Resources for broker success
At Travelers, we are committed to providing our broker partners with the information and support needed to tread confidently and trade profitably in an uncertain world. Here, you’ll find details about our company, proposal forms, brochures and compliance information.
Looking for something not on offer here? We’re happy to help you find what you need. On our Contact Us page, you can connect with our dedicated product and sector teams or contact a Travelers office.
Reports, proposal forms and brochures
- Travelers Companies Annual Report 2024
- Travelers Insurance Designated Activity Company Limited Annual Report 2023
- Travelers Companies Annual Report 2023
- Travelers Insurance Designated Activity Company Limited Annual Report 2022
- Travelers Companies Annual Report 2022
- Travelers Insurance Designated Activity Company Limited Annual Report 2021
- Travelers Companies Annual Report 2021
- Travelers Insurance Designated Activity Company Limited Annual Report 2020
- Travelers Companies Annual Report 2020
- Travelers Insurance Designated Activity Company Limited Annual Report 2019
- Travelers Companies Annual Report 2019
- Travelers Insurance DAC Solvency and Financial Condition Report for the year ended 31 December 2024
- Travelers Insurance DAC Solvency and Financial Condition Report for the year ended 31 December 2023
- Travelers Insurance DAC Solvency and Financial Condition Report for the year ended 31 December 2022
- Travelers Insurance DAC Solvency and Financial Condition Report for the year ended 31 December 2021
- Travelers Insurance DAC Solvency and Financial Condition Report for the year ended 31 December 2020
- Travelers Insurance DAC Solvency and Financial Condition Report for the year ended 31 December 2019
Foreign Account Tax Compliance Act (FATCA)
The Foreign Account Tax Compliance Act (FATCA) is a U.S. law designed to prevent U.S. taxpayers from hiding their taxable income offshore. Effective 1 July 2014, this new law requires U.S. brokers and other withholding agents to check the status of their counterparties when making certain payments (including certain (re)insurance premium payments), in order to ensure the transaction will not – whether inadvertently or intentionally – result in the payment of undeclared U.S. taxable income.
Companies are encouraged to use IRS Form W-8BEN-E to provide evidence of their FATCA status. Travelers is therefore making these forms available for those of its insurance entities which may be in receipt of U.S.-sourced insurance premiums.
Should you have any queries, or want to obtain copies, please contact [email protected].
Brexit
To seamlessly serve our broker partners and customers across Europe regardless of the final outcome of the Brexit negotiations, we have established a new, wholly owned insurance subsidiary incorporated in the Republic of Ireland and based in Dublin.
You can read the press release here
AM Best have affirmed financial strength rating of A++ (Superior) for Travelers Insurance Designated Activity Company (TIDAC). You can read the press release here.
No action is required on your part. All existing policies and agreements remain valid.
If you have a motor policy with us, please find out here the impact of a “no deal” Brexit on travelling in our out of Europe by vehicle. We will keep these pages updated, please check back here to see the latest information.
Frequently asked questions and answers
We can confirm that the Scheme was sanctioned on 20 September 2019 and will take effect on 1 October 2019. For more information please see our press release.
Proposed transfer of insurance business from Travelers Insurance Company Limited to Travelers Insurance DAC
Travelers Insurance Company Limited (formerly named St. Paul International Insurance Company Limited, St Paul Travelers Insurance Company Limited and St. Katherine Insurance Company Limited) (the Transferor) is proposing to transfer its general insurance business underwritten or assumed (in whole or in part) by its Irish, Dutch, French and German branches (Transferring Business) to Travelers Insurance DAC (the Transferee) (the Transfer). The Transfer will be effected by means of an insurance business transfer scheme (Scheme) under Part VII of the UK Financial Services and Markets Act 2000.
Both the Transferor and the Transferee are part of The Travelers Companies, Inc. group. The Transferee was incorporated in the Republic of Ireland on 6 February 2018. The Transferee is authorised by the Central Bank of Ireland as a non-life insurance company under the European Union (Insurance and Reinsurance) Regulations 2015.
The rationale for the Transfer of the Transferring Business is to ensure that the policies subject to the Transfer can continue to be administered following the UK’s withdrawal from the EU. The effect of the Transfer is that the Transferor's rights and obligations under the policies comprising the Transferring Business will be transferred without alteration to the Transferee.
The proposal will need approval by the High Court of England and Wales and the Scheme can come into effect only with the Court’s approval. A brief summary of the effect of the Transfer is set out in the Information Booklet, a copy of which is available below in the “Transfer Documents” section.
Other than a change in counterparty, there will be no change to any of the terms and conditions of your agreement or policy with the Transferor, any premium you pay, the benefits payable from your policy or the procedure for making a claim as a result of the Transfer. Please read and consider the information we have included on this website carefully to make sure you understand what we are proposing to do. Unless you wish to object to the Transfer or think you are adversely affected by the Transfer (please see more information in the "Your rights" section below) then you do not have to do anything.
