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England and Wales decisions
Decisions matching the current search
Zurich Insurance Company Ltd, Re [2026] EWHC 1165 (Ch) (25 March 2026)
The High Court sanctioned a Part 7 transfer of Zurich Insurance Company Ltd’s legacy employers’ liability business to Catalina Worthing Insurance Limited.
Southern Rock Insurance Company Ltd & Anor, In the Matter Of (Re Part VII of the Financial Services and Markets Act 2000) [2025] EWHC 3539 (Ch) (28 November 2025)
The High Court sanctioned a Part VII insurance business transfer from Southern Rock to Alwyn, finding the statutory requirements met and no material adverse effect.
Aviva Protection UK Ltd & Anor, In the Matter Of [2025] EWHC 3548 (Ch) (26 November 2025)
The High Court sanctioned a Part VII FSMA insurance business transfer from Aviva Protection UK Limited to Aviva Life & Pensions UK Limited after finding no material adverse effect on policyholders.
The High Court sanctioned a Part VII insurance business transfer of Scottish Widows’ bulk purchase annuity business to Rothesay Life, finding no material adverse effect.
The scheme satisfies all statutory requirements under FSMA, including solvency, authorisation, and notification. There is no material adverse effect on customers or stakeholders, and appropriate mitigations are in place for any identified detriment. The court is satisfied that the scheme is fair and appropriate and sanctions the transfer.
Source excerpt
The scheme satisfies all statutory and regulatory preconditions, does not cause a material adverse effect to policyholders or other stakeholders, and is appropriate to sanction in all the circumstances. The court accords full weight to the Independent Expert and regulator opinions, finds no flaw in reasoning or evidence of material adverse effect, and approves both the scheme and amendments to previous schemes.
Source excerpt
The High Court sanctioned a Part VII insurance business transfer moving the UK branch of Zurich Insurance Public Limited Company to Zurich Insurance Company Ltd after Brexit.
The High Court sanctioned Lloyd’s Brexit Part VII insurance transfer scheme, allowing EEA-related policies to transfer to LIC and related reinsurance to be converted to retrocession.
The High Court sanctioned a Part VII FSMA transfer of insurance business from Legal & General Assurance Society to ReAssure, rejecting policyholder objections.
Equitable Life Assurance Society, Re Companies Act 2006 [2019] EWHC 3336 (Ch) (04 December 2019)
The High Court sanctioned Equitable Life’s scheme of arrangement and Part VII transfer to Utmost, rejecting objections about fairness, solvency, matching adjustment and expert independence.
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