Aviva Publication of Transfer
17th August 2011
Aviva is proposing to consolidate its UK Non-Life Insurance business by transferring it into one main company, Aviva Insurance Limited. At the same time it is proposing to consolidate its run-off London Market and Global Risks business into a separate company, The Ocean Marine Insurance Company Limited. Aviva has already made an application to the Courts in England, Scotland and Jersey to seek an order approving the Transfers under Part VII of the Financial Services and Markets Act 2000 (“FSMA”) and the equivalent Jersey legislation. Aviva notes that the Transfers will not affect how the business is managed, or the handling of any policy or claim. For further information please go to www.avivatransfer.co.uk.
Click here to view the proposed Notice of Transfer.