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Lloyd’s Part VII Transfer
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Insurance Company S.A. in Belgium (Lloyd's Brussels) on 30th December 2020 as a result of the UK leaving the EU. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer in respect of the transferred policies.
Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at https://www.lloyds.com/brexittransfer.
Tokio Marine Europe Part VII Transfer
Tokio Marine Group announced that it has received approval from the High Court of England and Wales to complete the Part VII process of transferring the existing portfolio of policies written out of Continental European operations to its newly established insurance company subsidiary, Tokio Marine Europe S.A. (TME), in preparation for the UK’s exit from the European Union (EU). Click here for the full press release.
On this page you can find all the relevant legal documents about the Part VII transfer of business process, labelled in a range of local languages.
Independent Expert’s report (English only)