Notice is given by American Home Assurance Company (New Zealand Branch), trading in New Zealand as Chartis ("Company"), that the Company has applied to the Reserve Bank of New Zealand ("Reserve Bank"), under section 243 of the Insurance (Prudential Supervision) Act 2010, for approval to transfer the Company’s insurance business
to Chartis New Zealand Limited (which, subject to the approval of the Reserve Bank will be renamed "Chartis Insurance New Zealand Limited" ("Chartis Insurance") on or about the date of transfer).
Chartis New Zealand Limited is a registered New Zealand company and a member of the Chartis group, of which
the Company is also a member.
Subject to obtaining the Reserve Bank’s approval, the transfer will take effect on 1 December 2011 ("Transfer Date").
If the transfer is approved, all rights and obligations of the Company under contracts of insurance entered into by
the Company as at the Transfer Date will be automatically transferred to Chartis Insurance.
All terms and conditions of insurance policies underwritten by the Company will remain unchanged except that from
the Transfer Date, Chartis Insurance will be the insurer.
Policyholders may contact the Company directly with any concerns in relation to the proposed transfer and to obtain further information free of charge.
The Company’s contact details are as follows:
PO Box 1745
Telephone: 0800 350 200.
Facsimile: (09) 355 3135.
Confirmation of whether the transfer has taken place will be notified on the Chartis website
on or as soon as practicable after, the Transfer Date.