<?xml version="1.0" encoding="UTF-8"?>
<!--(C) EIOPA - XBRL Taxonomy-->
<?officialURI http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/ap/mem-lab-en.xml?>
<?taxonomy-version 2.6.0?>
<?taxonomy-date 2021-07-15?>
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x1" xlink:label="loc_s2c_x1" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x1" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Full internal model</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x1" xlink:to="label_s2c_x1" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x2" xlink:label="loc_s2c_x2" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Partial internal model</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x2" xlink:to="label_s2c_x2" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x3" xlink:label="loc_s2c_x3" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x3" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard formula</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x3" xlink:to="label_s2c_x3" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x4" xlink:label="loc_s2c_x4" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x4" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard formula or partial internal model</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x4" xlink:to="label_s2c_x4" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5" xlink:label="loc_s2c_x5" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Use of undertaking specific parameters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5" xlink:to="label_s2c_x5" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x6" xlink:label="loc_s2c_x6" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x6" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Don’t use undertaking specific parameters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x6" xlink:to="label_s2c_x6" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7" xlink:label="loc_s2c_x7" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Use of volatility adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7" xlink:to="label_s2c_x7" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x8" xlink:label="loc_s2c_x8" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x8" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No use of volatility adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x8" xlink:to="label_s2c_x8" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x9" xlink:label="loc_s2c_x9" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x9" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Use of transitional measure on the risk-free interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x9" xlink:to="label_s2c_x9" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x10" xlink:label="loc_s2c_x10" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x10" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No use of transitional measure on the risk-free interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x10" xlink:to="label_s2c_x10" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x11" xlink:label="loc_s2c_x11" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x11" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Use of transitional measure on technical provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x11" xlink:to="label_s2c_x11" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x12" xlink:label="loc_s2c_x12" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x12" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No use of transitional measure on technical provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x12" xlink:to="label_s2c_x12" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x13" xlink:label="loc_s2c_x13" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x13" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Use of group specific parameters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x13" xlink:to="label_s2c_x13" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x14" xlink:label="loc_s2c_x14" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x14" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Don’t use group specific parameters</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x14" xlink:to="label_s2c_x14" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x15" xlink:label="loc_s2c_x15" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x15" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">RFF under article 304 - with the option for the equity risk sub-module</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x15" xlink:to="label_s2c_x15" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">RFF under article 304 - without the option for the equity risk sub-module</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x17" xlink:label="loc_s2c_x17" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x17" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">RFF not under article 304</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x17" xlink:to="label_s2c_x17" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x18" xlink:label="loc_s2c_x18" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x18" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Use of matching adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x18" xlink:to="label_s2c_x18" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x19" xlink:label="loc_s2c_x19" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x19" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">USP gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x19" xlink:to="label_s2c_x19" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x20" xlink:label="loc_s2c_x20" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x20" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">USP net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x20" xlink:to="label_s2c_x20" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x21" xlink:label="loc_s2c_x21" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x21" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Material</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x21" xlink:to="label_s2c_x21" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x22" xlink:label="loc_s2c_x22" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x22" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not material</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x22" xlink:to="label_s2c_x22" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x23" xlink:label="loc_s2c_x23" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x23" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Individual Internal Model</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x23" xlink:to="label_s2c_x23" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x24" xlink:label="loc_s2c_x24" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x24" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Group Internal Model</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x24" xlink:to="label_s2c_x24" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x25" xlink:label="loc_s2c_x25" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x25" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Future management actions regarding the loss-absorbing capacity of technical provisions embedded within the component</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x25" xlink:to="label_s2c_x25" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x26" xlink:label="loc_s2c_x26" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x26" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Future management actions regarding the loss-absorbing capacity of deferred taxes embedded within the component</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x26" xlink:to="label_s2c_x26" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x27" xlink:label="loc_s2c_x27" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x27" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Future management actions regarding the loss-absorbing capacity of technical provisions and deferred taxes embedded within the component</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x27" xlink:to="label_s2c_x27" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x28" xlink:label="loc_s2c_x28" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x28" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No embedded consideration of future management actions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x28" xlink:to="label_s2c_x28" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x29" xlink:label="loc_s2c_x29" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x29" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Compliance with fully-funded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x29" xlink:to="label_s2c_x29" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x30" xlink:label="loc_s2c_x30" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x30" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-compliance with fully-funded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x30" xlink:to="label_s2c_x30" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x31" xlink:label="loc_s2c_x31" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x31" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Prior to 31 December 2015</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x31" xlink:to="label_s2c_x31" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">After 31 December 2015</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x33" xlink:label="loc_s2c_x33" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x33" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x33" xlink:to="label_s2c_x33" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x34" xlink:label="loc_s2c_x34" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x34" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications not used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x34" xlink:to="label_s2c_x34" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x35" xlink:label="loc_s2c_x35" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x35" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Full recalculation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x35" xlink:to="label_s2c_x35" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x36" xlink:label="loc_s2c_x36" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x36" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplification at risk sub-module level</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x36" xlink:to="label_s2c_x36" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x37" xlink:label="loc_s2c_x37" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x37" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplification at risk module level</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x37" xlink:to="label_s2c_x37" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x38" xlink:label="loc_s2c_x38" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x38" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x38" xlink:to="label_s2c_x38" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x39" xlink:label="loc_s2c_x39" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x39" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Increase