Transcript View Part VII Transfers

PART VII TRANSFERS EFFECTED PURSUANT TO THE UK FINANCIAL SERVICES AND MARKETS ACT 2000
Sidley Austin LLP, London is able to provide legal advice in relation to insurance business transfer schemes under Part VII of the UK Financial Services and
Markets Act 2000 (“FSMA”). This service extends to advising upon the applicability of FSMA to particular transfers (including transfers involving insurance
business domiciled outside the UK), advising parties to transfers as well as those affected by them including reinsurers, liaising with the FSA and
policyholders, and obtaining sanction of the transfer in the English High Court.
For more information on Part VII transfers, please contact:
Nigel Montgomery at [email protected] or telephone + 44 (0) 20 7360 2580.
If you would like details of a Part VII transfer added to this website, please email Nigel Montgomery at the address above.
www.sidley.com/partvii
SIDLEY AUSTIN LLP
Disclaimer for Part VII Transfers Web Page
The information contained in the following tables contained in this webpage (the "Information") has been collated by Sidley Austin LLP, London (together with Sidley Austin
LLP, the "Firm") using publicly-available sources. The Information is not intended to be, and does not constitute, legal advice. The posting of the Information onto the Firm's
website is not intended by the Firm as an offer to provide legal advice or any other services to any person accessing the Firm's website; nor does it constitute an offer by the
Firm to enter into any contractual relationship. The accessing of the Information by any person will not give rise to any lawyer-client relationship, or any contractual
relationship, between that person and the Firm.
Although the Information has been collated from publicly-available sources (including, without limitation, the London Gazette and the records of the High Court of Justice in
England, the High Court of Justice in Northern Ireland and the Court of Session in Scotland), the Firm neither assumes nor accepts any responsibility or liability to any person
for the completeness or accuracy of the Information. Consequently, no reader of the Information should rely on it for any purpose without undertaking further and specific
inquiry. The Firm accepts no liability or responsibility to any person for the contents of websites of third parties, access to which is provided by hypertext links included in
the Information (such websites being "Third Party Websites"). The Firm has no ability to verify the contents of Third Party Websites and has made no attempt to verify these
contents. The Firm does not endorse, warrant or support, and makes no comment on, the products and/or services offered by the operators or publishers of the Third Party
Websites or which may be accessible through the Third Party Websites. The Firm has not issued or caused to be issued any materials or information relating to the promotion
of financial services products which may appear on or be accessible through the Third Party Websites.
Each person accessing the Information is cautioned that, if such person links into a Third Party Website, the operator of that Third Party Website may collect data and other
information about such person. The data protection and privacy practices of the operators of Third Party Websites are not subject to any control by the Firm; the Firm has no
ability to monitor these practices, and makes no comment on them. Persons who are concerned about the data protection and privacy policies of the operators of Third Party
Websites should review the data protection and privacy policies of each operator of a Third Party Website.
The fact of stating on this webpage that a particular transfer is proposed or has received court sanction does not suggest that Sidley Austin LLP, London or any other
particular law firm has provided legal advice in relation to that transfer. This webpage is intended only to be a collation of information regarding transfers under Part VII of
the UK Financial Services and Markets Act 2000.
www.sidley.com/partvii
SIDLEY AUSTIN LLP
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Proposed Sanction
Date
Transferor(s)
Transferee(s)
2015
1 May
Financial Insurance Company
Limited
Financial Assurance
Company Limited
2015
20 February
The Steamship Mutual Underwriting
Association (Bermuda) Limited
Steamship Mutual
Underwriting Association
Limited
www.sidley.com/partvii
Website Link (if applicable)
www.steamshipmutual.com/About-Us/restructure.htm.
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UNITED KINGDOM SANCTIONED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES
AS AT 5 JANUARY 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2014
31 December
Protection Life Company Limited
Countrywide Assured plc
http://www.countrywideassured.co.uk./wpcontent/uploads/2014/09/Scheme-V7.pdf
2014
9 December
Royal London Pooled Pensions
Company Limited
The Royal London Mutual
Insurance Society Limited
https://www.rlam.co.uk/About/Proposed-Transfer/
2014
9 December
Royal London Limited
The Royal London Mutual
Insurance Society Limited
http://www.royallondongroup.co.uk/RLCIS/proposedtransfer
2014
27 October
Marine and General Mutual Life
Assurance Society
MGM Advantage Life
Limited
www.marineandgeneralmutual.co.uk/legal-transfer
2014
16 September
Prudential Annuities Limited
Prudential Assurance
Company Limited
http://www.pru.co.uk/pdf/GENM11816_IF170914.pdf
2014
28 July
Harworth Insurance Company
Limited
Royal & Sun Alliance
Insurance PLC
http://harworthinsurance.co.uk/part-vii-transfer-documents/
