<?xml version="1.0" encoding="UTF-8"?>
<!--(C) EIOPA - XBRL Taxonomy-->
<?officialURI http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/lb/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">Accident and sickness</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">Motor</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">Fire and other damage to property</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">Aviation, marine and transport</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">General liability</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">Credit and suretyship</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">Non-life other than accident and sickness, motor, fire and other damage to property, aviation, marine and transport, general liability, credit and suretyship</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">ABS [asset backed securities]</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">Annuities stemming from non-life insurance contracts</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">Annuities stemming from non-life insurance contracts and relating to health insurance obligations</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">Annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations</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">Assistance [direct business and accepted proportional reinsurance]</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">Branch</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">Casualty [accepted non-proportional reinsurance]</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">CDO [collateralised debt obligations]</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">CDOp [credit default options]</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">CDS [credit default swaps]</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">CLN [credit linked notes and deposits]</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">CLO [collateralised loan obligations]</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">CMBS [commercial mortgage backed securities]</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">CMO [collateralised mortgage obligations]</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">CMS [constant maturity swaps]</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">Still commercialised</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">Common to other products</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">Contracts with options and guarantees</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">Contracts without options and guarantees</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">Credit and suretyship insurance [direct business and accepted proportional reinsurance]</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">Direct Business</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">Direct Business and proportional reinsurance accepted</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">ELN [Equity-linked and Equity Index Linked notes and deposits]</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">Fire and other damage to property insurance [direct business and accepted proportional reinsurance]</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">Freedom to provide services by undertaking</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">FXCLN [FX and commodity-linked notes and deposits]</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">General liability insurance [direct business and accepted proportional reinsurance]</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">Health</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">Health - collective [HC]</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">Health - hybrid [HH]</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">Health - join life [HJ]</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">Health - other [HO]</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">Health - pension funds [HP]</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">Health - single life [HS]</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">Health [accepted non-proportional reinsurance]</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">Health non-SLT</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">Health non-SLT [direct business and accepted proportional reinsurance]</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">Health SLT</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">Health SLT and annuities stemming from non-life insurance contracts and relating to health insurance obligations</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">HLN [Hybrid linked notes and deposits - includes Real Estate and equity securities]</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">The life insurance referred to in points [a][i], [ii] and [iii] of Article 2[3] excluding those referred to in II and III</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">Marriage assurance, birth assurance</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">The insurance referred to in points [a][i] and [ii] of Article 2[3], which are linked to investment funds</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_x51" xlink:label="loc_s2c_x51" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x51" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">ILN [Insurance-linked Notes and deposits, including Catastrophe and Weather Risk as well as Mortality Risk]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x51" xlink:to="label_s2c_x51" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x52" xlink:label="loc_s2c_x52" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x52" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Income protection insurance [direct business and accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x52" xlink:to="label_s2c_x52" />
    <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">Insurance with profit participation</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">Insurance with profit participation [future discretionary benefits]</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">Insurance with profit participation [guaranteed benefits]</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">IRLN [Interest rate-linked notes and deposits]</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">Permanent health insurance, referred to in point [a][iv] of Article 2[3]</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">The operations referred to in Article 2[3][c]</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">Legal expenses insurance [direct business and accepted proportional reinsurance]</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">Life</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">Life [other than annuities stemming from non-life insurance contracts and relating to health insurance obligations]</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">Life [other than health]</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">Life [other than Index-linked and unit-linked insurance and Health SLT]</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">Life [other than unit-linked or index-linked]</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">Life and Health SLT</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">Marine, aviation and transport insurance [direct business and accepted proportional reinsurance]</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">Marine, aviation, transport [accepted non-proportional reinsurance]</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">MBS [mortgage backed securities]</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">Medical expense insurance [direct business and accepted proportional reinsurance]</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">Miscellaneous financial loss [direct business and accepted proportional reinsurance]</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">MLN [Market-linked notes and deposits]</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">Motor other than motor vehicle liability insurance [except carrier's liability]</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">Motor vehicle liability insurance [direct business and accepted proportional reinsurance]</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">Motor vehicle liability insurance [except carrier's liability]</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">Non-life</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">Non-life [accepted non-proportional reinsurance]</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">Non-life [direct business and accepted proportional reinsurance]</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">Non-life [other than health non-SLT]</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:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x79" xlink:label="loc_s2c_x79" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x79" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life