Industry & Business

Beazley plc to establish European insurance company in Dublin

 Breaking News
  • Microsoft’s New €134 Million Campus Officially Opens An Taoiseach, Leo Varadkar TD, was joined by Peggy Johnson, Executive Vice President, Microsoft Corporation; Cathriona Hallahan, MD, Microsoft Ireland; and Martin Shanahan, CEO, IDA Ireland at the recent official opening of the company’s new 34,000 sq m campus, One Microsoft Place, in Leopardstown, County Dublin. The opening of the building marks an important milestone [...]...
  • Tesco Ireland Achieves Great Place to Work Status Tesco Ireland has been awarded the coveted Great Place to Work accreditation. As a leading food retailer, Tesco is one of the biggest private sector employers in Ireland employing over 13,000 people across the country in its network of stores, head office and distribution centre. The Great Place to Work process celebrates Irish companies who promote [...]...
  • Guinness Enterprise Centre Bags Global Award For Top Business Incubator Dublin’s Guinness Enterprise Centre (GEC) has been named as the World’s Top Business Incubator, Collaborating with University, 2018. The award was presented to the GEC at the recent UBI Awards and Recognition Gala ceremony at the World Incubation Summit in Toronto, Canada. The GEC saw off strong competition from more than 1,300 incubators worldwide, which [...]...
  • Datapac Wins €5.5 Million in New Managed Services Contracts Datapac, a leading technology solutions and services provider, won €5.5 million in new managed services contracts with Irish organisations in 2017. The company is expecting to grow its managed services business by a similar figure again in 2018. Following recent investment in its Network Operations Centre (NOC) that included deployment of new remote monitoring platforms in [...]...
  • MSD is to Develop a New Biotechnology Facility in Dublin MSD is to develop a new biotechnology facility in Dublin, with the expected creation of up to 350 new jobs. Known as MSD Biotech, Dublin, the facility will be constructed on an existing MSD-owned property, the site of its former facility in Swords, Co. Dublin. Commenting on the announcement, the Minister for Business, Enterprise and Innovation, [...]...

Beazley plc to establish European insurance company in Dublin

Beazley plc to establish European insurance company in Dublin
July 13
09:00 2017

Insurance firm Beazley plc is to establish a European insurance company in Dublin. The company, which is an IDA Ireland client, will increase its European business from its Irish base. In order to expand its access to EU markets, Beazley plc has been granted a European insurance licence for its existing reinsurance company in Dublin. The new insurance entity will provide specialty insurance products including professional indemnity, management liability and cyber.

Commenting on the announcement Beazley CEO Andrew Horton said: “Our reinsurance company has been located in Dublin since 2009 and we have long considered it an attractive potential location from which to develop our European business. I am particularly grateful to Ireland’s inward investment promotion agency, IDA Ireland, for its unstinting support in our efforts to accomplish this.”

Welcoming the announcement by Beazley, the Tanaiste and Minister for Enterprise and Innovation, Frances Fitzgerald said: “This is very welcome news from Beazley and illustrates the strength of Ireland’s position in attracting innovative companies in the Financial Services Sector. The Government has been making strenuous efforts to ensure that we have the right conditions in place in Ireland, especially regarding skills availability, to attract more players from the knowledge based sectors. Announcements like this one today are a vindication of these efforts. We represent a very attractive base in the Eurozone for these companies and we will continue to pursue new investors from this sector.”

Also welcoming the announcement, Minister of State with special responsibility for Financial Services & Insurance, Michael D’Arcy TD said: “Beazley’s plans to expand its operations in Ireland is a very welcome development and demonstrates Ireland’s strong offering for the Financial Services Sector. The Government is making efforts to provide the most supportive climate possible for such business in Ireland.”

Martin Shanahan, CEO of IDA Ireland said: “Today’s decision reflects the increasing importance of Ireland as a gateway for the Single Market. Ireland has the right mix of high quality regulation and supervision, skills, experience and office space to make us a very logical place for financial services companies to locate. I welcome this announcement from Beazley and wish them every success here.”

About Author

editor

editor

Related Articles






New Subscriber





Subscribe Here



Advertisements

































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4