Publications

PartnerRe Ireland Insurance DAC

Background

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.

Timetable

On 22 June 2020, this matter was entered into the Commercial List by the High Court of Ireland and the hearing of the Petition is scheduled for 9 October 2020, at the Four Courts, Dublin 7, at 11:15 am.

The Petition and the annexing Schedules (including the Scheme) and the Independent Actuary Report shall be available for inspection at the registered offices of PartnerRe and Bothnia, as well as the offices of Matheson, as solicitors for the petitioners. Copies of these documents are attached, however, you may request free copies of the documents on this webpage by contacting Caroline Hobbs of Compre Services (UK) Limited at caroline.hobbs@compre-group.com. Alternatively, you can telephone on +44 (0) 203 551 6524 from Monday to Friday during usual business hours.

Anyone wishing to be heard at the Hearing of the Petition is requested to notify Matheson in writing of their intention to do so no later than 5:00 pm, on Thursday 1 October 2020. If anyone wishes to oppose the Petition, they shall, at the same time, file and serve on Matheson an affidavit setting out the grounds for opposition of the Petition.