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XL, Zurich Looking To Ireland

XL Capital said it plans to re-domesticate to Ireland, and Zurich Financial Services Group has transferred business from Italy, Portugal and Spain to local branches of its EU-based risk carrier, Zurich Insurance plc, also based in Ireland.

By staff Writer | Updated on January 11, 2010

NU Online News Service, Jan. 12, 3:40 p.m. EST

XL Capital said it plans to re-domesticate itself to Ireland from the Cayman Islands, and Zurich Financial Services Group has transferred most of its general insurance portfolios in Italy, Portugal and Spain to local branches of its EU-based risk carrier, Zurich Insurance plc (ZIP), which is also based in Ireland.

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