WFUMPoolStamps

WFUM Pools

WFUM Pools Scope & Stamps|WFUM Pools Companies |WFUM Pools Scheme Companies

WFUM Pools Scope and Stamps

This page identifies the scope of the business covered by the Pool Scheme and gives details relating to the Stamps used by the WFUM Pools.

WFUM POOLS BUSINESS - BACKGROUND

The WFUM Pools Companies (‘‘the Companies’’) each underwrote insurance and reinsurance business in pooling arrangements through Willis Faber (Underwriting Management) Limited ("WFUM"), Devonport Underwriting Agency Limited ("DUAL") and Willis Faber & Dumas Limited ("WF&D"), (together referred to as the ‘’WFUM Pools’’), all of which were formerly administered by WFUM.

WF&D (as an underwriting agent) was active until 1972 when it was replaced by WFUM both as underwriting agent and as the manager of the business which it had written. WFUM ceased underwriting at the end of 1991. DUAL was set up in 1982 and underwrote business until 1985.

The WFUM Pools each underwrote Marine and Non-Marine business on behalf of some of the Companies. WFUM and WF&D underwrote Aviation business on behalf of some of the Companies.

The WFUM Pools underwrote business for or on behalf of individual Companies and also using pool underwriting stamps. Pool underwriting stamps reflected set percentage shares of business written which varied over time and according to the class of business.

The pool underwriting stamps used to underwrite WFUM Pools Business can be accessed via the link within the Stamps section below.

The Companies current and former names are summarised on the WFUM Pools Companies page.

In addition Sovereign Marine & General Insurance Company Limited (‘‘Sovereign’’) participated in the Camomile Underwriting Agencies Limited Pool.

SCOPE

The Scope of the Scheme as defined in the Scheme Document is detailed below. Further information on the Scope of the Scheme can be found in Schedule 1 of the Explanatory Statement. If you are uncertain whether your policies are included within the Scope of the Scheme please contact the helpline.
Scheme Creditors may access their contact records and details of their Policies and Unpaid Agreed Claims for all Scheme Companies as recorded on PRO’s systems by accessing the secure area of the website. If you do not already have your website user id and password please contact the helpline.

1.1	The Scheme Companies formerly underwrote Insurance Contracts ( as defined below) through one or more of the Agencies (Willis Faber (Underwriting Management) Limited (“WFUM”), Devonport Underwriting Agency Limited (“DUAL”) and Willis Faber & Dumas Limited (“WF&D”)). The Agencies administered these and also other Insurance Contracts on behalf of the Scheme Companies. Insurance Contracts which were underwritten for other companies through the Agencies, or administered by the Agencies, were subsequently transferred to Scheme Companies.

1.2	The Scheme document contains tables showing (i) any such transfers of which PRO is aware, (ii) the former names in which the Scheme Companies underwrote Insurance Contracts, and (iii) the underwriting stamps used by the Agencies (see .pdf below) to underwrite Agency Liabilities (defined below).

1.3	"Insurance Contracts" are contracts or policies of insurance, reinsurance or retrocession of any kind whatsoever entered into before the Effective Date of the Scheme by or on behalf of a Scheme Company, or in accordance with the terms of which the Scheme Company has assumed any liability.

2.	Agency Liabilities

2.1	Save as excluded in paragraph 4 below, "Agency Liabilities" are all liabilities arising under or in relation to the Insurance Contracts referred to in paragraph 1.1, including liabilities arising under any agreement entered into prior to the Effective Date of the Scheme by which the Scheme Company has commuted, settled or compromised all or part of its liability under any such Insurance Contract. For the avoidance of doubt, Agency Liabilities include all Liabilities arising under any agreement pursuant to which an insurance broker is entitled to brokerage or commission from the Scheme Company in respect of placing an Insurance Contract referred to in paragraph 1.1, and liabilities arising under rights of contribution and subrogation in respect of such an Insurance Contract.

3.	Other Liabilites

3.1	"Other Liabilities" are:

3.1.1	all liabilities of Sovereign excluding for the avoidance of doubt any which have become barred by virtue of the Original Sovereign Scheme;

3.1.2	all liabilities of Sovereign Insurance (UK) Limited ("Sovereign (UK)") and Greyfriars Insurance Company Limited ("Greyfriars");
	which are neither Agency Liabilities nor liabilities excluded by paragraph 4 below.

4.	Liabilities which are not agency or other liabilities

4.1	Agency Liabilities and Other Liabilities shall not include:

4.1.1	Liabilities in respect of fees, costs and expenses (including any tax thereon), in respect of services or advice, payable to service providers, excluding brokers, but including, without limitation, lawyers and loss adjusters, unless they are liabilities incurred by Sovereign before the Record Date (15 October 1999, being the date of the Original Sovereign Scheme) or are liabilities of Sovereign (UK) and Greyfriars.

4.1.2	Except in relation to Sovereign, Sovereign (UK) and Greyfriars any liability arising from a claim under an Insurance Contract to which section 6 of the Policyholders Protection Act 1975 refers, including, but not limited to, claims under compulsory United Kingdom employers' liability policies and the compulsory element of United Kingdom motor policies.

STAMPS

The WFUM Pools Stamps link below (‘.pdf’ document) will open the listing of stamps for policies underwritten and/or administered by:

Willis Faber (Underwriting Management) Limited (WFUM) and

Devonport Underwriting Agency Limited (DUAL) and

Willis Faber & Dumas Limited (WF&D).

Please be advised it may take 5 to 10 minutes to load the pdf document if you are using a dial up connection. To open the document click on the link below.

Quick Info
File Name	: WFUM Pools Stamp listing.pdf
Size	: 2234 KB
Open WFUM Pools Stamps

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Sovereign Marine & General Insurance Company Limited
8 Salisbury Square
LONDON
EC4Y 8BB
Registered No: 13855

Greyfriars Insurance Company Limited
8 Salisbury Square
LONDON
EC4Y 8BB
Registered No: 1554007

Sovereign Insurance (UK) Limited
8 Salisbury Square
LONDON
EC4Y 8BB
Registered No: 1618147

Allianz Insurance plc
57 Ladymead
Guildford
Surrey, GU1 1DB
Registered No: 84638

Heddington Insurance (U.K.) Limited
1 Westferry Circus
LONDON
E14 4HA
Registered No: 1298239

Mitsui Sumitomo Insurance Company (Europe), Limited
6th Floor
New London House
6 London Street
LONDON
EC3R 7LP
Registered No: 1063340

The Ocean Marine Insurance Company Limited
St Helen's
1 Undershaft
LONDON
EC3P 3DQ
Registered No: 27204

Oslo Reinsurance Company (UK) Limited
Quys Cottage
Gainsford End
Toppesfield
Halstead
Essex
C09 4EG
Registered No: 1038441

The Sea Insurance Company Limited
St Mark's Court
Chart Way
Horsham
West Sussex
RH12 1XL
Registered No: 10150

Sphere Drake Insurance Limited
Park Gate
161-163 Preston Road
Brighton
BN1 6AU
Registered No: 516540

Tokio Marine Europe Insurance Limited
150 Leadenhall Street
LONDON
EC3V 4TE
Registered No: 989421

Wausau Insurance Company (U.K.) Limited
31 Great George Street
Bristol
BS1 5QD
Registered No: 1230968