2014
21 July
Nationwide Life Limited
Legal and General
Assurance Society Limited
http://www.legalandgeneral.com/existingcustomers/pensions/nwl-transfer/
2014
30 June
Cavell Insurance Company Limited
River Thames Insurance
Company Limited
www.enstargroup.com/insurance-transfers-to-River-Thames
Fieldmill Insurance Company Limited
Hillcot Re Limited
Longmynd Insurance Company
Limited
and
Unione Italiana (UK) Reinsurance
Company Limited
www.sidley.com/partvii
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2014
5 June
Lucida Limited
Legal and General
Assurance Society Limited
http://www.legalandgeneral.com/advisercentre/annuities/ourproducts/bulk-purchase-annuity/lucidatransfer/
2014
19 March
Royal London (CIS) Limited
CIS General Insurance
Limited
www.co-operativeinsurance.co.uk/transfer
2014
1 March
1. Fuji International Insurance
Company Limited
AIG Europe Limited
www.aig.co.uk/fujiandinterhannovertransfer
2. International Insurance Company
of Hannover PLC
2013
20 December
Chevanstell Limited
R&Q Insurance (Malta)
Limited
http://www.rqih.com/news-events/chevanstell-part-viitransfer/
2013
17 December
Metlife Limited
Metlife Europe Limited
www.metlife.co.uk/partvii
2013
13 December
Mitsui Sumitomo Insurance
Company (Europe) Limited
MSIG Insurance Europe AG
www.msi-europe.com
2013
13 December
Metlife Insurance Limited
1. Metlife Europe Limited
www.metlife.co.uk/partvii
2. Metlife Europe
Insurance Limited
2013
3 December
1. Friends Life Company Limited
2. Friends Life Limited
2013
8 November
1. Eagle Star Insurance Company
Limited
1. Friends Life Pensions
Limited
2. Friends Life WL Limited
RiverStone Insurance (UK)
Limited
www.esitransfer.com
2. Home & Overseas Insurance
Company Limited
3. City of London Insurance
Company Limited
www.sidley.com/partvii
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2013
24 October
Guildhall Insurance Company
Limited
Unionamerica Insurance
Company Limited
http://www.guildhall-unionamerica-transfer.co.uk/
2013
22 October
B & C E Insurance Limited
Partnership Life Assurance
Company Limited
http://www.bandce.co.uk/
http://www.partnership.co.uk/
2013
22 October
1. Groupama Insurance Company
Limited
Ageas Insurance Limited
www.ageas.co.uk
2. National Motor and Accident
Insurance Union Limited
2013
2013
7 October
30 September
www.groupama.co.uk
Nippon Insurance Company of
Europe Limited (formerly The Nippon
Fire and Marine Insurance Company
(U.K.) Limited)
Nipponkoa Insurance
Company (Europe) Limited
1. Guardian Pensions Management
Ltd
Guardian Assurance
Limited
http://www.nipponinscoeurope.com/
http://www.nipponkoaeurope.com/
2. Guardian Linked Life Assurance
Ltd
2013
3 June
The Royal London Mutual Insurance
Society Limited
Prudential Retirement
Income Limited
www.scottishlife.co.uk/annuitytransfer
2012
4 December
1. Friends Life Assurance Society
Limited
Friends Life Limited
www.friendslife.co.uk/transfer2012
HDI-Gerling Industrie
Versicherung AG
www.globalre.com/transferscheme
2. Friends Life Company Limited
3. F&C Managed Pension Funds
Limited
2012
15 November
www.sidley.com/partvii
GLOBAL General and Reinsurance
Company Limited
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2012
6 November
Zurich Specialties London Limited
Swiss Re International SE,
UK Branch
www.zsl.co.uk
2012
31 October
The United Kingdom Mutual Steam
Ship Assurance Association
(Bermuda) Limited
The United Kingdom
Mutual Steam Ship
Assurance Association
(Europe) Limited
www.ukpandi.com/about-the-club/club-restructure
2012
25 October
Hannover Life Reassurance (UK)
Limited
Hannover
Rückversicherung AG
www.hannoverlifere.com/contact/network/hlruk
London Life Limited
Pearl Assurance Limited
(which is to change its
name to Phoenix Life
Assurance Limited)
www.london-life.com/FM12scheme
2012
24 September
www.hannoverlifere.co.uk/news/news
www.pearl.co.uk/FM12scheme
2012
28 August
Skandia Life Assurance Company
Limited
Aurum Sijoitusvakuutus Oy
www.skandiainternational.com/Aurum-transfer
2012
25 July
Provident Insurance lnsurance plc
and Gateway Insurance Company
Limited
MMA Insurance Plc
www.gateway-insurance-company.com/partvii
American Life Insurance Company
1. MetLife Limited
www.alico.co.uk
2. MetLife Assurance
Limited
www.metlife.co.uk
2012
24 July
www.providentinsurance.co.uk/partvii
www.mma-insurance.com/partvii
3. MetLife Europe Limited
2012
19 July
American Life Insurance Company
ReAssure Limited
www.alico.co.uk
www.reassure.co.uk
www.sidley.com/partvii
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2012
20 June
Combined Insurance Company of
America
1. Ace European Group
Limited
www.combinedinsurancetransfer.com
2. Ace Europe Life Limited
2012
25 May
London General Insurance Company
Limited
London General Life
Company Limited
www.thewarrantygroup.co.uk
2012
28 March
National Provident Life Limited and
NPI Limited
Phoenix Life Limited
www.npi.co.uk/FM11scheme
2012
22 March
Pearl Assurance Limited
BA (GI) Limited
www.pearl.co.uk
2011
20 December
Standard Life Investment Funds
Limited
Standard Life Assurance
Limited
www.standardlife.com/transfer
2011
19 December
The Standard Steamship Owners’
Protection and Indemnity Association
(Bermuda) Limited, The Standard
Steamship Owners’ Protection and
Indemnity Association (London)
Limited, The Standard Steamship
Owners’ Mutual War Risks Limited
The Standard Steamship
Owners’ Protection and
Indemnity Association
(Europe) Limited
www.ctcplc.com
2011
15 December
Save & Prosper Insurance Limited,
Save & Prosper Pensions Limited
Countrywide Assured plc
www.saveandprosper.com
SLFC Assurance (UK) Limited
Sun Life Assurance
Company of Canada (U.K.)
