On 18 December 2018 the Federal Court of Australia (“Court”) made orders confirming the transfer by Zurich Australian Insurance Limited (ABN 13 000 296 640) (“Zurich”) of its New South Wales motor vehicle compulsory third party insurance portfolio written under the NSW motor accidents CTP insurance regime governed by the Motor Accidents Act 1988 (NSW), the Motor Accidents Compensation Act 1999 (NSW) and the Motor Accident (Lifetime Care and Support) Act 2006 (NSW) (“NSW CTP Portfolio”) to Gordian RunOff Limited (ABN 11 052 179 647) (“Gordian”) (the “Transfer”).
Gordian is an Australian Prudential Regulation Authority (“APRA”) authorised general insurer, a NSW CTP licensed insurer under the Motor Accidents Compensation Act 1999 (NSW) and a wholly owned subsidiary of Enstar Group Limited (registered in Bermuda under company number 30916) (“Enstar”).
The Transfer is made under a Scheme which has been confirmed by the Court under Division 3A of Part III of the Insurance Act 1973 (Cth) (“Act”).
The Scheme will take effect on the Transfer Time of 12.01 am on Monday, 31 December 2018
Please refer to the attached documents which provide further information in respect of the Scheme:
(a) Notice of Intention;
(b) the Scheme;
(c) the Scheme Summary;
(d) the actuarial report of Geoff Atkins from Finity dated 13 November 2018, on which the Scheme is based; and
(e) the actuarial report of Kaise Stephan from Deloitte dated 14 November 2018, on the Scheme.
Please also refer to the attached templates of letters which were sent on 19 November 2018 to Zurich NSW CTP policyholders (where in respect of such policy there was a notified claim that was unsettled or otherwise outstanding as at 15 November 2018) and claimants (who had notified a claim that was unsettled or otherwise outstanding as at 15 November 2018 in respect of a Zurich NSW CTP policy). Please note that these letters contain privacy statements and confirmations from Gordian and Enstar Australia Limited (ABN 99 096 363 923) in respect of how personal information of policyholders and about claims is affected.
(g) Claimant letter.
Should you have any queries, please use the following contact details:
Before 31 December 2018
Telephone: 1800 424 108
From 31 December 2018
Telephone: (02) 8062 4200