TT to UKNV Transfer - change to Effective Date and postponement

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Letter to Policyholders re change to Effective Date and postponement

We are writing to notify you that the hearing to sanction the insurance business transfer scheme (the ‘Scheme’) providing for the transfer of certain of the insurance and reinsurance business (comprising policies, assets and liabilities) of TTI to UK P&I Club NV (‘UKNV’) (‘Transfer’) proposed to be held on Monday 27 September 2021 and then Monday 8 November has been postponed to Thursday 2 December 2021.

Please download the full statement below. 

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  • TT to UKNV Transfer - Letters to Policyholders re change to Effective Date and postponement_211109 276 KB

    10/11/2021

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Staff Author

TT Club

Date09/11/2021

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We are writing to notify you that the hearing to sanction the insurance business transfer scheme (the 'Scheme') providing for the transfer of certain of the insurance and reinsurance business (comprising policies, assets and liabilities) of TT Club Mutual Insurance Limited ('TTI') to UK P&I Club NV ('UKNV') ('Transfer') proposed to be held on Thursday 9 September 2021 has been postponed to Monday 27 September 2021.

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NOTICE IS HEREBY GIVEN that on 27 May 2021 TT Club Mutual Insurance Limited ('TTI') and UK P&I Club NV ('UKNV') applied to the High Court of Justice of England and Wales pursuant to section 107(1) of the Financial Services and Markets Act 2000 ('FSMA') for: