www.sidley.com/partvii SIDLEY AUSTIN LLP 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.
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www.sidley.com/partvii SIDLEY AUSTIN LLP
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.
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.
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Year Sanction Date Transferor(s) Transferee(s) Website Link (if applicable)
2012 20 June Combined Insurance Company of America
1. Ace European Group Limited
2. Ace Europe Life Limited
www.combinedinsurancetransfer.com
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
www.countrywideassured.co.uk
2011 14 December SLFC Assurance (UK) Limited Sun Life Assurance Company of Canada (U.K.) Limited
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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
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Year Sanction Date Transferor(s) Transferee(s) Website Link (if applicable)
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
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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
2. Aviva Insurance Limited, Aviva International Insurance Limited, London and Edinburgh Insurance Company Limited
1. Aviva Insurance Limited
2. The Ocean Marine Insurance Company Limited
1. www.avivatransfer.co.uk
2. www.avivatransfer.co.uk
2011 5 October 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
2. Aviva Insurance Limited, Aviva International Insurance Limited, London and Edinburgh Insurance Company Limited, the World Auxiliary Insurance Corporation Limited
1. Aviva Insurance Limited
2. Ocean Marine Insurance Company Limited
1. www.avivatransfer.co.uk
2. www.avivatransfer.co.uk
2011 22 September International Insurance Company of Hannover Limited
Phoenix Life Limited 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)
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Year Sanction Date Transferor(s) Transferee(s) Website Link (if applicable)
2008 16 December
(No 8356 of 2008)
London General Insurance Company Limited
ACE European Group Limited
N/A
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
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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
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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/funds_merger06.shtml
2006 29 November English & Scottish Maritime & General Insurance Company Limited
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
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
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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
UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 5 JANUARY, 2015
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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
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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
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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
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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
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