Tuesday 21 May 2019
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Notice of transfer of Zurich Assurance Ltd long-term insurance business

Description

Notice is hereby given pursuant to Article 27 and paragraph 4(a) of Schedule 2 of the Insurance Business (Jersey) Law 1996 that:

  1. Zurich Assurance Ltd (ZAL) and Scottish Widows Limited (SWL) intend to apply to the Royal Court of Jersey (the "Court") for the sanction pursuant to Article 27 of the Insurance Business (Jersey) Law 1996 by the Royal Court of Jersey of a scheme (the "Scheme") under which the whole of the long term insurance business of ZAL conducted in or from within Jersey is to be transferred from ZAL to SWL
  2. Copies of the following are are currently available for inspection (free of charge) at all reasonable times at the offices of Collas Crill at the address given below up to and including the date of the court hearing. In addition, copies of the Report may be obtained free of charge by contacting ZAL or SWL (as appropriate) using the relevant telephone number or address set out below:
    1. representation to the Court
    2. report of an independent actuary in support of the scheme (the "Report")
  3. The application to sanction the Scheme is due to be heard by the Royal Court of Jersey at The Royal Court House, Royal Square, St Helier, Jersey on Thursday 20 June 2019 at 9am
  4. Any person (including any employee of ZAL or SWL) who alleges that he would be  adversely affected by the carrying out of the Scheme is entitled to be heard by the Royal Court of Jersey. If you intend to appear at the hearing before the Royal Court of Jersey, you are requested to give notice in writing as soon as possible and preferably before Monday 3 June 2019, of such intention or objection and the reasons therefor, to Collas Crill marked for the attention of David Walters at the address given below

Advocates to ZAL and SWL
Collas Crill, Gaspé House, 66-72 Esplanade, St Helier, Jersey, JE1 4XD

Email Zurich Assurance Ltd

Telephone: +44 (0) 800 678 3515

Address: Zurich Corporate Savings, PO Box 1308, Cheltenham, GL50 9BY

Email Scottish Widows

Telephone: +44 (0) 800 678 3515

Address: Scottish Widows, PO Box 1315, The Grange, Cheltenham, GL50 9DL

 

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