Solvency II

On 4 November 2015, Ireland transposed the Solvency II Directive (Directive 2009/138/EC) as amended by the Omnibus II Directive (2014/51/EC) (together “the Solvency II Directive”) into Irish Law effective 1 January 2016. This transposition took the form of secondary Irish legislation in the form of a Statutory Instrument, the European Union (Insurance and Reinsurance) Regulations 2015, which together with the Solvency II Directive are collectively referred to as “Solvency II”.

The Solvency and Financial Condition Reports of AXIS Specialty Europe SE and AXIS Re SE are produced and disclosed as part of the Solvency II reporting requirements.

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