| AmTrust International

Insurance Business Portfolio Transfers

See below for important information about AmTrust's insurance business portfolio transfers.

AmTrust International Underwriters DAC (French Medical Malpractice Transfer)

English

AmTrust International Underwriters DAC (AIUD) is proposing to transfer its French medical malpractice insurance business to Bothnia International Insurance Company Limited, a Finnish authorised insurance company (which is part of the Compre group) (the "Proposed Transfer"). The Proposed Transfer will have no effect on the terms and conditions of policyholders’ existing cover. The Proposed Transfer shall be carried out by means of an insurance business transfer under Section 13 of the of the Assurance Companies Act 1909, Section 36 of the Insurance Act 1989 and Regulation 41 of the European Union (Insurance and Reinsurance) Regulations 2015. The Proposed Transfer will require approval from the Irish High Court (the "Court"). The legal process is explained further in the documentation listed below.

More information on the Proposed Transfer can be found in the following documents:

The Court hearing is scheduled to take place on 15 March 2023 at the High Court, The Four Courts, Inns Quay, Dublin 7. This will be a hybrid hearing and login details can be found on www.courts.ie. Any person who wishes to be heard on the hearing of the Proposed Transfer should notify AIUD’s solicitors, Matheson Solicitors, 70 Sir John Rogerson's Quay, Dublin 2 quoting reference EL 658088/195 (in writing) no later than 7 March 2023 of their intention to appear in Court and should indicate to the said solicitors whether such person or persons support or oppose the said Proposed Transfer and further should, by said time and date, file in court and furnish to AIUD’s solicitors such evidence by way of affidavit as is proposed to be relied upon at the hearing by such person.

Unless you have questions or concerns you do not need to contact anyone or take any further action. However, if you have any queries about the Proposed Transfer please contact AIUD on the following AmTrustFranceTransfer@AmTrustGroup.com.

The Sanctions Hearing for this matter has been adjourned to 4 July 2023 at 10.30 am at the High Court, The Four Courts, Inns Quay, Dublin 7. This will be a hybrid hearing and login details can be found on www.courts.ie. In circumstances where the matter has been adjourned, the Scheme did not become effective on 1 April 2023 and may instead, if approved by the High Court, become effective on 14 July 2023. A further update will be provided here following the court hearing on 4 July 2023.

On 4 July 2023, the Irish High Court sanctioned the portfolio transfer of the French medical malpractice insurance business from AmTrust International Underwriters DAC to Bothnia International Insurance Company Limited. The portfolio transfer is effective from 00.01 on 14 July 2023 and a copy of the court order is available for download from this webpage.

If you have any queries in relation to this matter, please contact AIUD at AmTrustFranceTransfer@AmTrustGroup.com.

Français

AmTrust International Underwriters DAC (AIUD) propose de transférer ses activités françaises d'assurance responsabilité civile médicale à Bothnia International Insurance Company Limited, une compagnie d'assurance agréée finlandaise (qui fait partie du groupe Compre) (le « Transfert proposé »). Le transfert proposé n'aura aucun effet sur les conditions générales de la couverture existante des assurés. Le transfert proposé sera mis en œuvre par le biais d'un transfert irlandais d'activités d'assurance en vertu de l'article 13 de la Loi sur les compagnies d'assurance de 1909, de l'article 36 de la Loi sur les assurances de 1989 et de la Règlementation 41 du Règlement de l'Union européenne (Assurance et Réassurance) de 2015. Le transfert proposé devra être approuvé par la Haute Cour irlandaise (la « Cour »). Le processus légal est expliqué plus en détail dans la documentation indiquée ci-dessous.

