Petitions to Transfer Business
IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
COMPANIES COURT
CR-2020-001400
IN THE MATTER OF
ASSURANT LIFE LIMITED
- and-
IN THE MATTER OF
LONDON GENERAL LIFE COMPANY LIMITED
-and-
IN THE MATTER OF
ASSURANT EUROPE LIFE INSURANCE N.V.
- and -
IN THE MATTER OF PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
Notice is hereby given that on 22 June 2020 an Application was made under section 107 of the Financial Services and Markets Act 2000 (the “Act”) in the High Court of Justice, Business and Property Courts of England and Wales, Companies Court in London by Assurant Life Limited (“ALL”), London General Life Company Limited (“LGL”) and Assurant Europe Life Insurance N.V. (“AEL”) for Orders:
1. under section 111 of the Act sanctioning a scheme (the “Scheme”) providing for the transfer to AEL of certain life insurance business of each of ALL and LGL (the “Transferring Business”); and
2. making ancillary provision in connection with the Scheme pursuant to sections 112 and 112A of the Act.
Copies of the report on the terms of the Scheme prepared by an Independent Expert in accordance with section 109 of the Act (the “Scheme Report”), a statement setting out the terms of the Scheme and a summary of the Scheme Report, and the Scheme document may be obtained free of charge by contacting ALL, LGL or AEL (as appropriate) using the telephone number or the relevant address set out below. These documents, and other related documents including actuarial reports and sample copies of the communications to policyholders, are available at the website below. This website will be updated with any key changes in respect of the proposed transfer.
Any questions or concerns relating to the proposed transfer should be referred to ALL, LGL or AEL using the following telephone number or address (as appropriate):
Assurant Life Limited, Emerald Buildings, Westmere Drive, Crewe, Cheshire, United Kingdom, CW1 6UN. Telephone No: +31 (0)26 750 5790. www.assurant.co.uk/transfer
Assurant Europe Life Insurance N.V., Paasheuvelweg 1, 1105 BE Amsterdam, The Netherlands. Telephone No: +31 (0)26 750 5790. www.assurant.co.uk/transfer
London General Life Company Limited, Twenty Kingston Road, Kingston Road, Staines-Upon-Thames, Surrey, England, TW18 4LG. Telephone No: +31 (0)26 750 5790. www.assurant.co.uk/transfer
The Application is due to be heard before a Judge of the Companies Court of the Business and Property Courts of the High Court at 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, United Kingdom on 20 October 2020. Any person (including any policyholder or employee of ALL, LGL or AEL) who thinks that he or she would be adversely affected by the carrying out of the Scheme has a right to attend the hearing and express their views, either in person or by legal representative. It would be helpful if anyone intending to do so informed Pinsent Masons LLP, the solicitors acting for ALL, LGL and AEL, in writing at the address below prior to 20 October 2020, but preferably as soon as possible, setting out their reasons why they believe they would be adversely affected.
Any person who alleges that they would be adversely affected by the Scheme but does not intend to attend the hearing may make representations about the Scheme by: (i) telephoning either ALL, LGL or AEL using the telephone number above; (ii) writing to ALL, LGL or AEL at the address above (as appropriate) or (iii) writing to Pinsent Masons LLP at the address below, prior to 20 October 2020, but preferably as soon as possible, setting out their reasons why they believe they would be adversely affected.
ALL and LGL will inform the Financial Conduct Authority, the Prudential Regulation Authority and the High Court of any objections raised in advance of the hearing, regardless of whether the person making the objection intends to attend the hearing.
If there are, at the time of the hearing, restrictions in the United Kingdom on gatherings and movement of people and any person who would otherwise wish to attend the hearing and express their views (whether in person or by legal representative) is unable to do so as a result, where reasonably practicable and to the extent permitted by the High Court, it is intended that arrangements will be put in place in order to permit such persons to participate in the hearing remotely.
If the Scheme is sanctioned by the High Court, it will result in the transfer of the Transferring Business from each of ALL and LGL to AEL notwithstanding any entitlement that a person would otherwise have to terminate, modify, acquire or claim an interest or right, or to treat an interest or right as terminated or modified as a result of anything done in connection with the Scheme. Any such entitlement will only be enforceable to the extent the order of the High Court makes provision to that effect.
Dated 24 July 2020
Pinsent Masons LLP, 30 Crown Place, Earl Street, London, EC2A 4ES, United Kingdom
Ref: HA06/MB60
Solicitors acting for ALL, LGL and AEL
