IRLA Members Breakfast Briefing – An end to Part VII transfers? – VIDEO

Target Audience
All legal and financial staff who are involved in the negotiation and implementation of finality solutions within the insurance and reinsurance market should attend this session to hear about the recent case of Prudential Insurance Company and Rothesay, where the Court appeared to be swayed by the objections of policyholders to the Part VII transfer of PAC’s annuity business to Rothesay and took the unusual step of exercising its discretion to block the transaction, despite the approval of the regulators and the independent expert.

Learning Objectives
The session will begin by looking at the general principles to be taken into account by the courts when assessing proposed Part VII transfers and will then explain the reasoning behind the decision in the PAC and Rothesay case and discuss the implications this has for the legacy market in particular. Our speaker will then explore possible practical steps to be taken by companies considering a Part VII transfer taking into account the points made in the judgement.

Event Type:
Start Date:
1.25 hours
1 America Square, 17 Crosswall, London EC3N 2LB
Carol-Ann Burton, Partner - Holman Fenwick Willan LLP
Up to 1,25 hours
Irla Members Cost:
Free of charge
Non Irla Members Cost:
£30 incl' VAT
Event location:

Event starts in...

Latest News

A hole in one!

Gary Crowley of Compre, got a hole in one on the third hole.  Traditionally, this player would buy a round of drinks, however, Gary has donated £150 instead to IRLAs 2022 charity the NAS (National Autistic Society). Thank you......More
IRLA Golf day result

Davies First Team – again. Pictured is left to right – Andy Gregory, Steve Goate being presented with the Dave Scasbrook Memorial Cup, (sponsored by Swiss Re) by Josh Scasbrook, along with Doug Barker and Danny Grainger. Congratulations go to......More