Publication Date: Friday, 31 March 2006
Notice Code: 2614
Petitions to Transfer Business
In the High Court of Justice
Chancery Division
Companies CourtClaim No. 2029 of 2006
In the Matter of
ROYAL & SUN ALLIANCE INSURANCE PLC
-and-
In the Matter of
GROUPAMA INSURANCE COMPANY LIMITED
-and-
In the Matter of
THE FINANCIAL SERVICES AND MARKETS ACT 2000
Notice is hereby given that an application was on 21 March 2006 presented to Her Majesty’s High Court of Justice by Royal & Sun Alliance Insurance plc (R&SA) and Groupama Insurance Company Limited (Groupama) for an order under section 111 of the Financial Services and Markets Act 2000 sanctioning a scheme (the Scheme) for the transfer by R&SA to Groupama of certain creditor insurance business.
Copies of the Scheme, a report in accordance with section 109 of the said Act on the terms of the Scheme by Dr Lis Gibson of Deloitte & Touche and a statement (the Summary) setting out a summary of the terms of the Scheme and a summary of the report may be obtained by any person free of charge on application to Peter Smith of FirstAssist Insurance Services Limited (FirstAssist), contactable on 0845 702 3426 or at peter.x.smith@firstassist.co.uk or at Marshall’s Court, Marshall’s Road, Sutton, Surrey SM1 4DU at any time until the making of an order sanctioning the Scheme. Dr Lis Gibson, whose appointment was approved by the Financial Services Authority, is the independent expert in respect of the Scheme and her report considers its impact upon policyholders.
The proposed transfer will result in the policies which transfer under the Scheme being underwritten by Groupama. The proposed transfer will secure the continuation by or against Groupama of any legal proceedings by or against R&SA that relate to rights or obligations in respect of the Transferred Policies, as defined in the Scheme. All claims being dealt with before the transfer by FirstAssist for R&SA will, following the proposed transfer, be dealt with by Groupama. All claims arising after the proposed transfer will be dealt with by Groupama.
Copies of the Summary may also be viewed at the offices of FirstAssist at the address set out above and on the following website until the making of such an order:
www.firstassist.co.uk
The application is directed to be heard before the Companies Court Judge at the Royal Courts of Justice, Strand, London WC2A 2LL on 17 May 2006. Any person who believes that he/she would be adversely affected by the carrying out of the Scheme may appear at the hearing in person or by counsel or solicitor advocate. Any person who intends so to appear, and any person who dissents from the Scheme but does not intend so to appear, is requested to give notice in writing of such dissent or intention and the reasons therefor to Peter Smith of FirstAssist at the address set out above or at peter.x.smith@firstassist.co.uk not less than two clear days before the hearing.
31 March 2006.
(2614/296)
Last updated April 21 2011, 8.09AM (about 2 years ago)