SCOR UK Company Limited is proposing a Part VII business transfer scheme to transfer responsibility of business written by Anglo French Insurance Company Limited to R&Q Gamma Company Limited. Anglo French only underwrote between 1958 and 1969 and has been in run-off since; the transfer would include all Anglo French policies. R&Q has already assumed claims-handling responsibilities, so the transfer would not change who is managing claims against Anglo French policies. A hearing is scheduled March 3, 2020 and the scheme, if approved, is expected to take effect on March 5, 2020. For more information, please read here.
Ageas Insurance Limited is proposing a Part VII business transfer scheme of arrangement to transfer responsibility for certain policies written by its predecessors to RiverStone Insurance (UK) Limited. The transferring business was primarily written under the names Bishopsgate Insurance Company Limited, Bishopsgate Insurance plc, or Bishopsgate Insurance Limited. The proposed transfer also includes the business of Northern Star Insurance Company Limited. A hearing is scheduled for March 16, 2020 and the scheme, if approved, is expected to take effect on April 1, 2020. For more information, please read here.
Never miss a post. Get Risky Business tips and insights delivered right to your inbox.
Nick Sochurek has extensive experience in leading complex insurance policy reviews and analysis for a variety of corporate policyholders using relational database technology.Learn More About Nicholas