We provide here a brief overview of the legal process as well as links to various important documents containing further information about the Proposed Transfer and Merger.  You may have already received some or all of this information by post, email or text.  If you require this information in another European language, please return to the Brexit homepage.

The legal process – what’s involved

The restructuring involves a Proposed Transfer and a Merger.  These have been carried out by way of a combined insurance business transfer (which is a process governed by Part VII of the Financial Services and Markets Act 2000) and a cross border merger (which is a process under the European Cross Border Merger Directive).  The combined process involves the UK courts and has been  approved by the High Court of England and Wales (the High Court). The combined legal process is explained further in the Letters below and in the FAQs.

As approved by the High Court, both the Merger and the Proposed Transfer are expected to take effect on 1 December 2018.

Latest news

  • On 5 March 2018, the High Court gave its approval for AIG Europe Limited (AEL) to begin notifying policyholders about its intended restructure as a result of Brexit.

  • The Independent Expert has completed his supplemental report on the proposed transfer, which is provided
  • On 25 October 2018 the High Court of England and Wales approved AIG Europe Limited’s proposed restructuring and consequently the Proposed Transfer and Merger shall take effect on 1 December 2018.  Further information is available on these pages, or alternatively please speak to your usual AIG contact.  Please note that the Brexit telephone helpline and email inbox are no longer monitored.
  • Latest News: As of 1 December 2018, American International Group UK Limited and AIG Europe S.A. are now operational. The proposed transfer and merger has taken place.

Important documents

Please find below a number of key documents which provide important information about the Proposed Transfer and Merger. 

Notification Letters

Below you will find introductory information for various interested parties.  


Scheme Booklet and Frequently Asked Questions

The Scheme Booklet contains a summary of the scheme, a summary of an Independent Expert’s report on the impact of the restructure on policyholders, and the Legal Notice explaining when the Court will hear the final application for the Proposed Transfer and Merger.  The FAQ provides answers to a broad range of questions about the proposed restructure.  

Scheme Document

This document is the full Scheme of Transfer. It sets out the terms and conditions upon which AIG Europe Limited’s insurance business transfers to two newly authorised insurance companies within the AIG group.

Independent Expert’s Report 

This document is the full report of the Independent Expert. It addresses the impact of the Proposed Transfer on policyholders.  A summary of this report is provided within the Scheme Booklet linked above.