Business Transfer

We can confirm Zurich International Life Limited has entered into an agreement to sell its Singapore branch portfolio (“ZILL Singapore”) of long term (life insurance) business to Monument International Life Assurance Company Limited. No other business outside of ZILL Singapore will be impacted and we remain dedicated to servicing all our existing customers and partners.

The proposed transfer is subject to regulatory and court approvals and is only concerned with the long term (life insurance) policies issued through ZILL Singapore. If approved, the transfer is expected to take place on Tuesday, 01 November 2022. This page will be used to share any updates to the regulatory and court proceedings, as well as displaying all our written communications for your reference.

Update – 12 September 2022

We would like to confirm the High Court hearing dates for the proposed transfer:

High Court of Justice of the Isle of Man

20 September 2022 (10 AM UK time)

High Court of the Republic of Singapore

27 September 2022 (10 AM Singapore time)

Update – 29 September 2022

We would like to confirm that the High Court of Justice in the Isle of Man and the High Court of the Republic of Singapore have approved the proposed transfer.

Update – 1 November 2022

We would like to confirm that the transfer has been completed.

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