in the amount of annuity benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x39" xlink:to="label_s2c_x39" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">None</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x41" xlink:label="loc_s2c_x41" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x41" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard deviation for NSLT health premium risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x41" xlink:to="label_s2c_x41" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x42" xlink:label="loc_s2c_x42" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x42" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard deviation for NSLT health gross premium risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x42" xlink:to="label_s2c_x42" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x43" xlink:label="loc_s2c_x43" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x43" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment factor for non-proportional reinsurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x43" xlink:to="label_s2c_x43" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x44" xlink:label="loc_s2c_x44" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x44" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard deviation for NSLT health reserve risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x44" xlink:to="label_s2c_x44" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x45" xlink:label="loc_s2c_x45" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x45" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard deviation for non-life premium risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x45" xlink:to="label_s2c_x45" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x46" xlink:label="loc_s2c_x46" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x46" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard deviation for non-life gross premium risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x46" xlink:to="label_s2c_x46" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x47" xlink:label="loc_s2c_x47" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x47" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Standard deviation for non-life reserve risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x47" xlink:to="label_s2c_x47" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x48" xlink:label="loc_s2c_x48" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x48" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Full look-through</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x48" xlink:to="label_s2c_x48" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x49" xlink:label="loc_s2c_x49" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x49" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">“Simplified” look-through based on the underlying asset allocation or last reported asset allocation with data grouping</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x49" xlink:to="label_s2c_x49" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x50" xlink:label="loc_s2c_x50" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x50" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">“Simplified” look-through based on the underlying asset allocation or last reported asset allocation without data grouping</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x50" xlink:to="label_s2c_x50" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x53" xlink:label="loc_s2c_x53" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x53" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">CIUs for which for the “equity risk type 2” was applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x53" xlink:to="label_s2c_x53" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x54" xlink:label="loc_s2c_x54" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x54" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No use of any specific SCR calculation approach for CIUs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x54" xlink:to="label_s2c_x54" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x55" xlink:label="loc_s2c_x55" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x55" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Approach based on average tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x55" xlink:to="label_s2c_x55" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x56" xlink:label="loc_s2c_x56" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x56" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Approach not based on average tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x56" xlink:to="label_s2c_x56" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x57" xlink:label="loc_s2c_x57" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x57" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 105a</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x57" xlink:to="label_s2c_x57" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x58" xlink:label="loc_s2c_x58" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x58" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 96a</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x58" xlink:to="label_s2c_x58" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x59" xlink:label="loc_s2c_x59" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x59" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90a</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x59" xlink:to="label_s2c_x59" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x60" xlink:label="loc_s2c_x60" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x60" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90c</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x60" xlink:to="label_s2c_x60" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x61" xlink:label="loc_s2c_x61" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x61" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90b</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x61" xlink:to="label_s2c_x61" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x62" xlink:label="loc_s2c_x62" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x62" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 95</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x62" xlink:to="label_s2c_x62" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x63" xlink:label="loc_s2c_x63" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x63" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 95a</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x63" xlink:to="label_s2c_x63" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x64" xlink:label="loc_s2c_x64" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x64" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 104</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x64" xlink:to="label_s2c_x64" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x65" xlink:label="loc_s2c_x65" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x65" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 109 (Simplification pooling arrangements)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x65" xlink:to="label_s2c_x65" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x66" xlink:label="loc_s2c_x66" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x66" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 110 (Simplification grouping single name exposures)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x66" xlink:to="label_s2c_x66" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x67" xlink:label="loc_s2c_x67" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x67" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 112a (Simplification of the LGD for reinsurance arrangements)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x67" xlink:to="label_s2c_x67" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x68" xlink:label="loc_s2c_x68" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x68" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 112b (Simplification for type 1 exposures)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x68" xlink:to="label_s2c_x68" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x69" xlink:label="loc_s2c_x69" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x69" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 111 (Simplification for the risk-mitigating effect of reinsurance arrangements)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x69" xlink:to="label_s2c_x69" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x70" xlink:label="loc_s2c_x70" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x70" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 102a</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x70" xlink:to="label_s2c_x70" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x71" xlink:label="loc_s2c_x71" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x71" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90b windstorm</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x71" xlink:to="label_s2c_x71" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x72" xlink:label="loc_s2c_x72" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x72" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90b earthquake</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x72" xlink:to="label_s2c_x72" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x73" xlink:label="loc_s2c_x73" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x73" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90b flood</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x73" xlink:to="label_s2c_x73" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x74" xlink:label="loc_s2c_x74" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x74" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90b hail</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x74" xlink:to="label_s2c_x74" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x75" xlink:label="loc_s2c_x75" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x75" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 90b subsidence</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x75" xlink:to="label_s2c_x75" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x76" xlink:label="loc_s2c_x76" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x76" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on simplified SCR calculation for debt portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x76" xlink:to="label_s2c_x76" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x77" xlink:label="loc_s2c_x77" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x77" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Approach based on average tax rate is not applicable as LAC DT is not used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x77" xlink:to="label_s2c_x77" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x78" xlink:label="loc_s2c_x78" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x78" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Simplifications based on article 102</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x78" xlink:to="label_s2c_x78" />
  </link:labelLink>
</link:linkbase>