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Notice of Transfer of Insurance Business In the matter of Utmost Limited (First Representor) and Quilter International Isle of Man Limited (Second Representor)”

Published byOther
TypePublic notice
Date published
23 September 2022

This Notice is given pursuant to paragraph 4(a) of Schedule 2 to the Insurance Business (Jersey) Law 1996 that:

  1. on 14 September 2022 the Representors issued a Representation seeking an Order of the Royal Court of Jersey sanctioning a scheme (Scheme) under which the whole of the long-term insurance business carried on in or from within Jersey by Utmost Limited (Transferor) is to be transferred to Quilter International Isle of Man Limited (Transferee).
  2. the Representors have made copies of:

(a) the said Representation (including the Scheme); and

(b) the report of an independent actuary (Report)

Available for inspection (or for collection free of charge) at all reasonable times at the offices of Appleby (Jersey) LLP at the address given below up to and including the date on which the Royal Court sanctions the Scheme.

In addition, copies of the Report, the Scheme and other related documents can be obtained free of charge from the Representors on Utmost International. This website 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 iom.businesstfr@utmostwealth.com, by calling +44 (0) 1624 643530, or in writing to:

King Edward Bay House
King Edward Road
Onchan

Isle of Man
IM99 1NU

If you have a policy with the Transferor and/or the Transferee, please quote your policy number in any correspondence.  This can be found on your policy documentation or related correspondence.

3. the application to sanction the Scheme is listed to be heard by the Royal Court on the 14 November 2022 at 2.30pm at the

Royal Court House
Royal Square
St Helier
Jersey

Any person who considers that they would be adversely affected by the carrying out of the Scheme is entitled to be heard by the Royal Court of Jersey in person or by a Jersey Advocate.  If you intend to appear at the hearing before the Royal Court of Jersey, you are requested to give five clear days' notice of your intention to do so to Appleby (Jersey) LLP at the address given below.

Appleby (Jersey) LLP

13/14 Esplanade

St Helier   

JE1 1BD

Advocates for the First Representor

(Appleby ref: 451606.0002)

Notice of Transfer of Insurance Business In the matter of Utmost Limited (First Representor) and Quilter International Isle of Man Limited (Second Representor)”
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