Esprit Insurance DAC
Esprit Insurance DAC ("Company"), is the non-life captive insurer in the Aegon Group and is based in Dublin, Ireland. The principal activity of the Company is to act as a direct insurer for specified non-life corporate insurance risks of Aegon companies. Currently the Company underwrites the following lines of business in accordance with the terms of its insurance licence: Fire and natural forces, Other damage to property, General liability and Miscellaneous financial loss.
Audit Committee Statement
The Companies (Statutory Audits) Act 2018 has restricted the exemption for a captive insurer having to establish an audit committee (Section 1551 (13)(a) of the Act):
(13) (a) Subject to paragraph (b), subsection (1) shall not apply to a captive insurance undertaking or captive reinsurance undertaking (in each case within the meaning of Regulation 3 of the European Union (Insurance and Reinsurance) Regulations 2015 (S.I. No. 485 of 2015)) provided that it has a body or bodies performing equivalent functions to an audit committee, established and functioning in accordance with provisions in place in the State in which the public-interest entity to be audited is registered (in such case the entity shall disclose on its website which body carries out those functions and how that body is composed).
In compliance with Section 1551 (13)(a) of the Act, the Audit Committee function of the Company is being carried out by the Company Board of Directors.
13 Fitzwilliam Street Upper,
Dublin 2, Ireland
Tel.: +353 1 7645640
Fax: +353 1 6725774
Use the link below to download the SFCR and Quantitative Reporting Template (QRT) for Esprit.