Limited
2011
14 December
www.sidley.com/partvii
www.countrywideassured.co.uk
www.sloc.co.uk/transfer
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2011
12 December
1. Alliance Assurance Company
Limited; The British and Foreign
Marine Insurance Company Limited;
Liverpool Marine and General
Insurance Company Limited; London
Guarantee & Reinsurance Company
Limited; National Vulcan Engineering
Insurance Group Limited; Royal &
Sun Alliance Insurance (Global)
Limited; Royal & Sun Alliance
Reinsurance Limited; Royal
Insurance (U.K.) Limited; Royal
International Insurance Holdings
Limited; Sun Alliance and London
Insurance plc; Sun Alliance
Insurance International Limited; Sun
Alliance Insurance UK Limited; Sun
Insurance Office Limited; The
Century Insurance Company
Limited; The Globe Insurance
Company Limited; The London
Assurance; Northern Maritime
Insurance Company Limited; The
Sea Insurance Company Limited and
The Union Marine and General
Insurance Company Limited
1. Royal & Sun Alliance
Insurance plc
1. www.transfers.rsagroup.com
www.sidley.com/partvii
2. The Marine Insurance
Company Limited
3. Sun Insurance Office
Limited
2. www.transfers.rsagroup.com
3. www.transfers.rsagroup.com
4. www.transfers.rsagroup.com
5. www.transfers.rsagroup.com
4. Royal & Sun Alliance
Insurance plc
5. The Marine Insurance
Company Limited
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
BlackRock Asset
Management Pensions
Limited
www.blackrock.co.uk/BPLtransfer
2. Alliance Assurance Company
Limited; The British and Foreign
Marine Insurance Company Limited;
Liverpool Marine and General
Insurance Company Limited; London
Guarantee & Reinsurance Company
Limited; Royal & Sun Alliance
Insurance (Global) Limited; Royal &
Sun Alliance Insurance plc; Royal &
Sun Alliance Reinsurance Limited;
Royal Insurance (U.K.) Limited;
Royal International Insurance
Holdings Limited; Sun Alliance and
London Insurance plc; Sun Alliance
Insurance International Limited; Sun
Alliance Insurance UK Limited; Sun
Insurance Office Limited; The
Century Insurance Company
Limited; The Globe Insurance
Company Limited; The London
Assurance; Northern Maritime
Insurance Company Limited; The
Sea Insurance Company Limited and
The Union Marine and General
Insurance Company Limited
3. National Vulcan Engineering
Insurance Group Limited and The
Sea Insurance Company Limited
4. PA(GI) Limited
5. PA(GI) Limited
2011
12 December
www.sidley.com/partvii
BlackRock Pensions Limited
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2011
8 December
Euler Hermes UK Plc
Euler Hermes Credit
Insurance Belgium SA
(NV)
http://www.eulerhermes.co.uk/business-transfer-scheme
2011
8 December
Paternoster UK Limited
Rothesay Life Limited
www.rothesaylife.co.uk
2011
5 December
Direct Line Insurance plc, Churchill
Insurance Company Limited, The
National Insurance and Guarantee
Corporation Limited
U K Insurance Limited
ukitransfer.com
2011
21 November
Barclays Life Assurance Company
Limited
Windsor Life Assurance
Company Limited
www.barclayslife.com
www.windsor-life.com
2011
18 November
Friends Provident Life Assurance
Limited, Friends Provident Pensions
Limited, Bupa Health Assurance
Limited
Friends Provident Life and
Pensions Limited
www.friendslife.co.uk/transfer2011
2011
28 October
RGA Reinsurance UK Limited
RGA International
Reinsurance Company
Limited
http://rgare.com/offices/esa/Pages/uk.aspx
2011
14 October
Friends Life Company Limited
AXA Wealth Limited
www.axa.co.uk
2011
10 October
CGU Bonus Limited, Scottish Boiler
and General Insurance Company
Limited
Aviva Insurance Limited
www.avivatransfer.co.uk
www.sidley.com/partvii
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2011
10 October
1. Aviva Insurance UK Limited, Aviva
International Insurance Limited, CGU
Bonus Limited, Hamilton Insurance
Company Limited, London and
Edinburgh Insurance Company
Limited, The Scottish Boiler and
General Insurance Company Limited
1. Aviva Insurance Limited
1. www.avivatransfer.co.uk
2. Aviva Insurance Limited, Aviva
International Insurance Limited,
London and Edinburgh Insurance
Company Limited
2. The Ocean Marine
Insurance Company
Limited
2. www.avivatransfer.co.uk
1. Aviva Insurance UK Limited, Aviva
International Insurance Limited, CGU
Underwriting Limited, Hamilton
Insurance Company Limited, London
and Edinburgh Insurance Company
Limited, the Ocean Marine Insurance
Company Limited
1. Aviva Insurance Limited
1. www.avivatransfer.co.uk
2. Aviva Insurance Limited, Aviva
International Insurance Limited,
London and Edinburgh Insurance
Company Limited, the World
Auxiliary Insurance Corporation
Limited
2. Ocean Marine Insurance
Company Limited
2. www.avivatransfer.co.uk
2011
5 October
2011
22 September
International Insurance Company of
Hannover Limited
Brampton Insurance
Company Limited
www.inter-hannover.com/transfer2011
2011
21 September
1. Royal Scottish Assurance PLC
Aviva Life & Pensions UK
Limited
www.natwestlifetransfer.com
2. National Westminster Life
Assurance Limited
www.sidley.com/partvii
www.royalscottishassurancetransfer.com
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2011
14 September
1. Winterthur Life UK Limited
1. AXA Wealth Limited
www.winterthur-life.co.uk
2. AXA Wealth Limited
2. Winterthur Life UK
Limited
2011
29 March
QBE Reinsurance (UK) Limited
QBE Insurance (Europe)
Limited
N/A
2011
24 March
1. The Royal Exchange Assurance
AXA Insurance UK plc
www.axa.co.uk/media-centre/insurance-business-transfer
2. AXA General Insurance Limited
3. AXA Insurance plc
2011
11 February
Phoenix & London Assurance Limited
Phoenix Life Limited
www.phoenixlifegroup.co.uk/PALALtransfer
2011
8 February
Sompo Japan Insurance Inc.
