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Bermuda Supreme Court order to approve UK Club restructure
On the 9th November the Supreme Court in Bermuda also sanctioned the transfer of UK Club (Bermuda)’s business to UK Club (Europe). UK Club (Bermuda) will become the reinsurer of UK Europe and continue to be the holding company controlled by its members. The new structure will take effect from February 2013 and does not impact members in the 2012 policy year.