The Iskaboo Guide to: Part VII Transfers

Edited by Dewi James and Barbara Hadley with contributions from Derek Austin and Tom Rennell*

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New and updated for 2016!

  >> New regulations and processes following the establishment of PRA and FCA

  >> Impact of Europe’s Solvency II regulations

  >> Breakdown and analysis of all transfers from 2002 to January 2016

  >> 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 all new 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 is also set to receive yet another significant boost.
Part VII transfers by law firm
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 all updated for 2016.

* The original “Part VII transfers – a practical guide” was written by Nick Miles, Dewi James and Steve Goodlud and published in 2008.

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Contents

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 4..Recognition

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

Not convinced? Feel free to contact us for more information!