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Part VII Transfers Pursuant to the UK Financial Services and Markets Act 2000

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Part VII Transfers Pursuant to the UK Financial Services and Markets Act 2000 PART VII TRANSFERS EFFECTED PURSUANT TO THE UK FINANCIAL SERVICES AND MARKETS ACT 2000 www.sidley.com/partvii 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: Martin Membery at [email protected] or telephone + 44 (0) 20 7360 3614. If you would like details of a Part VII transfer added to this website, please email Martin Membery at the address above. 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 1 UNITED KINGDOM PROPOSED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 4 SEPTEMBER, 2020 Year Proposed Sanction Date Transferor(s) Transferee(s) Website Link (if applicable) 2020 4 December TT Club Mutual Insurance TT Club Bv https://www.ttclub.com/ Limited 2020 2 December Steamship Mutual Underwriting Steamship Mutual Underwriting http://www.steamshipmutual.com/About- Association Limited Association (Europe) Limited Us/restructure.htm. 2020 18 November The Society of Lloyd’s Lloyd’s Insurance Company S.A. www.lloyds.com/brexittransfer 2020 12 November Starr International (Europe) Starr Europe International Limited http://www.starrcompanies.co.uk/PartVII- Limited Transfer 2020 26 October AMT Mortgage Insurance Limited AmTrust International Underwriters https://amtrustfinancial.com/amtrustinter DAC national/legal/portfolio-transfers 2020 21 October QBE UK Limited QBE Europe SA/NV https://qbeeurope.com/ 2020 20 October Assurant General Insurance Assurant Europe Insurance N.V www.assurant.co.uk/transfer Limited London General Insurance Limited 2020 20 October Assurant Life Limited Assurant Europe Life Insurance www.assurant.co.uk/transfer N.V London General Life Company Limited 2020 25 September Assured Guaranty (Europe) Plc Assured Guaranty Europe SA http://assuredguaranty.com/static/brexit WWW.SIDLEY.COM/PARTVII SIDLEY AUSTIN LLP 2 UNITED KINGDOM SANCTIONED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 4 SEPTEMBER, 2020 Year Sanction Date Transferor(s) Transferee(s) Website Link (if applicable) 2020 20 August Legal and General Assurance Reassure Limited legalandgeneral.com/policytransfer Society Limited reassure.co.uk/LGAS-transfer 2020 31 July Rothesay Life Plc Monument Life Insurance DAC https://www.rothesaylife.com/transfer- monument/ 2020 29 July AmTrust Europe Limited AmTrust Assicurazioni s.p.a. https://amtrustfinancial.com/amtrustint ernational/legal/portfolio-transfers 2020 28 July Das Legal Expenses Insurance Arag Allgemeine Versicherungs-Ag https://www.das.co.uk/arag-transfer Company Limited 2020 28 July Amtrust International AmTrust Assicurazioni s.p.a. https://amtrustfinancial.com/amtrustint Underwriters Designated Activity ernational/legal/portfolio-transfers Company 2020 16 June Sunderland Marine Insurance The North of England Protecting and https://www.sunderlandmarine.com/sm Company Limited Indemnity Association Limited i-part-vii-transfer/ 2020 21 April First Title Insurance Plc First European Title Insurance https://www.firsttitle.co.uk/ Company Limited 2020 16 March Ageas Insurance Limited Riverstone Insurance (UK) Limited N/A 2020 3 March SCOR UK Company Limited R&Q Gamma Company Limited http://www.rqih.com/news/anglo- french-part-vii-transfer 2020 31 January Aioi Nissay Dowa Insurance Riverstone Insurance (UK) Limited N/A Company Limited WWW.SIDLEY.COM/PARTVII SIDLEY AUSTIN LLP 3 UNITED KINGDOM SANCTIONED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 4 SEPTEMBER, 2020 Year Sanction Date Transferor(s) Transferee(s) Website Link (if applicable) 2019 18 December MGM Advantage Life Limited Canada Life Limited https://www.canadalife.co.uk/part-vii- transfer 2019 4 December The Equitable Life Assurance Utmost Life and Pensions Limited www.equitable.co.uk Society Scottish Friendly Assurance Society https://www.canadalife.co.uk/scottish- 2019 22 October Canada Life Limited Limited friendly-transfer Scottish Boatowners’ Mutual 2019 17 June TT Club Mutual Insurance Limited www.ttclub.com Insurance Association The Royal Sun Alliance Insurance Plc Mercantile Indemnity Company 2019 13 June www.rsagroup.com/RSATransfers The Marine Insurance Company Limited Limited www.scottishwidows.co.uk/swtransfer 2019 12 June Zurich Assurance Limited Scottish Widows Limited 2019 www.zurich.co.uk/transfer Markel International Insurance 2019 28 March Markel Insurance Societas Europaea Company Limited Fidelis Risk Ireland Designated https://www.fidelisinsurance.com/ptvii- 2019 27 March Fidelis Underwriting Limited Activity Company transfer/ Standard Life International 2019 19 March Standard Life Assurance Limited https://en.standardlife.eu/ Designated Activity Company https://www.scottishwidows.co.uk/glob 2019 18 March Scottish Widows Limited Scottish Widows Europe S.A. al/transfer2019 WWW.SIDLEY.COM/PARTVII SIDLEY AUSTIN LLP 4 UNITED KINGDOM SANCTIONED PART VII FSMA INSURANCE BUSINESS TRANSFER SCHEMES AS AT 4 SEPTEMBER, 2020 Year Sanction Date Transferor(s) Transferee(s) Website Link (if applicable) Friends First Life Assurance Friends First Life Assurance Company 2019 20 February Aviva Life & Pensions UK Limited Company Designated Activity Designated Activity Company Company The Royal London Mutual Royal London Financial Services https://www.royallondon.com/transfer/ 2019 5 February Insurance Society Limited Designated Activity Company https://www.royallondon.ie/transfer/ 2018 21 December QBE Insurance (Europe) Limited QBE Europe SA/NV https://qbeeurope.com/ QBE Re (Europe) Limited 2018 18 December Abbey Life Assurance Company Phoenix Life Limited www.abbeylife.co.uk/FM18 Limited www.phoenixlife.co.uk/FM18 2018 17 December Admiral Insurance Company Admiral Europe Compañía de https://admiralgroup.co.uk/our- Limited Seguros business/corporate- governance/european-business- transfer-2018 2018 14 December Hiscox Insurance Company Hiscox S.A. https://www.hiscoxgroup.com/about- Limited hiscox/partvii 2018 12 December Financial Insurance Company AXA France IARD https://en.clp.partners.axa/portfolio- Limited transfer
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