and Health non-SLT</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x79" xlink:to="label_s2c_x79" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x80" xlink:label="loc_s2c_x80" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x80" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life and Health non-SLT [accepted non-proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x80" xlink:to="label_s2c_x80" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x81" xlink:label="loc_s2c_x81" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x81" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life and Health non-SLT [direct business and accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x81" xlink:to="label_s2c_x81" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x82" xlink:label="loc_s2c_x82" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x82" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life annuities - collective [AC]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x82" xlink:to="label_s2c_x82" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x83" xlink:label="loc_s2c_x83" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x83" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life annuities - hybrid [AH]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x83" xlink:to="label_s2c_x83" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x84" xlink:label="loc_s2c_x84" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x84" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life annuities - join life [AJ]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x84" xlink:to="label_s2c_x84" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x85" xlink:label="loc_s2c_x85" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x85" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life annuities - other [AO]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x85" xlink:to="label_s2c_x85" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x86" xlink:label="loc_s2c_x86" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x86" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life annuities - pension funds [AP]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x86" xlink:to="label_s2c_x86" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x87" xlink:label="loc_s2c_x87" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x87" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life annuities - single life [AS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x87" xlink:to="label_s2c_x87" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x88" xlink:label="loc_s2c_x88" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x88" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-proportional reinsurance accepted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x88" xlink:to="label_s2c_x88" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x89" xlink:label="loc_s2c_x89" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x89" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">In run-off</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x89" xlink:to="label_s2c_x89" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x90" xlink:label="loc_s2c_x90" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x90" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not common to other products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x90" xlink:to="label_s2c_x90" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x91" xlink:label="loc_s2c_x91" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x91" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Neither unit-linked nor index-linked</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x91" xlink:to="label_s2c_x91" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x92" xlink:label="loc_s2c_x92" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x92" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other [O]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x92" xlink:to="label_s2c_x92" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x93" xlink:label="loc_s2c_x93" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x93" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x93" xlink:to="label_s2c_x93" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x94" xlink:label="loc_s2c_x94" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x94" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life - collective [OC]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x94" xlink:to="label_s2c_x94" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x95" xlink:label="loc_s2c_x95" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x95" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life - hybrid [OH]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x95" xlink:to="label_s2c_x95" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x96" xlink:label="loc_s2c_x96" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x96" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life - join life [OJ]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x96" xlink:to="label_s2c_x96" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x97" xlink:label="loc_s2c_x97" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x97" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life - other [OO]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x97" xlink:to="label_s2c_x97" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x98" xlink:label="loc_s2c_x98" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x98" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life - pension funds [OP]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x98" xlink:to="label_s2c_x98" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x99" xlink:label="loc_s2c_x99" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x99" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life - single life [OS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x99" xlink:to="label_s2c_x99" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x100" xlink:label="loc_s2c_x100" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x100" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other life, annuities and Health SLT</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x100" xlink:to="label_s2c_x100" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x101" xlink:label="loc_s2c_x101" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x101" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other motor insurance [direct business and accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x101" xlink:to="label_s2c_x101" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x102" xlink:label="loc_s2c_x102" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x102" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Product is considered replicable by a financial instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x102" xlink:to="label_s2c_x102" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x103" xlink:label="loc_s2c_x103" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x103" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Product is not considered replicable by a financial instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x103" xlink:to="label_s2c_x103" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x104" xlink:label="loc_s2c_x104" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x104" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Product with surrender option</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x104" xlink:to="label_s2c_x104" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x105" xlink:label="loc_s2c_x105" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x105" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Product without surrender option</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x105" xlink:to="label_s2c_x105" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x106" xlink:label="loc_s2c_x106" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x106" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Property [accepted non-proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x106" xlink:to="label_s2c_x106" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x107" xlink:label="loc_s2c_x107" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x107" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Proportional reinsurance accepted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x107" xlink:to="label_s2c_x107" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x158" xlink:label="loc_s2c_x158" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x158" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Assistance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x158" xlink:to="label_s2c_x158" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x159" xlink:label="loc_s2c_x159" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x159" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Miscellaneous