Saughter and May advised Zurich Insurance Company Ltd (“Zurich”) on the transfer of a portfolio of pre-2007 legacy employers’ liability policies to Catalina Worthing Insurance Limited by way of an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000 (the “UK Scheme”). The transfer also consists of a transfer of policies relating to business carried on in Jersey pursuant to a separate scheme under the Insurance Business (Jersey) Law 1996 (the “Jersey Scheme”).
The UK Scheme and the Jersey Scheme were sanctioned respectively by the High Court on 25 March 2026 and by the Royal Court of Jersey on 27 March 2026, and both took effect on 31 March 2026.
Saughter and May worked closely with Zurich’s legal team throughout, including Stephen Wylie and Michelle Ho, and with Mourant Ozannes (Jersey) LLP in relation to the Jersey Scheme.
Nik Dzhambov / Trainee, Jessica Kodilinye / Trainee