We are restructuring the Allianz UK group to make things simpler. Instead of having five separate insurers, we propose to have all operations and customer interactions be managed by one regulated insurer, Allianz. This change ensures we continue to provide the best service to our customers.

FIL stopped issuing new insurance policies after 31 March, 2023, and TIL ceased issuing new policies in 2006. We believe it's in the best interest of policyholders, including those with claims and beneficiaries, to transfer all remaining insurance business to Allianz, an active insurance company. This means policies from LV=, FIL, TIL, and HICO will continue to be managed effectively, and claims will be paid by Allianz.

Additionally, the transfer of certain LVGIG assets and liabilities to AMSL will ensure that services related to Allianz’s business lines and policies, including those acquired through this restructuring, are streamlined under one service company instead of two.

Rest assured, there will be no changes to the terms and conditions of any policy included in this transfer.

The proposed transfer will be implemented under Part VII of the Financial Services and Markets Act 2000. It is therefore known as a “Part VII Scheme”. 

A Part VII Scheme is a transfer mechanism for the transfer of insurance business from one insurer to another under that legislation. It allows for the transfer of a large number of separate legal relationships with policyholders and others to be made under the scheme rather than requiring individual policyholder consent. The scheme is subject to regulatory and court scrutiny intended to make sure that any potential adverse effects of the scheme are identified, and those persons adversely affected are given the opportunity to make representations.

We are required by law to adhere to a strict process that includes several key steps, including:

• appointing an Independent Expert to prepare a report on the proposed transfer which will include an assessment of the impact on policyholders;
• consulting with our regulators, the PRA and the FCA;
• providing our customers and certain other interested parties with information regarding the proposed transfer and their right to object to it; and
• seeking approval for the proposed transfer from the High Court

A copy of the Independent Expert’s report is available in the  important documents section below. A summary of the report is also included in the Transfer Guide available in the important documents section below.

You cannot opt out of the Part VII Scheme. However, the High Court will only approve the Part VII Scheme if, in all the circumstances, it considers it appropriate to do so. You should consider the proposed transfer from your perspective. Any person who claims they would be adversely affected by the carrying out of the Part VII Scheme is entitled to raise an objection, and the High Court will take objections into account when making its decision.

As such, if you think the Part VII Scheme will adversely affect you, you have the right to object to it. You can do this by:

• writing to us at Allianz Transfer, PO Box 282, Sheffield HD8 1GD
• emailing us [email protected];
• calling our dedicated helpline on  0330 678 5017 between 9am and 5pm (UK time) on Monday to Friday (excluding bank holidays) or +44 330 678 5017 from outside the UK (charges will apply) Calls may be monitored or recorded. Calls from UK landlines are free. The costs from mobile phones may vary.
• presenting your views in person, or by legal representative to the High Court at the hearing scheduled for 2 October 2026 at The Rolls Building, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL (at your own cost). 
• presenting your views in person, or by legal representative to the representative to the Jersey Court at the hearing scheduled for 10am on 6 October 2026 at the Royal Court of Jersey, Royal Court House, Royal Square, St Helier, Jersey JE1 1BA or by making written representations directly to this address, including 'Allianz Transfer' as a reference.

While you have the right to object up to the day of either hearing, it would be helpful if you could let us know by 25 September 2026, using the contact details above.

If you, or a representative, are going to attend, it would also be helpful if you could provide us with notice of your intention to attend by 25 September 2026, again using the contact details above. This will give us an opportunity to consider and potentially address your objections or concerns. However, you will still be entitled to attend the Sanction Hearing if you have not notified us in advance.

We will present the High Court with a written version of any objections or concerns we receive prior to this date, and the PRA and FCA with a written summary of any such objections or concern.

Further details can be found in section 4 (‘How to Object’) of the Transfer Guide available below.

The Part VII Scheme will involve two High Court hearings: (i) a Directions Hearing; and (ii) a Sanction Hearing.

A Directions Hearing was held on 22 May 2026 in the UK, and we are pleased to announce that we have received approval from the High Court to proceed with communicating to policyholders, claimants and other interested parties about the Part VII Scheme.

The Sanction Hearing to decide whether to approve the transfer is due to take place on 2 October 2026 at The Rolls Building, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL. The High Court will consider the proposed Part VII Scheme, any concerns or objections raised and to decide whether to approve the Part VII Scheme.  

The Sanction Hearing to decide whether to approve the transfer is due to take place at 10am on 6 October at the Jersey Royal Court, Royal Court House, Royal Square, St Helier, Jersey JE1 1BA. The Royal Court will consider the proposed Part VII Scheme, any concerns or objections raised and to decide whether to approve the Part VII Scheme. 

If either date changes, we will update this webpage.

If the High Court approves the Part VII Scheme, we expect the transfer to take effect on 1 January 2027. We will update this web page with the outcome of the High Court hearing.

The Jersey Directions Hearing will be considered in the Royal Court of Jersey 27 May 2026. If anything changes we will update this webpage.

There will be an additional court process for the transfer of policies which are part of the business of FIL, HICO, and LV= carried on in or from within Jersey. This is the “Jersey Scheme”. 

The Jersey Scheme will take place in Jersey under the Insurance Business (Jersey) Law 1996 in respect of LV=, FIL, HICO and Allianz, who are regulated in Jersey.

