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THE WORLD MARINE & GENERAL, R&Q ETA AND QBE UK PART VII TRANSFER

The World Marine & General Insurance PLC, QBE UK Limited and R&Q Eta Company Ltd to Inceptum Insurance Company Limited – Part VII Transfer
The World Marine & General Insurance PLC (“WMG”), R&Q Eta Company Ltd (“Eta”) and QBE UK Limited (“QBEUK”) are proposing to transfer to Inceptum Insurance Company Limited (“Inceptum”) all of the general insurance business of WMG and Eta and part of the general insurance business of QBEUK Limited by means of an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000.

 

The Part VII Transfer Process
The proposed transfer will be effected by means of an insurance business transfer scheme ("Part VII Transfer" or "Scheme") under Part VII of the UK Financial Services and Markets Act 2000 ("FSMA") and is conditional upon an order of the High Court of England and Wales (the "Court") pursuant to section 111(1) of FSMA sanctioning the Scheme.
The Court will hear the application for the order sanctioning (i.e. approving) the Transfer on 25 November 2022 at The Rolls Building, Fetter Lane, London, EC4A 1NL, United Kingdom. If approved, it is expected to take effect on 02 December 2022.

 

Documents relating to the transfer
Please refer to the attached documents for further information:

 

Contacting us
If you have any further questions, or if you think you may be adversely affected by or object to the proposal, you may contact us by:
  • telephoning +44 (0)20 7977 0892 from Monday to Friday during usual business hours (09.00 to 17.00);
  • emailing businesstransfers@rqih.com (Ref: Fusion Part VII); or
  • writing to Randall & Quilter Investment Holdings Ltd., 71 Fenchurch Street, London EC3M 4BS (Ref: Jacqui Rayner).