Transfer of business from  UKE to UKNV

The United Kingdom Mutual Steam Ship Assurance Association (Europe) Ltd (UKE) proposes to transfer to UK P&I Club NV (‘UKNV’) (a Dutch entity) all of its insurance and reinsurance business relating to policies insured by UKE where (i) any vessel the flag state of which is noted in the relevant policy as being an EEA state (other than the UK) and/or (ii) the relevant state of establishment of the policyholder is an EEA state (other than the UK) (‘European Business’) (‘Transfer’).

The Transfer is governed by a process under Part VII of the Financial Service UK Markets 2000 that enables insurance and reinsurance policies to be transferred between insurance entities. The Transfer will be effected by a scheme document, subject to approval by the High Court of Justice in England.

Downloads

  • Independent Expert Scheme Report (236 KB)

    20/08/2020

    Download PDF
  • Independent Expert Report Summary (138 KB)

    20/08/2020

    Download PDF
  • Summary & Scheme Document (188 KB)

    20/08/2020

    Download PDF
  • UKE transfer to UKNV - Q&A (221 KB)

    27/08/2020

    Download PDF

Transfer of business from UKL to UKE

Transfer of The United Kingdom Mutual Steam Ship Assurance Association (London) Limited ('UKL') to The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited ('UKE').

The Transfer is governed by a process under Part VII of the Financial Service UK Markets 2000 that enables insurance and reinsurance policies to be transferred between insurance entities. The Transfer will be effected by a scheme document, subject to approval by the High Court of Justice in England.

Downloads

  • UKL Scheme Summary and Independent Report Summary (134 KB)

    27/08/2020

    Download PDF
  • UKL Independent Expert Scheme Report (285 KB)

    20/08/2020

    Download PDF
  • Summary & Scheme Document UKL (165 KB)

    20/08/2020

    Download PDF
  • UKL Transfer Q&A (213 KB)

    27/08/2020

    Download PDF