Federal Court of Australia
Federal Court of Australia
Professional Insurance Australia Pty Ltd, in the matter of Professional Insurance Australia Pty Ltd [2022] FCA 422 File number(s): NSD 170 of 2022
Judgment of: JAGOT J
Date of judgment: 13 April 2022
Catchwords: INSURANCE — confirmation of proposed scheme for transfer of insurance business and re-insurance agreements — where all statutory procedural requirements met and no adverse impact on interests of relevant policy holders — application granted
Legislation: Insurance Acquisitions and Takeovers Act 1991 (Cth) s 41(1) Insurance Act 1973 (Cth) ss 17C(2), 17C(2)(a), 17C(2)(b), 17C(2)(c), 17C(5), 17C(3), 17F(1)
Cases cited: Re ACE Insurance Limited (No 2) [2016] FCA 1258 Re Axis Specialty Europe SE (Australia Branch) [2016] FCA 1594 Re Insurance Australia Limited [2004] FCA 524; (2004) 139 FCR 450 Re Insurance Australia Limited [2016] FCA 1387 Re MDU Australian Insurance Co Pty Ltd [2008] FCA 490 Re SGIC General Insurance Limited [2004] FCA 1639 Re Swiss Reinsurance Company Ltd (No 2) [2019] FCA 2042; (2019) 140 ACSR 597 Re Westport Insurance Corporation (No 2) [2009] FCA 1598; (2009) 181 FCR 530 Re WR Berkley Insurance (Europe) Limited [2016] FCA 374
Division: General Division
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