JDC TECHNICAL EVALUATION REPORT

Subject: U K Insurance Limited (UKI) – (01179980) the primary underwriting entity for the Direct Line Group (DLG).

Reference UID: 3888

Market Authority: London & International Markets

Case Ref: 00018C022B02

Date: 1^st March 2026

Status:

The High Court of Justice (Chancery Division) sanctioned the Part VII transfer on 25 February 2026. The transfer of the commercial “NIG” and “Farmweb” portfolios is scheduled to become legally effective on 1 April 2026.

Event

A massive Part VII Transfer of Direct Line’s commercial “NIG” and “Farmweb” brands to Intact Insurance UK Limited (RSA).

Detail

The High Court Sanction Hearing took place on 25 February 2026.

Key Fact

The scheme is set to become legally effective at 00:01 on 1 April 2026. This moves all historical and future liabilities for these brands from Direct Line to Intact.

Additional Comment

In September 2023, Direct Line Group agreed to sell its Brokered Commercial Insurance Business (specifically the NIG and Farmweb brands) to Intact Insurance UK Limited (formerly known as RSA).

To move these 390,000 existing policies from one company’s books to another without needing 390,000 individual signatures, they use a Part VII Transfer under the Financial Services and Markets Act 2000.

Evidence Layout (Direct Line Case) – Additional Detail