The terms of the Jersey Scheme are very similar to the Part VII Scheme, except that: 

• TIL is not a Transferor under the Jersey Scheme, as it has not carried on any business in or from within Jersey.
• The Jersey Scheme will not operate to transfer any LVGIG assets and liabilities.
• The relevant court is the Jersey Court, rather than the High Court.
• The relevant regulator is the JFSC, rather than the PRA or FCA.
• The governing law is Jersey law, rather than English law.
• The full Jersey Scheme document is available below.

As with the Part VII Scheme, the Jersey Scheme allows for the transfer of a large number of separate legal relationships with policyholders and others to be made under the scheme rather than requiring individual policyholder consent. The Jersey Scheme is also subject to regulatory and court scrutiny intended to make sure that any potential adverse effects of the scheme are identified, and those persons adversely affected are given the opportunity to make representations.

The Sanction Hearing for the Jersey Scheme will take place at the Royal Court of Jersey, Royal Court House, Royal Square, St Helier, Jersey JE1 1BA at 10am on 6 October 2026.

The transfer of the business under the Jersey Scheme will only go ahead if the Jersey Court approves the Jersey Scheme. We expect that Transfer also to take place on 1 January 2027.

If you have concerns about the Jersey Scheme and feel you may be adversely affected, you have the right to raise an objection. Your objection will be presented to the Jersey Court, and the Jersey Court will take all objections into consideration when reaching its decision. You can do this by:

• writing to us at Allianz Transfer, PO Box 282, Sheffield HD8 1GD
• emailing us  [email protected]
• calling our dedicated helpline on the contact details below or
• presenting your views in person, or by legal representative to the representative to the Jersey Court at the hearing scheduled for 10am on 6 October 2026 at the Royal Court of Jersey, Royal Court House, Royal Square, St Helier, Jersey JE1 1BA or by making written representations directly to this address, including 'Allianz Transfer' as a reference.

While you have the right to object up to the time of the Jersey Court hearing, it would be helpful if you could let us know by 25 September 2026 using the contact details above.

If you, or a representative, are going to attend, it would also be helpful if you could provide us with notice of your intention to attend by 25 September 2026, again using the contact details below. This will give us an opportunity to consider and potentially address your objections or concerns. However, you will still be entitled to attend the Jersey Court hearing if you have not notified us in advance.

We will present the Jersey Court and the JFSC with a written version of any objections or concerns we receive prior to this date.

We want to reassure you that your cover and service will stay the same. You'll still be able to contact us as you do now and you’ll receive the same high level of care you do today. If you don’t have any questions or concerns, you don’t need to take any further action. 

In particular:

• There’ll be no change to your policy information. Your policy number, benefits, premiums, policy conditions and contact details will all stay the same. You don’t need to do anything.
• Claims will still be handled the same way and will remain unaffected by the proposed transfer. 
• Complaints will remain unaffected by the proposed transfer. 
• The proposed transfer will not affect customer service levels, ensuring that policyholders continue to receive the same high standard of support and assistance they have come to expect.
• Policyholders will continue to be financially protected and there will be no capital or material impact on their policies as a result of the proposed transfer, ensuring stability and security in their coverage
• If the Transfer is approved by the Courts, your policy will transfer to Allianz on 1 January 2027 who will be responsible for your policy.

• Premium payments – If you’re an existing customer and you have an automatic card payment set up there won’t be a bank reference change. If you pay by Direct Debit, you may notice a reference change on your bank statement after the transfer. This update will happen automatically, so there’s no need to contact us with your bank details. If you no longer have a policy, we will not be collecting payments.
• If you're an existing customer and you pay your broker or intermediary directly, the process won't change.
• Allianz will also become the ‘data controller’ of your personal data, meaning that it will take over the rights and responsibilities under applicable data protection laws in respect of personal data which are associated with the transferring businesses.

The Transfer is subject to the approval of the High Court, and in Jersey, the Jersey Court, which will consider whether the Transfer will materially adversely affect policyholders and other interested parties and whether it is appropriate to allow the Transfer. 

If the Scheme goes ahead, certain assets and liabilities of LVGIG will transfer to AMSL.  

This includes the rights and obligations under any LVGIG Contract, which will transfer to AMSL. 

• If you are currently a party to any LVGIG Contract, you’ll subsequently become a counterparty of AMSL instead of LVGIG.
• The terms and scope of any services you are contracted to provide will not change as a result of the Scheme.
• However, the High Court will be asked to override (through the Scheme) any termination rights that you currently or may have under or in relation to the LVGIG Contracts which may otherwise apply as a result of or in connection with the Scheme.
• The Transfer will not constitute a breach, default, or termination event, or give rise to any right to modify, acquire or claim any interest or right, under your LVGIG Contract.

Payments you receive

Any payments you currently receive from a Transferor will instead come from AMSL. There will be no change to the amount you receive, or the date you receive any payments, as a result of the Transfer. 

Under the Schemes, Allianz will become party to any intra-group and external third party reinsurance arrangements that the Transferors are currently party to, and these will continue to operate in the same way as they did before the Transfer, with Allianz replacing the relevant transferring company.

Where there are reinsurance agreements between Allianz and the Transferors on the date of the Transfer, these agreements will stop where they are not needed.