Santander Travel Insurance provides peace of mind for your journeys, but who exactly is behind this protection? It’s crucial to understand who underwrites your policy, especially when it comes to travel insurance. Santander Travel Insurance is arranged, administered, and underwritten by Chubb European Group SE (CEG), a well-established and reputable insurance provider.
Chubb European Group SE is not just any insurance company. It operates as a Societas Europaea, a public company registered under European Union corporate law, ensuring a framework of accountability and limited liability for its members. Headquartered in France, CEG adheres to the stringent provisions of the French insurance code. For those within the European Economic Area, it’s important to know that risks are underwritten by CEG, authorized and regulated by the French Prudential Supervision and Resolution Authority. This robust regulatory oversight provides a layer of security and confidence for policyholders. The registered company number for Chubb European Group SE is 450 327 374 RCS Nanterre, with its registered office located at La Tour Carpe Diem, 31 Place des Corolles, Esplanade Nord, 92400 Courbevoie, France. They operate with a fully paid share capital of €896,176,662, demonstrating financial stability.
In the United Kingdom, Chubb European Group SE maintains a UK branch, registered in England & Wales under UK Establishment number: BR023093, with a UK Establishment address at 40 Leadenhall Street, London EC3A 2BJ. This branch is authorized by the Prudential Regulation Authority and subject to regulation by both the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. This dual regulation in the UK further emphasizes Chubb’s commitment to compliance and policyholder protection. For individuals seeking more detailed information about the extent of their regulation by the Prudential Regulation Authority, this information is available upon request. Furthermore, details about Chubb’s authorization can be readily found on the Financial Conduct Authority’s website, using the FS Register number 820988.
It’s also important to note Chubb’s global context. Chubb European Group SE operates as a subsidiary of a US parent company, Chubb Limited, which is listed on the NYSE and part of the broader Chubb Group of companies. This international structure means Chubb European Group SE is subject to certain US laws and regulations in addition to EU, UN, and national sanctions restrictions. These restrictions may, in some cases, prevent them from providing cover or processing claims for individuals or entities in or connected with specific countries and territories, including but not limited to Iran, Syria, North Korea, North Sudan, Cuba, and Crimea. This is a standard practice for global insurance companies to ensure compliance with international laws.
Santander UK plc, while offering Santander Travel Insurance, acts as the distributor. Santander UK plc is registered in England and Wales with Registered Number 2294747 and Registered Office at 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. They are authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 106054), reinforcing their credibility and adherence to financial standards. You can verify this information on the FCA’s website. Santander and the flame logo are registered trademarks. When you purchase Santander Travel Insurance, you are benefiting from the underwriting strength and regulatory compliance of Chubb European Group SE, facilitated by Santander UK.
Please note: For complete details, always refer to your policy documents and the official Santander and Chubb websites.