Transfercom Limited
www.sompo-japan.co.jp/english/news/transfer.html
2010
21 December
Adia Reinsurance Company (UK)
Limited
Hanseatica
RuckversicherungsAktiengesellschaft
N/A
2010
21 December
Aviation & General Insurance
Company Limited
Tenecom Limited
www.aviationandgeneral.co.uk
2010
16 December
Indemnity Insurance Limited
Churchill Insurance
Company Limited
www.churchill.com/indemnity-transfer
2010
9 December
Ansvar Insurance Company Limited
Ecclesiastical Insurance
Office plc
www.ansvar.co.uk
Homeowners Friendly
Society Limited (trading as
Engage Mutual Assurance)
www.eccelesiastical.com/ELL
Faraday Reinsurance Co.
Limited
www.genre.com/partvii-gsiil
2010
2010
26 November
9 November
www.sidley.com/partvii
Ecclesiastical Life Limited
General Star International Indemnity
Ltd.
www.ecclesiastical.com
www.engagemutual.com
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2010
27 October
Prudential (AN) Limited and
Prudential Holborn Life Limited
The Prudential Assurance
Company Limited
www.pru.co.uk/partviitransfer
2010
8 October
General Reinsurance UK Limited
General Reinsurance AG
www.genre.com/partvii-gruk
2010
21 September
Novae Insurance Company Limited
Novae Corporate
Underwriting Limited
www.novae.com
2010
19 May
Mitsui Sumitomo Insurance Co., Ltd
Bosworth Run-Off Limited
www.msi-bosworth-transfer.com
2010
29 March
QBE Insurance (Europe) Limited
Syndicate 44 at Lloyd’s as
constituted for the 2010
year of account
www.qbeeurope.com
Pearl Assurance PLC
www.npi.co.uk/schemeinfo
2010
5 February
National Provident Life Limited
http://sagicoratlloyds.eu
www.pearl.co.uk/schemeinfo
2009
10 December
Hamilton Insurance Company
Limited
Aviva Life & Pensions UK
Limited
www.hamiltontransfer.com
2009
10 December
Hamilton Life Assurance Company
Limited
Aviva Life & Pensions UK
Limited
www.hamiltontransfer.com
2009
4 December
Arran Insurance Company Limited
Chevanstell Limited
www.rqih.co.uk/arran/
2009
15 October
The Scottish Eagle Insurance
Company Limited
Brit Insurance Limited
www.scottish-eagle.co.uk
2009
23 July
Nationwide Life Limited
Legal and General
Assurance Society Limited
www.legalandgeneral.com/nwl
2009
25 June
Equitas Limited (representing the
Names at Lloyd's for the 1992 and
prior years of account)
Equitas Insurance Limited
www.equitas.co.uk
www.sidley.com/partvii
www.Lloyds.com
SIDLEY AUSTIN LLP
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2009
27 March
1. Scor Insurance (UK) Limited
1. Scor (UK) Company
Limited
www.scor.com/www/index.php?id=438
2. Scor UK Company Limited
2. Scor Global P&C SE
Scottish Mutual Assurance Limited &
Scottish Provident Limited
Phoenix Life Limited
2009
30 January
www.scottishmutual.co.uk/simplify2008.html
www.scotprov.co.uk/simplify2008.html
www.scotprov.ie/simplify2008.html
www.phoenixlifegroup.co.uk/simplify2008.shtml
2008
17 December
IC Insurance Limited
Groupama Transport
www.clydeco.com/icinsurance
2008
17 December
Royal & Sun Alliance Insurance plc,
Alliance Assurance Company
Limited, British Engine Insurance
Company Limited, Century Insurance
Company Limited, The London
Assurance, National Vulcan
Engineering Insurance Group
Limited, Royal & Sun Alliance
Insurance (Global) Limited, The Sea
Insurance Company Limited, Sun
Alliance and London Insurance plc,
Sun Insurance Office Limited
Europa General Insurance
Company Limited
www.rsagroup.ie/domestication
2008
16 December
Moorgate Insurance Company
Limited (formerly Pohjola Insurance
Company (U.K Limited)
The Ocean Marine
Insurance Company
Limited
N/A
2008
16 December
