Transfer of Swiss Re Policies

This document, approved by the Australian Prudential Regulation Authority, outlines the key details of the Scheme. It provides important information including an overview of the Scheme, how the Scheme will affect policy owners, the rights of affected policy owners, how you can request to be heard in Court and the expected date that the Court will consider the application for confirmation of the Scheme.

This is the legal document that sets out the terms of the transfer and is subject to Court approval. It describes what happens as a result of Swiss Re transferring, and HLR Aus agreeing to accept and assume, Swiss Re's rights and liabilities associated with the transferring policies. The Scheme must be confirmed by the Court and regulatory approvals must be obtained for Swiss Re and HLR Aus to proceed with the transfer.

This document, approved by the Australian Prudential Regulation Authority, is the formal notice to affected policy owners about the Scheme.

These are actuarial reports assessing the impact of the Scheme on the interests of affected policy owners. An actuarial report has been prepared by each of Swiss Re's Appointed Actuary, HLR Aus’ Appointed Actuary and an independent actuary.

The scheme will take effect on the transfer date approved by the Federal Court (Effective Time), which the parties have proposed will be at 12:01am on 1 December 2025.

For all of the Transferring Life Policies, the Scheme will not affect

Any premiums payable will now be paid to HLR Aus. Unless we let you know otherwise, your payment arrangements will stay the same and update automatically. Some transferring policy owners may notice a change to the reference that appears on their bank statements.

The costs associated with the Scheme, including the Federal Court application, will be met by Swiss Re and HLR Aus. Swiss Re policy owners and HLR Aus policy owners will not incur any of those costs.

If the Federal Court confirms the Scheme, then from the Effective Time, all claims, enquiries and other questions about your policy should be directed to the relevant support teams during the opening times (except for public holidays) as per the table below.

* On and from the Effective Time, Woolworths branded products will be rebranded to “Safeway Life Insurance”, "Safeway Life Funeral Insurance" and "Safeway Life Insurance - Accident Only" (as applicable).

The Scheme has been considered by several different groups including the appointed actuaries of Swiss Re and HLR Aus, as well as by APRA.

Please contact us by email at askus[at]hannover-re.com or using the below details and opening times (except for public holidays) if you have any questions about the Scheme.

* On and from the Effective Time, Woolworths branded products will be rebranded to “Safeway Life Insurance”, "Safeway Life Funeral Insurance" and "Safeway Life Insurance - Accident Only" (as applicable).