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The directors of Bothnia International Insurance Company Limited (“Bothnia”) and the directors of PartnerRe Ireland Insurance DAC (“PartnerRe”) each propose to transfer a non-life insurance and reinsurance portfolio of professional indemnity, medical malpractice, commercial directors and officers and miscellaneous financial lines business from PartnerRe to Bothnia. The proposed transfer will be ordered pursuant to the Assurance Companies Act 1909, the Insurance Act, 1989 and the European Union (Insurance and Reinsurance) Regulations 2015. The transferring business will include the transferring policies, contracts, assets and liabilities of PartnerRe and is conditional upon an Order of the High Court of Ireland.
On 22 June 2020, this matter was entered into the Commercial List by the High Court of Ireland and the hearing of the Petition took place on 12 October 2020, at the Four Courts, Dublin 7, at 14:30.
The directors of Bothnia and PartnerRe are pleased to advise that the Order was granted by the High Court of Ireland on 12 October 2020 and a copy of the Order is attached to this webpage for your information.
The Petition, Order and the annexing Schedules (including the Scheme) and the Independent Actuary Reports are also attached to this webpage and you may request free copies of the documents by contacting Caroline Hobbs of Compre Services (UK) Limited at email@example.com. Alternatively, you can telephone on +44 (0) 203 551 6524 from Monday to Friday during usual business hours.