Munich Reinsurance America Inc
(UK Branch)
Great Lakes Reinsurance
(UK) PLC
www.munichreamerica.com
London General Insurance Company
Limited
ACE European Group
Limited
N/A
2008
16 December
(No 8354 of 2008)
www.sidley.com/partvii
www.greatlakes.co.uk
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2008
16 December
London General Insurance Company
Limited
ACE European Group
Limited
N/A
(No 8356 of 2008)
2008
16 December
London General Insurance Company
Limited
Combined Insurance
Company Of Europe
Limited
N/A
2008
12 December
Zurich Insurance Company (UK
Branch), Navigators & General
Insurance Company Limited, Zurich
GSG Limited, Zurich International
(UK) Limited
The UK Branch of Zurich
Insurance Ireland Limited
www.zurich.co.uk/changes2009
2008
9 December
The Pharmacy Mutual Insurance
Company Limited
NPA Insurance Limited
www.p-m-i.co.uk
2008
4 December
Scottish Mutual Assurance Limited &
Scottish Provident Limited
The Royal London Mutual
Insurance Society Limited
www.scottishprovident.com/transfer2008.html
www.royallondongroup.co.uk/AboutUs/ProposedTransfers.asp
2008
4 December
Phoenix Life Assurance Limited
The Royal London Mutual
Insurance Society Limited
www.royallondongroup.co.uk/AboutUs/ProposedTransfers.asp
2008
2 December
AXA Reinsurance UK Limited
AXA Global Risks (UK)
Limited
www.clyde.com/axare
2008
24 October
Domestic & General Life Assurance
Company Limited
Forester Life Limited
N/A
2008
15 August
Consumer Electronics Insurance
Company Limited
Amtrust International
Underwriters Limited
www.ceicotransfer.co.uk
2008
30 July
Great Lakes Reinsurance (UK) PLC
QBE Insurance (Europe)
Limited
www.QBEeurope.com/IBT
www.sidley.com/partvii
www.greatlakes.co.uk
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UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2008
23 July
Invesco Pensions Limited
Threadneedle Pensions
Limited
www.invescoperpetual.com
www.threadneedle.com
2008
11 April
Zurich Assurance Ltd
Windsor Life Assurance
Company Limited
www.zurich.co.uk/windsor
2008
30 January
Minster Insurance Company Limited,
The Contingency Insurance
Company Limited and Malvern
Insurance Company Limited
Groupama Insurance
Company Limited
www.groupama.co.uk and www.minsterins.co.uk
2007
19 December
Pinnacle Insurance plc
Cardif Försäkring AB,
Cardif Livförsäkring AB
N/A
2007
18 December
London Aberdeen & Northern Mutual
Assurance Society Limited
Scottish Friendly
Assurance Society Limited
www.lanmas.co.uk
2007
18 December
NM Pensions Limited and NM Life
Limited
Windsor Life Assurance
Company Limited
www.tomorrow.co.uk and
www.windsor-life.com
2007
13 December
St Paul Reinsurance Company
Limited and St Paul Travelers
Insurance Company Limited
Unionamerica Insurance
Company Limited
www.unionamericainsurancecompany.com
2007
28 November
The Equitable Life Assurance Society
The Prudential Assurance
Company Limited
www.pru.co.uk/equitable and www.pruadviser.co.uk/equitable
2007
28 November
NRG London Reinsurance Company
Limited
NRG Victory Reinsurance
Limited
N/A
2007
22 November
Integer The Underwriting Members
Mutual Club Limited
Centrewrite Limited
www.integermutual.co.uk
2007
21 November
Admiral Syndicate Management
Limited (in its capacity as managing
agent of Syndicate 2004)
Admiral Insurance
Company Limited
www.admiralgroup.co.uk
www.sidley.com/partvii
SIDLEY AUSTIN LLP
16
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2007
15 November
Swiss Re Life & Health Limited
Swiss Re Europe S.A.
www.swissre.com/partvii
2007
15 November
Swiss Reinsurance Company UK
Limited
Swiss Re Europe S.A.
