HomeMedia CentreUncategorizedUtmost Group completes the merger of its two Isle of Man insurance entities

Utmost Group completes the merger of its two Isle of Man insurance entities
01 December 2022
Utmost Group plc is pleased to announce that, following approval by the Isle of Man, Jersey and Guernsey Courts, a portfolio transfer of the assets and liabilities of Utmost Limited to Utmost International Isle of Man Limited (formerly Quilter International Isle of Man Limited) under Section 21 of and Schedule 2 to the Isle of Man Insurance Act 2008 was implemented on 30 November 2022. This transfer had the effect of merging Utmost Group’s two Isle of Man insurance entities in Utmost International Isle of Man Limited.
The de-authorisation of Utmost Limited will be completed in the near future.
The merger of the Group’s two Isle of Man insurance entities marks an important milestone in the integration of Quilter International into Utmost. The integration remains on track to complete within the 18-24 month timeframe set out at completion of the acquisition of Quilter International.
For further information, please contact:
Utmost Group plc
Tel: +44 (0)203 861 4343 / Email: [email protected]
Temple Bar Advisory
Tel: +44 (0)20 7183 1190 / Email: [email protected]
About Utmost Group Limited
Utmost Group Limited is a specialist life assurance group. Its principal businesses are Utmost International and Utmost Life and Pensions, which together are responsible for over £35bn of primarily unit-linked policyholder assets for around 520,000 customers.
Utmost Group Limited is subject to group supervision by the PRA.