Proposed transfer of the Australian insurance business of Sunderland Marine Insurance Company Limited (Australian branch)
CIRCULAR REF: 2018/025
CIRCULATED TO ALL MEMBERS, BROKERS AND DIRECTORS
Proposed Transfer of the Australian insurance business of Sunderland Marine Insurance Company Limited (Australian branch) to The North of England Protecting and Indemnity Association Limited.
Sunderland Marine Insurance Company Limited (Australian branch) ABN 89 007 508 401 (SMI Aus) has made an application to the Federal Court of Australia in Sydney for orders confirming a scheme under Division 3A of Part III of the Insurance Act 1973 (Cth) to transfer its Australian general insurance business to The North of England Protecting and Indemnity Association Limited (Australian branch) ARBN 624 528 123 (the Scheme).
The application by SMI Aus for confirmation of the Scheme will be heard in Court in Sydney on 2 November 2018.
In relation to the Scheme please find attached the following documents: