XL Insurance Company SE has been granted permission to make the move by the Central Bank of Ireland (CBI) in advance of the UK’s exit on March 29, 2019.
The insurer says it will minimize disruption in its dealings with brokers and clients.
It is the latest insurer to announce its post-Brexit plans - following insurers such as QBE, RSA, AIG, Lloyd’s, Liberty and MS Amlin.
AXA XL chief executive Greg Hendrick, said: “We are extremely pleased to have gained approval in principle from the CBI. We have a long and established presence in Ireland and appreciate the quality of business environment, the regulatory environment and the expertise there.
“We took the decision to redomesticate XL Insurance Company SE to Ireland to ensure our clients and brokers benefit from continuity of service through our branch network in Europe.
“We highly value this branch network, because it enables us to write business in domestic markets as well as providing the infrastructure for our Global Programs business.”