Event

IRLA Briefing – An end to Part VII transfers?

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:
Training
Start Date:
16/12/2019
Time:
15:45
Duration:
1.25 hours
Venue:
RiverStone Management Limited, No. 2 Minster Court, Mincing Lane, London EC3R 7BB
Organiser:
AMS for IRLA
Speaker:
Carol-Ann Burton, Partner - Holman Fenwick Willan LLP
CPD/CPE:
Up to 1,25 hours
Irla Members Cost:
Free of charge
Non Irla Members Cost:
£30 incl' VAT
Other information:

Please contact secretariat to be put on the wait list

Event location:

Event starts in...

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