financial loss [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x159" xlink:to="label_s2c_x159" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x160" xlink:label="loc_s2c_x160" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x160" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health reinsurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x160" xlink:to="label_s2c_x160" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x161" xlink:label="loc_s2c_x161" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x161" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life reinsurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x161" xlink:to="label_s2c_x161" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x162" xlink:label="loc_s2c_x162" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x162" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Freedom to provide services by the branch</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x162" xlink:to="label_s2c_x162" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x163" xlink:label="loc_s2c_x163" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x163" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Freedom to provide services [FPS] and Freedom to provide services by the branches</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x163" xlink:to="label_s2c_x163" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x164" xlink:label="loc_s2c_x164" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x164" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health - pension entitlements [HE]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x164" xlink:to="label_s2c_x164" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x165" xlink:label="loc_s2c_x165" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x165" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Single premium with possibility of additional premiums with additional guarantee according to amount paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x165" xlink:to="label_s2c_x165" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x166" xlink:label="loc_s2c_x166" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x166" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Contracts linked to inflation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x166" xlink:to="label_s2c_x166" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x167" xlink:label="loc_s2c_x167" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x167" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x167" xlink:to="label_s2c_x167" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x168" xlink:label="loc_s2c_x168" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x168" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Multiline</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x168" xlink:to="label_s2c_x168" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x169" xlink:label="loc_s2c_x169" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x169" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Typical branch activity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x169" xlink:to="label_s2c_x169" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x170" xlink:label="loc_s2c_x170" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x170" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total amount of LoB for all currencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x170" xlink:to="label_s2c_x170" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x171" xlink:label="loc_s2c_x171" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x171" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">By currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x171" xlink:to="label_s2c_x171" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x172" xlink:label="loc_s2c_x172" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x172" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life and annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x172" xlink:to="label_s2c_x172" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x173" xlink:label="loc_s2c_x173" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x173" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life and annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations [other than unit-linked or index-linked]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x173" xlink:to="label_s2c_x173" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x174" xlink:label="loc_s2c_x174" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x174" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Undertaking</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x174" xlink:to="label_s2c_x174" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x175" xlink:label="loc_s2c_x175" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x175" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Typical undertaking activity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x175" xlink:to="label_s2c_x175" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x176" xlink:label="loc_s2c_x176" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x176" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life and Health SLT [other than unit-linked or index-linked]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x176" xlink:to="label_s2c_x176" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x177" xlink:label="loc_s2c_x177" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x177" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Pillar II pension entitlements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x177" xlink:to="label_s2c_x177" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x178" xlink:label="loc_s2c_x178" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x178" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Pillar II defined benefit pension entitlements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x178" xlink:to="label_s2c_x178" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x179" xlink:label="loc_s2c_x179" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x179" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Pillar II defined contribution pension entitlements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x179" xlink:to="label_s2c_x179" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x180" xlink:label="loc_s2c_x180" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x180" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Pillar II hybrid pension entitlements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x180" xlink:to="label_s2c_x180" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x181" xlink:label="loc_s2c_x181" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x181" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life and Health non-SLT [accepted reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x181" xlink:to="label_s2c_x181" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x182" xlink:label="loc_s2c_x182" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x182" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Pension entitlements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x182" xlink:to="label_s2c_x182" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x183" xlink:label="loc_s2c_x183" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x183" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Medical expense insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x183" xlink:to="label_s2c_x183" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x184" xlink:label="loc_s2c_x184" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x184" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Income protection insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x184" xlink:to="label_s2c_x184" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x185" xlink:label="loc_s2c_x185" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x185" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Workers' compensation insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x185" xlink:to="label_s2c_x185" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x186" xlink:label="loc_s2c_x186" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x186" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Motor vehicle liability insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x186" xlink:to="label_s2c_x186" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x187" xlink:label="loc_s2c_x187" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x187" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other motor insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x187" xlink:to="label_s2c_x187" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x188" xlink:label="loc_s2c_x188" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x188" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Marine, aviation