De plus amples informations sur le transfert proposé sont disponibles dans les documents suivants :

L'audience est prévue le 15 mars 2023 à la Haute Cour, à The Four Courts, Inns Quay, Dublin 7, Irlande. Il s'agira d'une audience hybride et les informations de connexion sont disponibles sur www.courts.ie. Toute personne souhaitant être entendue lors de l'audience sur la proposition de transfert doit notifier par écrit les conseillers juridiques d'AIUD, à Matheson Solicitors, 70 Sir John Rogerson's Quay, Dublin 2, Irlande, en citant la référence EL 658088/195, au plus tard le 7 mars 2023, de son intention de comparaître devant la Cour et doit indiquer auxdits conseillers juridiques si cette ou ces personnes soutiennent ou s'opposent à ladite proposition de transfert et doit, en outre, avant l'heure et la date susmentionnées, déposer au tribunal et fournir aux conseillers juridiques d'AIUD par voie d'affidavit les éléments que cette personne a l'intention d'invoquer à l'audience.

Si vous n'avez pas de questions ou de préoccupations, vous n'avez pas besoin de contacter qui que ce soit ou de prendre d'autres mesures. Toutefois, si vous avez des questions concernant le transfert proposé, veuillez contacter AIUD à l'adresse électronique AmTrustFranceTransfer@AmTrustGroup.com.

L’audience d’approbation du transfert d’activités a été reportée au 4 julliet 2023 à 10h30 au High Court, The Four Courts, Inns Quay, Dublin 7. Il sera possible d’assister à l’audience en personne ou virtuellement en se connectant sur www.courts.ie.

Dans le cas où l’affaire serait ajournée, le transfert d’activités n’a pas pris effet au 1er avril 2023 et peut au lieu de cela, si approuvé par le High Court, prendre effet le 14 Juillet 2013. Des informations complémentaires seront publiées sur cette page après l’audience du 4 julliet 2023.

Le 4 juillet 2023, la Haute Cour irlandaise a sanctionné le transfert d’activité d’assurance responsabilité civile médicale effectuée en France par AmTrust International Underwriters DAC à Bothnia International Insurance Company Limited. Le transfert de portefeuille est effectif à compter du 14 juillet 2023 à 00h01 et une copie de l’ordonnance du tribunal est téléchargeable sur cette page internet.

Si vous avez des questions concernant le transfert proposé, veuillez contacter AIUD à l'adresse électronique AmTrustFranceTransfer@AmTrustGroup.com.

AmTrust International Underwriters DAC (Italian Branch Insurance Business Transfer)

English

INSURANCE BUSINESS PORTFOLIO TRANSFERS

AmTrust International Underwriters DAC (AIUD) is proposing to transfer a part of the insurance business underwritten by its Italian Branch to AmTrust Assicurazioni Società Per Azioni (AA) (the "Proposed Transfer"). The Proposed Transfer will have no effect on the terms and conditions of policyholders’ existing cover. The Proposed Transfer shall be carried out by means of an insurance business transfer under Section 13 of the of the Assurance Companies Act 1909, Section 36 of the Insurance Act 1989 and Regulation 41 of the European Union (Insurance and Reinsurance) Regulations 2015. The Proposed Transfer will require approval from the Irish High Court (the "Court"). The legal process is explained further in the documentation listed below.
More information on the Proposed Transfer can be found in the following documents:

1. The Scheme (English)
2.           Scheme Summary (English )
3.           Scheme Summary (Italian)
4.           Petition (English)
5. Independent Actuary Report (English)
6.           Summary of the Independent Actuary Report (English)
7.           Summary of the Independent Actuary Report (Italian)
8.           Legal Notice (English)
9.           Legal Notice (Italian)

