IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES COMPANIES COURT (ChD)
IN THE MATTER OF SUNDERLAND MARINE INSURANCE COMPANY LIMITED
and
IN THE MATTER OF THE NORTH OF ENGLAND PROTECTING AND INDEMNITY ASSOCIATION LIMITED
and
IN THE MATTER OF PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
NOTICE
CR-2020-000459
NOTICE IS HEREBY GIVEN that on 25 February 2020 an Application was made under section 107 of the Financial Services and Markets Act 2000 (the Act) in the High Court of Justice, Business and Property Courts of England and Wales, Companies Court (ChD) in London by Sunderland Marine Insurance Company Limited (SMI) and The North of England Protecting and Indemnity Association Limited (NOE), for Orders:
(1) under section 111 of the Act sanctioning a scheme (the Scheme) providing for the transfer to NOE of the entire insurance and reinsurance business carried on by SMI; and
(2) making ancillary provisions in connection with the Scheme pursuant to sections 112 and 112A of the Act.
A copy of the report on the terms of the Scheme prepared in accordance with section 109 of the Act by an Independent Expert (the Scheme Report), a statement setting out the terms of the Scheme and a summary of the Scheme Report, and the Scheme document may be obtained free of charge by contacting SMI and NOE using the telephone number or address set out below. These documents and other related documents, including sample copies of the communications to policyholders, are also available at www.nepia.com
and www.sunderlandmarine.com. Both websites will be updated for any key changes to the proposed transfer.
Any questions or concerns relating to the proposed Scheme should be referred by email to ged.mcternan@nepia.com, by telephone at +44 (0)191 232 5221, or in writing to The North of England Protecting and Indemnity Association Limited, The Quayside, Newcastle Upon Tyne, NE1 3DU, United Kingdom. If you have a policy with SMI and/or NOE, please quote your policy number in any correspondence. This can be found on your policy documentation or related correspondence.
The Application is due to be heard at the High Court of Justice of England and Wales, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, United Kingdom on 16 June 2020. Any person who thinks that he or she would be adversely affected by the carrying out of the Scheme, or objects to the Scheme, may attend the hearing and express their views, either in person or by representative. It is requested that anyone intending to do so informs SMI or NOE, at the address provided above, in writing as soon as possible and preferably before 9 June 2020 to set out the nature of their objection. This will enable SMI and NOE to provide notification of any changes to the hearing and, where possible, to address any concerns raised in advance of the hearing.
Any person who objects to, or considers they may be adversely affected by, the Scheme but does not intend to attend the hearing may make representations about the Scheme by giving written notice of such representations to the parties at the address provided above or by calling the dedicated telephone number provided above, in each case as soon as possible and preferably before 9 June 2020. SMI and NOE will inform the UK’s Financial Conduct Authority and Prudential Regulation Authority of any objections raised in advance of the hearing, regardless of whether the person making the objection intends to attend the hearing.
12 March 2020
Norton Rose Fulbright LLP,
3 More London Riverside, London, SE1 2AQ, United Kingdom
Solicitors acting for SMI and NOE
Ref: MAR/MJFF/1000050627