The Transfer requires the approval of the High Court of England and Wales. The Court will consider whether the Transfer will adversely affect policyholders and whether it is appropriate to allow this Transfer. You have a right to attend the Court hearing that will consider the Transfer and to present any objections you may have. The Court hearing is scheduled to take place on 20 September 2019. The address of the Court is 7 Rolls Building, Fetter Lane, London, EC4A INL.
We hope this webpage and the Transfer Documents below provide you with the information to allow you to understand what is proposed, and answer any questions that you may have. However, if you consider you may be adversely affected by the proposal or object to the proposal or if you need any further information or otherwise have any comments or queries then please let us know.
More details of the various ways you can raise any concerns or objections to the Transfer are included in the "Contact Information" section below.
- Letters to Policyholders
- Letters to Brokers
- Information Booklet
The information booklet contains various questions and answers, a summary of the scheme, a summary of the Independent Expert's report and a copy of the formal legal notice of the Transfer. - Letter to reinsurers
The Scheme document sets out the terms and conditions upon which the Transferring Business is being transferred to the Transferee. Read the Scheme Document here.
If you are comfortable with the Transfer, you do not need to do anything. If you need any further information or if you have queries or any concerns about this proposal, or think that you may be adversely affected, then please contact us as soon as possible and preferably no later than 11 September 2019 as follows:
Email: [email protected]
Post: Travelers Insurance Company Limited, General Counsel, Legal Department, 30 Fenchurch Street, London, EC3M 3BD England
Phone: +44 (0)20 3207 6000
Whether or not you contact us first, you have the right to:
- make written representations; and/or
- to appear at the court hearing in person; and/or
- instruct a barrister or solicitor advocate to appear at the Court hearing and make representations on your behalf.
If you wish to do any of I, II or III above we ask that you please let us know by contacting us using the contact details set out above, preferably no later than 11 September 2019. However, please note that you are free to do any of I, II or III without giving us advanced notice.
The Court hearing on 20 September 2019 is open for members of the public to attend.
- At the hearing the Judge will review whether all of the legal procedures for completing the Transfer have been followed correctly.
- The Judge will also review the witness statements and evidence presented by the companies, and consider the reports of the Independent Expert, the FCA and PRA.
- Time will be allocated to hear any representations put forward (whether in writing or in person) by affected policyholders or any other person who alleges that they would be adversely affected by the proposals.
- For more information about the Court hearing and further information of your rights please refer to the Information Booklet, a copy of which is available above in the “Transfer Documents” section.
Updates about the progress of the Transfer and copies of all of the relevant documentation will be posted on this website as soon as they are available. Please check back for updates on the progress of the Transfer, any changes to the proposed Effective Date or changes to the hearing dates and all other relevant updates, and contact us using the details above if you have any questions.
Brexit FAQs
Travelers currently covers risks in Europe in two ways:
1. Through our UK-based insurance company, Travelers Insurance Company Limited (TICL). TICL is authorised to write business under freedom of services in all 31 EEA member states. In addition, TICL has a branch in Ireland set up under freedom of establishment.
2. Through our syndicate at Lloyd’s, Travelers Syndicate 5000.
To continue covering risks in the EEA after the UK leaves the single market, Travelers has established a new insurance company, Travelers Insurance Designated Activity Company (TIDAC), in Ireland. The company is authorised by the Central Bank of Ireland, and has the same financial rating as TICL.
Travelers will transfer all business written through TICL’s current Irish branch to the new company. In addition, the new company will cover all EEA risks currently covered under multinational policies written by TICL.
Travelers will transfer all business written through TICL’s current Irish branch to TIDAC. In addition, TIDAC will cover all EEA risks currently covered under multinational policies written by TICL.
For business written in the EEA through our Lloyd’s syndicate, we will use the newly authorised Lloyd’s Brussels insurance subsidiary established in Belgium by Lloyd’s.
The entire portfolio of TICL’s Irish domiciled business will be transferred to TIDAC by means of an insurance business transfer under Part VII of the Financial Services and Markets Act 2000 (FSMA). Full details of the legal process will be provided to policyholders.
We anticipate this transfer will complete around the time that the UK is due to leave the EU. We will be contacting policyholders, claimants and other interested parties to provide them with details of the transfer and to let them know how they can raise any comments or queries.
The multinational business currently written by TICL will be renewed by TIDAC as each policy expires.
Ireland is the natural choice for our EU insurance company. We have been present in the Irish insurance market for more than 20 years and have a well-developed appreciation of the local industry and the sophisticated regulatory environment. In addition, we have more than 50 experienced professionals currently based in Ireland who will support TIDAC.
TIDAC is incorporated in Ireland and operate from Travelers’ current premises in Dublin, TIDAC also has a branch in the UK. The company is authorised and regulated by the Central Bank of Ireland (CBI), and the branch is authorised by the PRA. TIDAC is, therefore, able to cover risks located in UK, Ireland and will be able to cover risks located in any EEA member state on a freedom of services basis.
The same teams in Ireland will continue to provide expert underwriting and claims services to our customers and brokers in Ireland. All contact details will remain the same.
If you are a broker, please contact your regular Travelers representative. For customer or any other queries, please get in touch with John Abramson, General Counsel, Travelers Europe.
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