Scheme of Transfer between Swiss Re Corporate Solutions Ltd (Labuan Branch) and Swiss Re International SE, Labuan Branch
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Swiss Re Corporate Solutions Ltd (Labuan Branch) ("SRCS Labuan Branch") will be transferring its general reinsurance business to Swiss Re International SE, Labuan Branch ("SRI Labuan Branch"). The transfer will be carried out by way of a scheme of transfer pursuant to Section 172 of the Labuan Financial Services and Securities Act 2010 (LFSSA) between SRCS Labuan Branch and SRI Labuan Branch (the "Scheme"). The Scheme has been approved by Labuan Financial Services Authority ("LFSA") and is subject to the confirmation of the High Court as per Section 172(13) of LFSSA.
Upon confirmation of the Scheme by the High Court, the entire business of SRCS Labuan Branch, including all of its reinsurance contracts will be automatically transferred to SRI Labuan Branch with effect from 1 July 2021.
Should you wish to view the Scheme, please click on the document link below:
Scheme of Transfer
If you have any queries, please contact your Swiss Re Client Manager or Key Account Manager, or email us.