www.swissre.com/partvii
2007
26 October
New Hampshire Insurance Company,
UK Branch
Landmark Insurance
Company Limited
www.aigtransfer.co.uk
2007
26 October
Nissan Insurance Company (Europe)
Limited
Sompo Japan Insurance
Company of Europe
Limited
www.sompo-japan.co.jp/english/sje.html
2007
11 October
Generali Assurances Générales
City General Insurance
Company Limited
www.citygeneral.co.uk
2007
31 July
Cavendish Insurance Limited
Royal & Sun Alliance
Insurance plc
http://www.royalsun.com/cavendishbusinesstransfer
2007
31 July
The Members of Syndicate 37 at
Lloyd’s as Constituted for the 1994
to 2002 (Inclusive) Years of Account,
Ocknam Corporate Limited, the Sole
Member of Syndicate 2037 at Lloyd’s
as Constituted for the 1997 to 2001
(Inclusive) Years of Account and
Highway Corporate Capital Limited
as Constituted for the 2002 Year of
Account
Highway Insurance
Company Limited
2007
30 July
BUPA Insurance Limited
Quinn Direct Insurance
Limited
www.bupa.com/irishbranchtransfer
www.Quinn-Healthcare.com/transfer
2007
26 July
Hearts of Oak Insurance Company
Limited
Reliance Mutual Insurance
Society Limited
www.reliancemutual.co.uk
www.sidley.com/partvii
SIDLEY AUSTIN LLP
17
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2007
26 July
University Life Assurance Society
Reliance Mutual Insurance
Society Limited
www.reliancemutual.co.uk
2007
26 July
RM Life Assurance
Reliance Mutual Insurance
Society Limited
www.reliancemutual.co.uk
2007
28 March
Sun Alliance Insurance Overseas
Limited
Royal & Sun Alliance
Insurance plc
http://www.royalsunalliance.com/royalsun/ms/businesstransfer
/customerinformation
2007
14 March
First Alternative Insurance Company
Limited
esure Insurance Limited
www.firstalternative.com/s_faq.htm
2007
8 February
Brit Insurance (UK) Limited
Brit Insurance Limited
www.britinsurance.com
2007
1 February
The Equitable Life Assurance Society
Canada Life Limited
http://www.equitable.co.uk/content/content_53.htm
2007
30 January
Sompo Japan Insurance Inc.
Transfercom Limited
http://www.sompo-japan.co.jp/english/transfer.html
2006
21 December
The Royal London Mutual Insurance
Society Limited
Prudential Retirement
Income Limited
http://www.scottishlife.co.uk/scotlife/web/site/
Employer/TrusteeZone/ProposedTransferofAnnuities
Trustees.asp
2006
19 December
Bradford Insurance Company
Limited
Royal & Sun Alliance
Insurance plc
N/A
2006
19 December
Nissay Dowa General Insurance
Company Limited
Dowa Insurance Company
(Europe) Limited
http://www.eversheds.com/nissaydowa
2006
18 December
CX Reinsurance Company Limited
CNA Insurance Company
Limited
http://www.cnaeurope.com/news/archive.asp
2006
11 December
Chevanstell Limited, Oslo
Reinsurance Company (UK) Limited
Hillcot Re Limited
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
18
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2006
8 December
Alba Life Limited, Britannic
Assurance plc, Britannic Retirement
Solutions Limited, Britannic Unit
Linked Assurance Limited, Century
Life plc, Phoenix Life & Pensions
Limited
Phoenix Life Limited
http://www.phoenixlifegroup.co.uk/phoenixlife/About%20Us/fu
nds_merger06.shtml
2006
29 November
English & Scottish Maritime &
General Insurance Company Limited
AXA Global Risks (UK)
Limited
http://www.clydeco.com/EnglishandScottish/AGR/Part7Scheme
/
2006
16 November
The Royal London Mutual Insurance
Society Limited
Prudential Retirement
Income Limited
http://www.scottishlife.co.uk/scotlife/web/site/
Employer/TrusteeZone/ProposedTransferofAnnuities
Trustees.asp
2006
17 October
Alliance Assurance Company
Limited, Cavendish Insurance
Limited, Century Insurance Company
Limited, Liverpool Marine and
General Insurance Company Limited,
The London Assurance, London
Guarantee & Reinsurance Company
Limited, National Vulcan Engineering
Insurance Group Limited, Royal &
Sun Alliance Insurance (Global)
Limited, Royal & Sun Alliance
Insurance plc, Royal & Sun Alliance
Reinsurance Limited, Royal
International Insurance Holdings
Limited, The Sea Insurance
Company Limited, Sun Alliance and
London plc
British Engine Insurance
Ltd
http://www.royalsun.com/royalsun/ms/inwards-retransfers/inwardsretransfershome?external=true
2006
25 September
Hallmark Insurance Company
Limited
The National Insurance
and Guarantee Corporation
Limited
http://www.nig.com/media/press/pressreleases/nig280606.ht
ml
www.sidley.com/partvii
SIDLEY AUSTIN LLP
19
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2006
20 September
Elders Insurance Company Limited,
Fortress Insurance Company
Limited, The National Transit
Insurance Company Limited, The
Pennine Insurance Company Limited,
The Union Marine and General
Insurance Company Limited
Royal & Sun Alliance
Insurance plc
http://www.royalsun.com/businesstransfer
2006
15 September
XL Re Ltd
XL Re Europe Limited
N/A
2006
14 September
Pearl Assurance (Unit Linked
Pensions) Limited, Pearl Assurance
(Unit Funds) Limited, London Life
Linked Assurances Limited
NPI Limited
http://www.npi.co.uk/npi/npipb.nsf/Content/news-article-slc
2006
8 September
Seb Trygg Life (UK) Assurance
Company Limited
Seb Life (Ireland)
Assurance Company
