Edited by Dewi James and Barbara Hadley with contributions from Derek Austin and Tom Rennell
>> New regulations and processes following the establishment of PRA and FCA
>> Impact of Europe’s Solvency II regulations
>> Breakdown and analysis of more than 250 transfers
>> Analysis of policy holder objections being considered in EEA courts
Plus, everything you need to know to guide you and your company through the entire Part VII process from start to finish.
With insights from market experts Dewi James, Nick Miles and Steve Goodlud, the Iskaboo Guide to Part VII Transfers is a unique practitioners guide to Europe’s most popular legal mechanism for exiting or restructuring business portfolios.
Since 2002, the number of transfers has risen dramatically with more than 250 approved applications involving thousands of companies.
Following the implementation of the European Solvency II regulations in 2016, the increasing popularity of Part VIIs received yet another significant boost.
Written by practitioners, for practitioners, Part VII transfers: the Guide offers a step-by-step guide on how to implement this complicated but crucial mechanism along with in-depth analysis of the potential risks and pitfalls.
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Chapter 1 What is an insurance business transfer scheme?
Chapter 2 Uses of insurance business transfers
Chapter 3 Background legislation – what business may be transferred?
Chapter 5 What does the court order cover?
Chapter 6 The Independent Expert
Chapter 7 The PRA, FCA and other EEA regulators
Chapter 8 Notification
Chapter 9 Practical considerations and implementation issues
Chapter 10 Decision of the court
Appendix I. Sanctioned Part VII transfers to 31/12/2015
Appendix II. Case study – Provident/MMA
Appendix III. Case study – Hartford/Excess
Appendix IV. Case study – Faraday
Appendix V. Case study – Royal London
Appendix VI. Extract from the FCA Handbook, SUP 18.2
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