The Court hearing is scheduled to take place on Tuesday, 24 March 2026 at 11.00 a.m. (Irish time) at the High Court, The Four Courts, Inns Quay, Dublin 7. Any interested party who intends to appear at the hearing of the Petition should notify the Petitioners' solicitors, William Fry LLP, 2 Grand Canal Square, Dublin 2, D02 A342, Ireland (quoting reference 029510.0002.EDC/NCA/RJR) in writing no later than 5.00 p.m. (Irish time) on Friday, 13 March 2026 of that party's intention to appear at the hearing of the said Petition and should indicate to the said solicitors whether such party intends to support or oppose the said Petition. Any such notice of intention to appear should be signed by that person or persons and should contain the address of that person or persons or their solicitors. Any person having delivered a notice of intention to appear at the hearing who intends to oppose the Petition should set out on affidavit the basis for such opposition and such affidavit should be filed in the Central Office of the High Court in Dublin and served upon William Fry LLP at the address above by no later than 5.00 p.m. (Irish time) on Friday, 13 March 2026.
Unless you have questions or concerns you do not need to contact anyone or take any further action. However, if you have any queries about the Proposed Transfer please contact AIUD or AA on the following PortfolioTransfer@AmTrustGroup.com or segreteria.societaria@amtrustgroup.com

Italian

TRASFERIMENTO DI PORTAFOGLIO ASSICURATIVO

AmTrust International Underwriters DAC (AIUD) propone di trasferire una parte delle attività assicurative sottoscritte per il tramite dalla propria Sede Secondaria italiana ad AmTrust Assicurazioni S.p.A. (AA) (nel seguito “Proposta di Trasferimento”). La Proposta di Trasferimento non avrà alcun impatto sui termini e sulle condizioni della coperture esistenti degli Assicurati. La Proposta di Trasferimento sarà effettuata mediante una cessione di attività assicurativa ai sensi della Section 13 dell'Assurance Companies Act 1909, della Section 36 dell'Insurance Act 1989 e del Regulation 41 of the European Union (Insurance and Reinsurance) Regulations 2015. La Proposta di Trasferimento richiederà l'approvazione della High Court irlandese (nel seguito la “Corte”). Il procedimento legale è spiegato più dettagliatamente nella documentazione elencata di seguito.
Maggiori informazioni sul trasferimento proposto sono disponibili nei seguenti documenti:

1.           The Scheme (Inglese)
2.           Scheme Summary (Inglese)
3.           Scheme Summary (Italiano)
4.           Petition (Inglese)
5. Independent Actuary Report (Inglese)
6.           Summary of the Independent Actuary Report (Inglese)
7.           Summary of the Independent Actuary Report (Italiano)
8.           Legal Notice (Inglese)
9.           Legal Notice (Italiano).

Secondo la normativa irlandese, l'udienza davanti alla Corte è prevista per martedì 24 marzo 2026 alle ore 11:00 (ora irlandese) presso la High Court, The Four Courts, Inns Quay, Dublino 7. Qualsiasi parte interessata che intenda comparire all'udienza di Petizione (Petition Hearing) deve darne comunicazione scritta agli Avvocati dei ricorrenti, William Fry LLP, 2 Grand Canal Square, Dublino 2, D02 A342, Irlanda (citando il riferimento 029510.0002.EDC/NCA/RJR) entro e non oltre le ore 17:00 (ora irlandese) di venerdì 13 marzo 2026, comunicando la propria intenzione di comparire all'udienza relativa alla suddetta petizione e indicare ai suddetti Avvocati se intende sostenere o opporsi alla suddetta petizione. Tale comunicazione di intenzione di comparire deve essere firmata dalla persona o dalle persone interessate e deve contenere l'indirizzo della persona o delle persone interessate o dei loro Avvocati. Qualsiasi persona che abbia comunicato la propria intenzione di comparire all'udienza e che intenda opporsi alla Petizione dovrà indicare in una dichiarazione giurata i motivi di tale opposizione e tale dichiarazione giurata dovrà essere depositata presso l'Ufficio Centrale della High Court di Dublino e notificata a William Fry LLP all'indirizzo sopra indicato entro e non oltre le ore 17:00 (ora irlandese) di venerdì 13 marzo 2026.
A meno che non abbiate domande o dubbi, non è necessario contattare nessuno né intraprendere ulteriori azioni. Tuttavia, se avete domande sul trasferimento proposto, potete contattare AIUD o AA ai seguenti indirizzi email PortfolioTransfer@AmTrustGroup.com o segreteria.societaria@amtrustgroup.com.