Client assignments - Summary of Part VII Transfer projects

Avanti Consulting has successfully advised on & managed 19 major Part VII insurance business transfers, covering open and closed Life & Pensions, Non-Life, Lloyds syndicates & Reinsurance portfolios. Client assignments have included:

  • Brexit Part VII transfer of the European marine business of Steamship Mutual P&I Club in London to a newly created subsidiary in Cyprus
  • Brexit Part VII feasibility study for a non-life insurer & reinsurer into an Irish subsidiary
  • Transfer of Reliance Mutual Insurance Society business to LCCG
  • Transfer of P&I Club marine insurer West of England Ship Owners Mutual Association (London to Luxembourg)
  • Transfer of Direct Line Life to Countrywide Assured for Chesnara
  • Lincoln Assurance transfer to Sun Life Financial of Canada
  • Run-off insurance & reinsurance portfolio transfer within Munich Re Group
  • Britannic Assurance group of 7 companies amalgamated into Phoenix Life for Resolution
  • Swiss Life & ex RSA Life companies transferred to Phoenix Life for Resolution
  • 2 annuity portfolios transferred from Phoenix to Canada Life / Prudential for Resolution
  • Sale & transfer of two portfolios from QBE Insurance (Europe) to the Sagicor of Lloyds syndicate 
  • Sale & transfer of Ensign motor book from Great Lakes Reinsurance to QBE Insurance (Europe)
  • Transfer of City of Westminster Assurance to Countrywide Assured for Chesnara
  • Sale & transfer of several run-off agency portfolios from Inter Hannover to Enstar
  • Income protection business of Finance Assurance for Genworth Financial
  • Group Insurance business of Sun Life Financial of Canada to Unum Provident


Every Part VII transfer is unique, since the companies involved are unique, so here's an idea of the projects we've undertaken which have ranged significantly in scale and duration as follows :





Number of transferring Entities

Individual portfolios within a single entity

Entire business of 7 separate transferring entities

Number of policyholders

400 (corporate policyholders)


Transferring fund size



Assignment duration

4 months

20 months

Legal jurisdictions

1 country

5 countries

Capital reductions

None required

7 companies