Application of Sompo Japan Insurance Inc. under the Insurance Act 1973 (Cth) (No 2) [2014] FCA 677

FEDERAL COURT OF AUSTRALIA

Application of Sompo Japan Insurance Inc. under the Insurance Act 1973 (Cth) (No 2) [2014] FCA 677 Citation: Application of Sompo Japan Insurance Inc. under the Insurance Act 1973 (Cth) (No 2) [2014] FCA 677

Parties: SOMPO JAPAN INSURANCE INC. (ABN 31 000 837 801)

File number(s): NSD 198 of 2014

Judge(s): YATES J

Date of judgment: 26 June 2014

Catchwords: INSURANCE - general insurance - transfer of general insurance business from one insurer to another - application for confirmation of scheme - transferor and transferee within same corporate group - order for transfer of reinsurance contracts

Legislation: Insurance Act 1973 (Cth), ss17A-17G

Cases cited: American Home Assurance Company (No 2) [2011] FCA 316 Re Armstrong Jones Life Assurance Limited (1997) 74 FCR 160 In the Application of Budget Insurance Company Limited and Auto & General Insurance Company Limited [2008] FCA 636 Colonial Portfolio Services Ltd v Australian Prudential Regulation Authority (2000) 11 ANZ Insurance Cases ¶90-103 In the Application of Commonwealth Insurance Holdings Ltd and The Colonial Mutual Life Assurance Society Ltd [2007] FCA 1012 Gordian RunOff Ltd (No 2) [2013] FCA 1329 HDI-Gerling Australia Insurance Company Pty Limited, in the matter of HDI-Gerling Australia Insurance Company Pty Limited (ABN 16 069 085 196) (No 2) [2010] FCA 669 Re Insurance Australia Ltd (2004) 139 FCR 450 SGIC General Insurance Ltd [2004] FCA 1639 Application of Sompo Japan Insurance Inc. under the Insurance Act 1973 (Cth) [2014] FCA 396 Re Royal & Sun Alliance Life Assurance Ltd (2000) 104 FCR 37