Legal News

Court sanctions scheme for transfer of insurance business (Re Legal and General Assurance Society)

Published on: 14 September 2020
Published by: LexisPSL
  • Court sanctions scheme for transfer of insurance business (Re Legal and General Assurance Society)
  • What are the practical implications of this case?
  • Balancing of interests
  • Approach to objecting policyholders
  • Profile of transferring business
  • Parental support
  • What was the background?
  • What did the court decide?
  • Re Prudential judgment
  • Closed-book consolidators
  • More...

Article summary

Insurance and Reinsurance analysis: Geoffrey Maddock, a partner at Herbert Smith Freehills LLP, and Grant Murtagh, of counsel, examine the High Court’s decision to sanction a scheme for the transfer of insurance business from Legal and General Assurance Society (LGAS) to ReAssure which, despite objections by some policyholders, it found to be fair in all the circumstances. or take a trial to read the full analysis.

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