Eagle Star Part VII approved

In December 2012, Eagle Star Insurance Company Limited, Home & Overseas Insurance Company Limited and City of London Insurance Company Limited (together “Eagle Star”) announced their intention to transfer their general insurance business to RiverStone Insurance (UK) Limited under Part VII of the Financial Services and Markets Act 2000.  On 8 November 2013, the High Court approved the proposed transfer. As a result, Eagle Star’s general insurance business (including all policies, assets and liabilities) together with the benefit of all associated third party reinsurance contracts will transfer to RiverStone Insurance (UK) Limited on 31 December 2013.