TCSCE Part VII Transfer
As part of an internal restructure to simplify the Travelers group operations in the United Kingdom, it is proposed that the entirety of the insurance business written by Travelers Casualty and Surety Company of Europe Limited (formerly known as Gulf Insurance Company UK Limited) (TCSCE) will be transferred to Travelers Insurance Company Limited (TICL) by way of an insurance business transfer (the Transfer) under Part VII of the Financial Services and Markets Act 2000.
Subject to the granting of an order of the Court sanctioning the scheme, the Transfer is expected to become effective on 28 February 2019.
Report of the Independent Expert
As required under Part VII of the Financial Services and Markets Act 2000, an independent expert, Alex Marcuson, a fellow of the Institute of Actuaries, of Marcuson Consulting Limited, has been appointed to prepare this report setting out the likely effect of the Transfer on the policyholders of TCSCE and TICL.
This document formally effects the transfer of business from TCSCE to TICL.
Summary of the Scheme and Independent Expert Report
This document summaries the terms of the Transfer and the independent expert report.