Swiss Reinsurance Company Ltd, Singapore Branch (SRSP) will be transferring its composite reinsurance business to Swiss Re Asia Pte. Ltd. (SRAL), now known as Swiss Re Asia Ltd, through a Scheme of Transfer under the Insurance Act (Cap 142) of Singapore (Scheme).
The Scheme, which has been approved by the Monetary Authority of Singapore, is subject to the confirmation of the High Court of Singapore. The Scheme is expected to take effect on 1 January 2018 or such other date as may be approved by the High Court of Singapore.
On the effective date of the Scheme, the entire business of SRSP including all of its reinsurance contracts will be automatically transferred to SRAL. Should you wish to view the Scheme, please click here.
If you have any queries, please contact your Swiss Re Client Manager or Key Account Manager, or email: email@example.com.
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