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Notice of transfer of certain long term insurance business

Published byOther
Date published
03 August 2021

In The Royal Court Of The Island Of Jersey (Samedi Division) between The Prudential Assurance Company Limited (First Representor) and Rothesay Life Plc (Second Representor).

This Notice is hereby given pursuant to paragraph 4(a) of Schedule 2 to the Insurance Business (Jersey) Law 1996 that:

1. On 30 January 2019 the Representors together issued a Representation seeking an Order of the Royal Court of Jersey sanctioning a scheme (the Scheme) under which certain long term insurance business carried on in or from within Jersey by the First Representor is to be transferred to the Second Representor.
 
2. The Representors have made copies of:
(a) the said Representation; and
(b) the report of an independent actuary (the Report)
 
available for inspection (or for collection free of charge) at all reasonable times at the offices of Mourant Ozannes (Jersey) LLP at the address given below up to and including the date of the court hearing. Due to Covid-19 restrictions, please contact Mourant Ozannes (Jersey) LLP on 01534 676000 in order to arrange an appointment if you wish to inspect or collect copies of the above documents.
 
In addition, copies of the Report can be obtained free of charge from The Prudential Assurance Company Limited, online at pru.co.uk/annuitytransfer, by secure email from pru.co.uk/prumail, by writing to Rothesay Transfer, Prudential, PO Box 3122, Lancing BN15 5DA, by telephone on 0800 640 9164 (or +44 203 755 9194 if calling from outside the UK), and by email on annuitytransfer@prudential.co.uk, and from Rothesay Life Plc online at www.rothesay.com/prudential-transaction, or by telephone on +44(0) 207 770 5300 until the date on which the Court sanctions the Scheme.
 
3. The application to sanction the Scheme is due to be heard by the Royal Court at the Royal Court House, Royal Square, St Helier, Jersey on 26 November 2021 at 9am.
 
4. Any person (including any employee of any of the Representors) who alleges that he would be adversely affected by the carrying out of the Scheme is entitled to be heard by the Royal Court of Jersey.  If you intend to appear at the hearing before the Royal Court of Jersey, you are requested to give notice of your intention to do so to Mourant Ozannes (Jersey) LLP no later than 19 November 2021, at the address given below.

Mourant Ozannes (Jersey) LLP
Advocates for the Representors
(Ref: 8038373/81014860/3)
 
Address for inspection of or from which to request copies of specified documents:
Mourant Ozannes (Jersey) LLP
22 Grenville Street
St Helier
Jersey
JE4 8PX
01534 676000


Notice of transfer of certain long term insurance business
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