Limited
N/A
2006
7 September
Winterthur Swiss Insurance
Company
Tenecom Limited
N/A
2006
14 July
Skandia Life Assurance Company
Limited
Legal & General Assurance
Society Limited
N/A
2006
7 July
PPP Lifetime Care plc, Sun Life
Pensions Management Limited, Sun
Life Unit Assurance Limited
AXA Sun Life plc
N/A
2006
26 June
City of Westminster Assurance
Company Limited
Countrywide Assured plc
http://www.chesnara.co.uk/
2006
22 June
GE Frankona Reinsurance Limited
Swiss Reinsurance
Company UK Limited
http://www.swissre.com/geispartvii
www.sidley.com/partvii
SIDLEY AUSTIN LLP
20
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2006
7 June
GE Frankona Reassurance Limited
Swiss Reinsurance
Company, Swiss Re Life &
Health Limited
http://www.swissre.com/geispartvii
2006
5 June
Phoenix Life & Pensions Limited
Prudential Retirement
Income Limited
N/A
2006
24 May
Spectrum Syndicate Management
Limited (acting on behalf of the
members of Syndicate 982 as
constituted for the 1994-2001
(inclusive) years of account)
Sterling Life Limited
N/A
2006
22 May
NRG Fenchurch Insurance Company
Limited
NRG London Reinsurance
Company Limited
N/A
2006
17 May
PA(GI) Limited
Groupama Insurance
Company Limited
N/A
2006
17 May
Royal & Sun Alliance Insurance plc
Groupama Insurance
Company Limited
N/A
2006
28 April
Clinicare Limited
Groupama Insurance
Company Limited
N/A
2006
22 February
Haven Insurance Policies Limited
Norwich Union Insurance
Limited
http://www.aviva.com/index.asp?pageid=526
2006
8 February
Royal & Sun Alliance Insurance plc
Great Lakes Reinsurance
(UK) plc
N/A
2006
19 January
St Andrew's Life Assurance plc, St
Andrew's Insurance plc
Sphéria Vie SA
http://www.st-andrews.fr/spheria-transfert.htm
2005
19 December
Phoenix & London Assurance Limited
Canada Life Limited
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
21
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2005
19 December
Healthsure Group Limited, Bristol
Contributory Welfare Association
Limited
HSA Group Limited
N/A
2005
19 December
Ecumenical Insurance Company
Limited
Ansvar Insurance
Company Limited
N/A
2005
15 December
Aioi Insurance Company of Europe
Limited
Aioi Motor and General
Insurance Company of
Europe Limited
http://www.aioi.co.uk/PartVII/UK/PartVII%20English%20docs.
htm
2005
15 December
Privilege Insurance Company Limited
Direct Line Insurance plc
N/A
2005
13 December
The Continental Insurance Company
Continental Management
Services
http://www.grmsolutions.com/merger.html
2005
23 November
Reassure UK Life Assurance
Company Limited, Virgin Money Life
Limited
UNUM Limited
N/A
2005
2 November
QBE Insurance Company (UK)
Limited
QBE International
Insurance Limited
N/A
2005
31 October
Bradford Insurance Company
Limited, Phoenix Assurance Limited,
Swiss Life (UK) plc
Royal & Sun Alliance
Linked Insurances Limited
http://www.phoenixlifegroup.co.uk/phoenixlife/About%20Us/fu
nds-merger05.shtml
2005
27 October
UIA (Insurance) Limited
Liverpool Victoria Life
Company Limited
N/A
2005
6 October
The Northern Assurance Company
Limited
CGU International
Insurance plc, The Ocean
Marine Insurance Company
Limited
http://aviva.com/index.asp?pageid=492
www.sidley.com/partvii
SIDLEY AUSTIN LLP
22
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2005
27 July
Tokio Marine Global Ltd
Tokio Marine Europe
Insurance Limited
N/A
2005
27 July
Bestpark International Limited
Kobstaedernes Forsikring
N/A
2005
25 July
Allianz Cornhill Insurance plc
Britannic Unit Linked
Assurance Limited
N/A
2005
15 July
Lakewood Insurance Company
Limited (formerly Sampo Insurance
Company (UK) Limited)
IF Skadeforsakring AB
(publ) (Sverige) (also
known as IF P&C
Insurance Limited
(Sweden))
N/A
2005
11 July
Reliance Mutual Insurance Society
Limited
Eurolife Assurance
Company Limited
N/A
2005
8 July
UNUM Limited
N.V. Amersfoortse
Algemene Verzekering
Maatschappij, N.V.
Amersfoortse
Levenverzekering
Maatschappij
N/A
2005
21 June
Catlin Insurance Company Limited
Catlin Insurance Company
(UK) Limited
N/A
2005
20 June
Scottish General Insurance Company
Limited
Norwich Union Insurance
Limited
http://aviva.com/index.asp?pageid=475
2005
17 June
St Andrew's Life Assurance plc, St
Andrew's Insurance plc
Dexia Epargne Pension SA,
Dexia Assurances SA
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
23
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2005
25 April
London & Scottish Assurance
Corporation Limited, Edinburgh
Assurance Company Limited, The
Indemnity Marine Assurance
Company Limited, The British &
European Reinsurance Company
Limited, Commercial Union
Assurance Company Limited,
General Accident Fire and Life
Assurance Corporation Limited,
General Accident Reinsurance
Company Limited, The New Zealand
Reinsurance Company (UK) Limited,
The Road Transport & General
Insurance Company Limited, The
Ulster Marine Insurance Company
Limited, Scottish Insurance
Corporation Limited, The Yorkshire
Insurance Company Limited
The Ocean Marine
Insurance Company
Limited
http://aviva.com/index.asp?pageid=447
2005
22 March
ACE European Group Limited
CIGNA Europe Insurance
Company S.A.-N.V.
