UK Insurance Ltd, Re [2026] EWHC 796 (Ch) (25 February 2026)
The scheme is reasonable, has no material adverse effect on any policyholder, all statutory and notification requirements have been met, regulators do not object, and ancillary orders are within jurisdiction; therefore, the court sanctions the scheme.
- Citation
- [2026] EWHC 796 (Ch)
- Parties
- Transferor: UK Insurance Limited; Transferee: Intact Insurance Limited
- Jurisdiction
- England and Wales
- Judgment Date
- 25 February 2026
- Procedural Posture
- Insurance Business Transfer Scheme (part VII Fsma) / Sanction Hearing and Final Order
- Outcome
- Scheme sanctioned
- Legal Topics
- Insurance Business Transfer, FSMA Part VII Scheme, Regulatory Approval, Ancillary Orders, Policyholder Protection
Case Brief
Summary, issues, holding and outcome
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Parties
UK Insurance Limited
Transferor
Intact Insurance Limited
Transferee
Procedural Posture
Insurance Business Transfer Scheme (part VII Fsma) / Sanction Hearing and Final Order
Legal Issues
- 1 Whether the court should sanction the transfer of insurance business under s.111(1) FSMA
- 2 Whether all statutory preconditions and notification requirements have been satisfied
- 3 Whether the scheme adversely affects policyholders or other stakeholders
Ratio Decidendi
The scheme is reasonable, has no material adverse effect on any policyholder, all statutory and notification requirements have been met, regulators do not object, and ancillary orders are within jurisdiction; therefore, the court sanctions the scheme.
Court Disposition
Scheme sanctioned
Orders
- Sanction of the insurance business transfer scheme under s.111 FSMA
- Ancillary orders under s.112 FSMA as set out in the draft order
Full Case Text
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