NOTICE OF INTENTION TO APPLY TO THE FEDERAL COURT OF AUSTRALIA FOR THE APPROVAL OF A SCHEME UNDER PART III DIVISION 3A OF THE INSURANCE ACT 1973 (CTH)
TO TRANSFER THE INSURANCE BUSINESS OF CALLIDEN INSURANCE LIMITED TO GREAT LAKES AUSTRALIA
TAKE NOTICE that Great Lakes Insurance SE, trading as Great Lakes Australia ABN 18 964 580 576 (GLA) proposes to make an application to the Federal Court of Australia for confirmation of a scheme under Part III Division 3A of the Insurance Act 1973 (Cth) to transfer the insurance business of Calliden Insurance Limited ABN 47 004 125 268 (CIL) to its related company, GLA.
If the scheme is confirmed, the insurance business of CIL will be transferred to GLA and GLA will be substituted for CIL under policies issued or underwritten by CIL.
The time and date fixed for the hearing of the application is 10.15am on Wednesday, 22 March 2017 or on such later date as the court appoints. The hearing will be held at the New South Wales Registry of the Federal Court of Australia, which is located at the Law Court Building, Queens Square, Sydney, New South Wales.
A policyholder affected by the scheme (Affected Policyholder) has the right to attend the Federal Court of Australia at the hearing of the application by GLA and ask to be heard by the Court.
It is important that Affected Policyholders take notice of the scheme and consider whether they wish to attend the hearing. If you wish to appear at the hearing, including if you wish to oppose the application, it would be helpful if you could provide prior written notice of your intention to appear to GLA c-/Rehana Box, Ashurst Australia, 5 Martin Place, Sydney, New South Wales 2000. Affected Policyholders are not required to take any action if they have no objection to the scheme.
An Affected Policyholder may inspect a copy of this notice, the scheme, the scheme summary and the actuarial report upon which the scheme will be based (Scheme Documents), and obtain a copy of the Scheme Documents free of charge between Monday, 20 February 2017 and Wednesday, 15 March 2017 (inclusive) from 9.00 am to 5.00 pm each weekday (other than public holidays) at the following addresses:
Australian Capital Territory
Deloitte 8 Brindabella Circuit Brindabella Business Park, Canberra | New South Wales
Deloitte Grosvenor Place, 225 George Street, Sydney | Northern Territory
Deloitte Level 11, 24 Mitchell Street, Darwin | Queensland
Deloitte Level 25 & 26, Riverside Centre, 123 Eagle Street, Brisbane |
South Australia Deloitte 11 Waymouth Street, Adelaide | Tasmania Deloitte Level 8, 22 Elizabeth Street, Hobart | Victoria Deloitte 550 Bourke Street, Melbourne | Western Australia Deloitte Brookfield Place, Tower 2, 123 St Georges Terrace, Perth |
A copy of the Scheme Documents can be viewed via the link titled 'Scheme to transfer the insurance business of Calliden Insurance Limited to Great Lakes Australia' at: https://www.callideninsurance.com.au and https://www.munichre.com/gla/en/default/index.htm.
Copies of the Scheme Documents and information about them can also be obtained free of charge from GLA by telephoning Annalise Meurant, Corporate Counsel & Assistant Company Secretary, Munich Re Australia on +61 2 9272 2054 between 9am and 5pm, Monday to Friday.
We recommend that each Affected Policyholder obtain a copy of and review the scheme documentation, which contain a discussion of the impact of the scheme on policyholders, to gain a better understanding of how the scheme will affect their rights and obligations as policyholders under the policies to be transferred from CIL to GLA.
Great Lakes Australia
12 February 2017