N/A
2005
17 March
The Guarantee Society Limited
CGU Insurance plc
http://aviva.com/index.asp?pageid=448
2005
17 March
Royal & Sun Alliance Insurance plc
Standard Life Healthcare
Limited
N/A
2005
28 January
Global General and Reinsurance
Company Limited
Sterling Life Limited
http://www.globalre.com/ggre-uk/part7classiccare/
2005
19 January
Connie Lee Insurance Company
Riverstone Insurance (UK)
Limited
N/A
2004
22 December
AGF Insurance Limited
Riverstone Insurance (UK)
Limited
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
24
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2004
17 December
Allied Dunbar Assurance plc, Zurich
Assurance plc, City of London
Insurance Company Limited, Pilot
Assurance Company Limited
Eagle Star Life Assurance
Company Limited
N/A
2004
17 December
Continental Reinsurance Corporation
(UK) Limited
Continental Management
Services Limited
http://www.grmsolutions.com/articles/merger.html
2004
15 December
Chevanstell Limited, Ecclesiastical
Insurance Office plc, Nipponkoa
Insurance Company (Europe)
Limited, QBE Insurance Company
(UK) Limited, Marlon Insurance
Company Limited, Aioi Insurance
Company of Europe Limited,
Guildhall Insurance Company
Limited, Community Reinsurance
Corporation Limited, Oslo
Reinsurance Company (UK) Limited,
Sovereign Marine & General
Insurance Company Limited, OIC
Run-Off Limited, Wausau Insurance
Company (UK) Limited, Sphere
Drake Insurance Limited
Riverstone Insurance (UK)
Limited
N/A
2004
13 December
The Continental Insurance Company
Continental Management
Services Limited
http://www.grmsolutions.com/merger.html
2004
25 November
Halifax Life Limited
St Andrew's Life Assurance
plc, Clerical Medical
Investment Group Limited
N/A
2004
18 November
Samsung Insurance Company of
Europe Limited
Landmark Insurance
Company Limited
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
25
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2004
18 November
Norwich Union Linked Life Assurance
Limited, Commercial Union Life
Assurance Company Limited, CGNU
Life Assurance Limited, TPFL Limited,
Fidelity Life Assurance Limited, The
Yorkshire Insurance Company
Limited, CGU Insurance plc, The
Northern Assurance Company
Limited, Norwich Union Life &
Pensions Limited, Norwich Union
Annuity Limited
Norwich Union Life &
Pensions Limited,
Commercial Union Life
Assurance Company
Limited, Norwich Union
Annuity Limited
N/A
2004
12 October
Financial Assurance Company
Limited
Financial New Life
Company Limited
N/A
2004
4 October
ACE Insurance SA-NV
ACE European Group
Limited
N/A
2004
23 August
The Health Scheme
BHSF Limited
N/A
2004
24 June
Criterion Life Assurance Limited
Reliance Mutual Insurance
Society Limited
N/A
2004
17 May
Pearl Assurance plc, Prudential
Assurance Company Limited
Aviation & General
Insurance Company
Limited
N/A
2004
29 March
Royal & Sun Alliance Insurance plc
PMI Mortgage Insurance
Company Limited
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
26
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2004
22 March
Stockholm Reinsurance Company
(UK) Limited
WASA International
Insurance Company
Limited
N/A
2004
17 March
Century Life Assurance Company
Limited
Century Life plc
N/A
2004
12 March
Everest Reinsurance Company
Everest Reinsurance
(Bermuda) Ltd
N/A
2004
20 February
The Customs Annuity and
Benevolent Fund Incorporated
The National Deposit
Friendly Society Limited
N/A
2003
18 December
American Re-Insurance Company
Münchener
RückversicherungsGesellschaft
Aktiengesellchaft in
München
N/A
2003
15 December
Lakewood Insurance Company
Limited
RiverStone Insurance (UK)
Limited
N/A
2003
9 December
Northern Assurance Company
Limited
Condor Allgemeine
VersicherungsAktiengesellschaft
N/A
2003
21 November
AXA Direct Insurance Limited, Orion
Personal Insurances Limited,
Guardian Health Limited, The State
Assurance Company Limited,
Guardian Insurance Limited,
Guardian Eastern Insurance
Company Limited, The Royal
Exchange Assurance, British
Equitable Assurance Company
Limited, Atlas Assurance Company
Limited
AXA Insurance UK plc
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
27
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
Year
Sanction Date
Transferor(s)
Transferee(s)
Website Link (if applicable)
2003
2 October
Alliance & Leicester Life Assurance
Company Limited
Legal & General Assurance
Society Limited
N/A
2003
2 October
CNA Insurance Company (Europe)
Limited
CNA Insurance Company
Limited
N/A
2003
12 September
Barclays Life Assurance Company
Limited
Woolwich Life Assurance
Company Limited
N/A
2003
28 July
Ecclesiastical Insurance Office plc
Allchurches Life Assurance
Limited
N/A
2003
26 June
Sun Life Assurance Company of
Canada (UK) Limited
Unum Limited
N/A
2003
15 May
CGU International Insurance plc
Victoria-Seguros S.A.
N/A
2002
19 December
ORG Re (UK) Limited
Riverstone Insurance (UK)
Limited
N/A
2002
23 October
WASA International (U.K.) Insurance
Company Limited, AGF Insurance
Limited
WASA International
Insurance Company
N/A
2002
30 August
Royal International Insurance
Holdings Limited
Direct line Insurance
S.p.A.
N/A
www.sidley.com/partvii
SIDLEY AUSTIN LLP
28