Petitions to Transfer Business
IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
COMPANIES COURT (ChD)
CR-2019-006383
IN THE MATTER OF STARR INTERNATIONAL (EUROPE) LIMITED
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IN THE MATTER OF STARR EUROPE INSURANCE LIMITED
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IN THE MATTER OF
PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
Notice is hereby given that on 27 July 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 (ChD) in London by Starr International (Europe) Limited (the Transferor) and Starr Europe Insurance Limited (the Transferee), for orders:
(1) under section 111 of the Act sanctioning a scheme (the Scheme) providing for the transfer to the Transferee of all of its general insurance business which relates (in whole or in part) to a risk or risks situated in the European Economic Area (EEA) and all of its general reinsurance business which relates to a risk or risks situated in Germany; and
(2) making ancillary provisions in connection with the Scheme pursuant to sections 112 and 112A of the Act.
A copy of the report on the terms of the Scheme prepared in accordance with section 109 of the Act by an Independent Expert (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 the Transferor and the Transferee using the telephone number or addresses set out below. These documents and other related documents, including sample copies of the communications to policyholders, are also available at http://www.starrcompanies.co.uk/PartVII-Transfer. This website will be updated for any key changes to the proposed transfer.
Any questions or concerns relating to the proposed Scheme should be referred to the Transferor and Transferee by email to PartVIIenquiries@starrcompanies.com, by telephone at +44 8081290243 (which will be available between 7:00 a.m. to 10:00 p.m. Monday to Friday, 8:00 a.m. to 10:00 p.m. on Saturdays and 9 a.m. to 7:00 p.m. on Sundays (in each case, London time). Callers outside of these hours will be able to leave a message and request that their call is returned), or in writing at Part VII Enquiries, Starr Companies UK, 4th Floor, 30 Fenchurch Avenue, London EC3M 5AD.
If you have a policy with the Transferor and/or the Transferee please quote your policy number in any correspondence. This can be found on your policy documentation or related correspondence.
The Application is due to be heard at the High Court of Justice of England and Wales, 7 Rolls Buildings, Fetter Lane, London, EC4A 1NL, United Kingdom on 12 November 2020. Any person who thinks that he or she would be adversely affected by the carrying out of the Scheme, or objects to the Scheme, may attend the hearing and express their views, either in person or by representative. It is requested that anyone intending to do so informs the Transferor and the Transferee (using the contact details set out above) as soon as possible and preferably before 5 November 2020 to set out the nature of their objection. This will enable the Transferor and the Transferee to provide notification of any changes to the hearing and, where possible, to address any concerns raised in advance of the hearing.
In light of current government guidelines regarding Covid-19, please note that it is possible that the hearing may take place remotely via a teleconferencing service. It is requested if you intend on attending the hearing (whether in person or via your representative), you inform the Transferor and the Transferee (using the contact details set out above) as soon as possible and preferably before 5 November 2020. This will enable the Transferor and the Transferee to provide any details necessary to attend the hearing if it is to be held remotely.
Any person who objects to, or considers they may be adversely affected by, the Scheme but does not intend to attend the hearing may make representations about the Scheme by giving written notice of such representations to the Transferor and the Transferee at the address provided above or by calling the telephone numbers provided above, in each case as soon as possible and preferably before 5 November 2020. All representations will be provided to the High Court at the hearing.
The Transferor and the Transferee will inform the UK’s Financial Conduct Authority and Prudential Regulation Authority of any objections raised in advance of the hearing, regardless of whether the person making the objection intends to attend the hearing.
7 August 2020
Norton Rose Fulbright LLP, 3 More London Riverside, London, SE1 2AQ, United Kingdom
Solicitors acting for Starr International (Europe) Limited and Starr Europe Insurance Limited
Ref: DJXW/1001086004
