NOTICE OF TRANSFER OF GENERAL BUSINESS (pursuant to Section 25E)
INSURANCE COMPANIES ORDINANCE
(CAP. 41 OF THE LAWS OF HONG KONG)
NOTICE OF TRANSFER OF GENERAL BUSINESS
(pursuant to Section 25E)
Pursuant to section 25D(9) of the Insurance Companies Ordinance, the Insurance Authority of Hong Kong has on 13 February 2015 given approval to the transfer from The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (the "Transferor") to The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited (the "Transferee") of all its rights and obligations under such general policies, or general policies of such descriptions included in the proposed transfer referred to in the notice published by the Transferor in the Gazette on 28 November 2014 ("Approved Transfer") to take effect as of 12:00 noon (Greenwich Mean Time) on 20 February 2015 (“Effective Date”).
NOTICE IS HEREBY GIVEN that the Transferor and the Transferee have executed an instrument of transfer on 20 February 2015 whereby the Approved Transfer has been given effect on and from the Effective Date.
Dated this 6 March 2015.
The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited
Suites 1201-1204, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong
Please see http://www.ukpandi.com/about-the-club/club-restructure/ for more information.