On July 9, 2026, U K Insurance Limited (UKIL) and Aviva Insurance Limited (AIL) submitted an application to the High Court of Justice’s Companies Court in London seeking approval for an insurance business transfer scheme. The proposed scheme would transfer substantially all of UKIL’s insurance business to AIL under the framework of Part VII of the Financial Services and Markets Act 2000.
The application requests the court to sanction the scheme pursuant to section 111 of the Act and to make associated provisions under sections 112 and 112A. If approved, the transfer would legally move the insurance business from UKIL to AIL, overriding certain rights that policyholders or other affected parties might otherwise have in relation to terminating or modifying their contracts as a result of the transfer.
Supporting documents, including an Independent Expert Report prepared under section 109 of the Act, a guide summarizing the scheme, and the full scheme document, are available free of charge from UKIL and AIL via telephone, email, or post. Additionally, these documents and related communications sent to policyholders can be accessed online at aviva.co.uk/partvii-transfer. Updates to the website will be issued as necessary until the hearing date.
The hearing on the application is scheduled for December 15, 2026, at 7 Rolls Buildings, Fetter Lane, London. Any policyholders, employees, or other persons who believe they may be adversely affected by the scheme have the right to attend the hearing in person or be represented by legal counsel to present their views. Those intending to participate are encouraged to notify UKIL or AIL in writing before December 8, 2026, detailing their concerns.
Individuals who do not plan to attend the hearing may also submit representations by telephone, email, or mail prior to the same date. All objections received will be disclosed to the High Court, the Prudential Regulation Authority, the Financial Conduct Authority, and the Independent Expert. By lodging an objection, individuals consent to their personal data being shared with these parties as part of the court proceedings.
If the court sanctions the scheme, the transfer of UKIL’s insurance business to AIL will proceed notwithstanding any contractual rights that might otherwise allow affected parties to terminate or modify their agreements. Such rights will only be enforceable if explicitly provided for by the court’s order.
Legal representation for UKIL and AIL in the matter is provided by the law firm Slaughter and May, based in London. Queries regarding the scheme may be directed to the contacts provided by the companies.