Re Rothesay Assurance Ltd; Re Rothesay Life Ltd

Insurance – Transfer of long-term insurance business. The Companies Court approved a insurance business transfer scheme for the transfer by Rothesay Assurance Ltd (RAL) of the whole of its long-term insurance business to another company in the same group, Rothesay Life Ltd (Rothesay Life). It held that, on the evidence, the capital position of Rothesay Life would remain strong after the transfer. There was no realistic prospect of risks to the position of the transferring RAL policyholders.

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