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Hiscox Insurance Company Part VII Transfer

Welcome to the Hiscox Insurance Company Part VII transfer information site. Here you will find a brief overview of the legal process and a timetable of events. Documents containing further information about the Proposed Transfer will become available during August following the Directions Hearing.

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Why is the transfer being proposed?

In response to the UK’s decision to leave the European Union, commonly known as ‘Brexit’, we are proposing to make some necessary changes to our business. These will ensure continuity of cover to all our customers with European risks, so that we can continue to service our policyholders and claimants in the UK and across Europe post-Brexit. To make these changes we are using a legal insurance business transfer process known as a Part VII transfer.

The legal process

The Part VII process is governed by the Part VII of the Financial Services and Markets Act 2000 and is subject to the approval of the High Court of England and Wales (the High Court).

If you have any concerns regarding the Proposed Transfer and how it may affect you, you have the right to make a written representation to the High Court or to be heard at the High Court hearing (in person or through legal representation).

You may also raise these concerns with us in writing or over the telephone and we will make a record of your concerns and communicate these to our regulators (the Prudential Regulation Authority, the Financial Conduct Authority), the Independent Expert and the High Court. You can find our contact details below.

Timetable of events

Date Event
2 August 2018 Directions Hearing at the High Court to seek approval for Hiscox Insurance Company to begin notifying policyholders of the Proposed Transfer
6 August 2018 Directions Hearing at the Royal Court of Jersey, to seek approval for Hiscox Insurance Company to begin notifying policyholders of the Proposed Transfer
14 December 2018 Sanction Hearing at the High Court Rolls Building, Royal Court of Justice, 7 Rolls Building, Fetter Lane, London EC4A 1NL
17 December 2018 Sanction Hearing at the Royal Court of Jersey, Royal Court House, Royal Square, St Helier, Jersey, JE1 1JG
1 January 2019 Effective date of the Proposed Transfer

It may be necessary to amend the timetable above, so we would encourage you to check back at regular intervals.

Important Documents

Below you will find links to key documents that provide important information about the Proposed Transfer. We would encourage you to read these documents to consider how the transfer may affect you.

Notification Letters

Policyholder Letter UK – for policies purchased through a UK Branch of HIC

Policyholder Letter Europe – for policies purchased through an EU Branch of HIC

Policyholder Letter Spain – for policies purchased from the Spanish Branch of HIC

Reinsurers Letter

Scheme Booklet – this booklet contains a summary of the scheme, a summary of the Independent Expert’s report on the impact of the restructure on policyholders, a Q&A section and the Legal Notice explaining when the Court will hear the final application for the Proposed Transfer.

Scheme Booklet – Ireland

Scheme Booklet - Spain

Frequently Asked Questions – here you can find a broad range of questions and answers around the Proposed Transfer.

Scheme Document – this document is the full Scheme of Transfer and sets out the terms and conditions on which basis some of Hiscox Insurance Company’s insurance business will transfer to the newly authorised Hiscox SA.  A summary of this document can also be found in the Scheme Booklet.

Jersey Scheme Document - this document is the full Jersey Scheme of Transfer and sets out the terms and conditions on which basis some of Hiscox Insurance Company’s insurance business will transfer to the newly authorised Hiscox SA

Independent Expert’s Report – this is the full report of the Independent Expert and addresses the impact of the Proposed Transfer on policyholders.  A summary of this report can also be found in the Scheme Booklet.

Do I need to take any action?

If you do not have any concerns about the Proposed Transfer, or do not wish to raise an objection, then no further action is required by you.

If you do have additional questions or concerns, or wish to raise an objection to the Proposed Transfer, you can contact us in the following ways:

Part VII communications team Telephone number Mailing address Email address
United Kingdom and Ireland 0800 781 3049 / +44 (0)1904 293 793

Part VII transfer team 
Hiscox Insurance Building 
Peasholme Green 
York 
YO1 7PR 

[email protected]
BMI Norway +47 64 86 46 00 - -
Nordeuropa Norway To follow To follow To follow
Nordeuropa Sweden To follow To follow To follow
Norwegian Broker Norway +47 23 89 73 89 - -
BMI +47 64 86 46 00 - -
Belgium 080029366

Dutch/Flemish: 
Hiscox Europe Underwriting
Limited, Belgian Branch
Bourgetlaan 42 B8
Building Airport
1130 Brussel

French: 
Hiscox Europe Underwriting
Limited, Belgian Branch
Avenue du Bourget 42 B8
Building Airport
1130 Bruxelles

[email protected]
France 0800940182  Hiscox France
Service Transfert
12 quai des Queyries
CS 41177
33072 Bordeaux
[email protected]
Germany 08008888257 Hiscox 
Arnulfstraße 31,  D - 80636 München
[email protected]
Netherlands 0031207991812 Hiscox Nederland 
Arent Janszoon Ernststraat 595B 
1082 LD Amsterdam
[email protected]
Portugal 0800780071 Hiscox Portugal 
Atrium Saldanha 
Praça Duque de Saldanha no1 
Piso 5, 1050-094 Lisboa 
Portugal
[email protected]
Spain 0900800124 Hiscox 
Paseo de la Castellana 60, 7ª planta 
28046 Madrid 
España
[email protected]

You can call us from 9.00am to 5.00pm Monday to Friday (excluding bank holidays and public holidays). 9:00am to 6:00pm for Portugal and Spain.

Please note that our teams are legally prohibited from providing financial advice, but will answer general questions on the effects of the Proposed Transfer.