We are a relatively new insurance company that started operations in 2016 with a strong foundation provided by Fairfax, having acquired portfolios from QBE and AIG. With a focus on underwriting in Central-Eastern Europe, we have a wealth of experience and knowledge. Our goal is to build a strong business that will thrive for the next century. We believe in the active involvement of our people in our journey and evolution, as they play a crucial role in driving our growth and success.
Should you wish to contact our Luxembourg head-office for any assistance please contact us by:
+352 28 11 56 200
Colonnade Insurance S.A. ("Colonnade")
Colonnade Insurance S.A. (“Colonnade”) is a non-life insurance company owned by Fairfax Financial Holdings Limited. We are based in Luxembourg, operating through our branches in Bulgaria, Czech Republic, Hungary, Romania, Slovakia and Poland.
Our key products are:
- Accident & Health Insurance
- Travel Insurance
- Corporate Property and Liability Insurance
- Extended Warranty
- Directors & Officers Liability insurance
- Professional Indemnity Insurance
- Constructions and Erection All Risks Insurance
- Cargo Insurance
- Homeowners Insurance
Colonnade Insurance S.A. (“Colonnade”) received a non-life insurance licence from Luxembourg’s Minister for Finance on 24 July 2015. We are authorised to underwrite risks falling under 17 of the 18 EU statutory classes of non-life insurance (the exception being Class 10 – Motor Vehicle Liability) Our Regulator is the Commissariat aux Assurances (“CAA”) in Luxembourg. Branches of Colonnade have now been established in Bulgaria, the Czech Republic, Hungary, Romania, Slovakia and Poland.
Colonnade was established to “house” the businesses acquired by Fairfax from QBE Insurance (Europe) Limited („QBE“),
a UK regulated insurance company, which were constituted as branches in each of Hungary, Slovakia and Czech Republic. Colonnade has commenced underwriting activities in Hungary, Slovakia and the Czech Republic in 2016.
In October 2016, Fairfax entered into an agreement with American International Group, Inc. (“AIG”) to acquire the renewal rights of AIG’s portfolio of local business written by its subsidiary AIG Europe Limited in Bulgaria, Czech Republic, Hungary, Romania, Slovakia and Poland (the “AIG Business”).
It is intended that this business will be written by Colonnade, who also assumes AIG’s operating assets and employees. Under the agreement, Colonnade will carry out the claims handling and administration of the AIG business written by AIG historically on behalf of AIG.