and transport insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x188" xlink:to="label_s2c_x188" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x189" xlink:label="loc_s2c_x189" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x189" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Fire and other damage to property insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x189" xlink:to="label_s2c_x189" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x190" xlink:label="loc_s2c_x190" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x190" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General liability insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x190" xlink:to="label_s2c_x190" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x191" xlink:label="loc_s2c_x191" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x191" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit and suretyship insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x191" xlink:to="label_s2c_x191" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x192" xlink:label="loc_s2c_x192" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x192" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Legal expenses insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x192" xlink:to="label_s2c_x192" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x193" xlink:label="loc_s2c_x193" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x193" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Assistance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x193" xlink:to="label_s2c_x193" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x194" xlink:label="loc_s2c_x194" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x194" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Miscellaneous financial loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x194" xlink:to="label_s2c_x194" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x195" xlink:label="loc_s2c_x195" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x195" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Casualty</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x195" xlink:to="label_s2c_x195" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x196" xlink:label="loc_s2c_x196" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x196" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Marine, aviation, transport</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x196" xlink:to="label_s2c_x196" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x197" xlink:label="loc_s2c_x197" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x197" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x197" xlink:to="label_s2c_x197" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x198" xlink:label="loc_s2c_x198" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x198" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Single life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x198" xlink:to="label_s2c_x198" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x199" xlink:label="loc_s2c_x199" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x199" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Joint life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x199" xlink:to="label_s2c_x199" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x200" xlink:label="loc_s2c_x200" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x200" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Collective</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x200" xlink:to="label_s2c_x200" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x201" xlink:label="loc_s2c_x201" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x201" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x201" xlink:to="label_s2c_x201" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x202" xlink:label="loc_s2c_x202" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x202" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Structured products other than CLN, CMS, ABS, MBS, CMBS, CDO, CLO, CMO, IRLN, ELN, FXCLN, HLN, MLN and ILN</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x202" xlink:to="label_s2c_x202" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x203" xlink:label="loc_s2c_x203" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x203" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life underwriting risk / revision risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x203" xlink:to="label_s2c_x203" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x204" xlink:label="loc_s2c_x204" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x204" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health SLT underwriting risk / revision risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x204" xlink:to="label_s2c_x204" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x205" xlink:label="loc_s2c_x205" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x205" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health NSLT premium and reserve risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x205" xlink:to="label_s2c_x205" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x206" xlink:label="loc_s2c_x206" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x206" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non Life premium and reserve risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x206" xlink:to="label_s2c_x206" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x207" xlink:label="loc_s2c_x207" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x207" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Market risk / spread risk (bonds and loans)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x207" xlink:to="label_s2c_x207" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x208" xlink:label="loc_s2c_x208" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x208" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Market risk / interest rate risk (captives)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x208" xlink:to="label_s2c_x208" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x209" xlink:label="loc_s2c_x209" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x209" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Market risk / spread risk (bonds and loans) (captives)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x209" xlink:to="label_s2c_x209" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x210" xlink:label="loc_s2c_x210" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x210" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Market risk / market risk concentration (captives)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x210" xlink:to="label_s2c_x210" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x211" xlink:label="loc_s2c_x211" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x211" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Counterparty default risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x211" xlink:to="label_s2c_x211" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x212" xlink:label="loc_s2c_x212" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x212" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life underwriting risk / mortality risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x212" xlink:to="label_s2c_x212" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x213" xlink:label="loc_s2c_x213" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x213" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life underwriting risk / longevity risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x213" xlink:to="label_s2c_x213" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x214" xlink:label="loc_s2c_x214" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x214" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life underwriting risk / disability-morbidity risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x214" xlink:to="label_s2c_x214" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x215" xlink:label="loc_s2c_x215" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x215" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life underwriting risk / lapse risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x215" xlink:to="label_s2c_x215" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x216" xlink:label="loc_s2c_x216" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x216" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life underwriting risk / life expense risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x216" xlink:to="label_s2c_x216" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x217" xlink:label="loc_s2c_x217" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x217" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life underwriting risk / life catastrophe risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x217" xlink:to="label_s2c_x217" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x218" xlink:label="loc_s2c_x218" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x218" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health underwriting risk / mortality risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x218" xlink:to="label_s2c_x218" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x219" xlink:label="loc_s2c_x219" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x219" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health underwriting risk / longevity risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x219" xlink:to="label_s2c_x219" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x220" xlink:label="loc_s2c_x220" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x220" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health underwriting risk / disability-morbidity risk (medical expenses)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x220" xlink:to="label_s2c_x220" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x221" xlink:label="loc_s2c_x221" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x221" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health underwriting risk / disability-morbidity risk (income protection)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x221" xlink:to="label_s2c_x221" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x222" xlink:label="loc_s2c_x222" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x222" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health SLT underwriting risk / lapse risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x222" xlink:to="label_s2c_x222" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x223" xlink:label="loc_s2c_x223" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x223" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Health underwriting risk / life expense risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x223" xlink:to="label_s2c_x223" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x224" xlink:label="loc_s2c_x224" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x224" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-Life underwriting risk / premium and reserve risk (captives)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x224" xlink:to="label_s2c_x224" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5000" xlink:label="loc_s2c_x5000" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5000" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">IORP providing protection in line with Art. 15(1) of IORP Directive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5000" xlink:to="label_s2c_x5000" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5001" xlink:label="loc_s2c_x5001" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5001" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">IORP not providing protection in line with Art. 15(1) of IORP Directive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5001" xlink:to="label_s2c_x5001" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5002" xlink:label="loc_s2c_x5002" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5002" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Occupational retirement business of insurance undertakings as referred to in Art. 4 of IORP Directive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5002" xlink:to="label_s2c_x5002" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5003" xlink:label="loc_s2c_x5003" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5003" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Pension fund provides DB schemes only</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5003" xlink:to="label_s2c_x5003" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5004" xlink:label="loc_s2c_x5004" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5004" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Pension fund provides DC schemes only</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5004" xlink:to="label_s2c_x5004" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5005" xlink:label="loc_s2c_x5005" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5005" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Nationally regulated occupational pension fund not regulated by IORP Directive ('non-IORP')</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5005" xlink:to="label_s2c_x5005" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5006" xlink:label="loc_s2c_x5006" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5006" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Mixed pension fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5006" xlink:to="label_s2c_x5006" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5007" xlink:label="loc_s2c_x5007" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5007" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Single-employer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5007" xlink:to="label_s2c_x5007" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5008" xlink:label="loc_s2c_x5008" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5008" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Multi-employer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5008" xlink:to="label_s2c_x5008" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5009" xlink:label="loc_s2c_x5009" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5009" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Support from the employer in the form of increased contributions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5009" xlink:to="label_s2c_x5009" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5010" xlink:label="loc_s2c_x5010" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5010" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No support from the employer in the form of increased contributions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5010" xlink:to="label_s2c_x5010" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5011" xlink:label="loc_s2c_x5011" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5011" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Support from the employees in the form of increased contributions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5011" xlink:to="label_s2c_x5011" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5012" xlink:label="loc_s2c_x5012" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5012" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No support from the employees in the form of increased contributions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5012" xlink:to="label_s2c_x5012" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5013" xlink:label="loc_s2c_x5013" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5013" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Subsidiary liability of the sponsor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5013" xlink:to="label_s2c_x5013" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5014" xlink:label="loc_s2c_x5014" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5014" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No subsidiary liability of the sponsor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5014" xlink:to="label_s2c_x5014" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5015" xlink:label="loc_s2c_x5015" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5015" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Support in the form of other claims on the sponsor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5015" xlink:to="label_s2c_x5015" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5016" xlink:label="loc_s2c_x5016" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5016" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No support in the form of other claims on the sponsor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5016" xlink:to="label_s2c_x5016" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5017" xlink:label="loc_s2c_x5017" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5017" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other forms of support</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5017" xlink:to="label_s2c_x5017" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5018" xlink:label="loc_s2c_x5018" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5018" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No other forms of support</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5018" xlink:to="label_s2c_x5018" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5019" xlink:label="loc_s2c_x5019" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5019" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Benefit reductions due to sponsor default were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5019" xlink:to="label_s2c_x5019" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5020" xlink:label="loc_s2c_x5020" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5020" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No benefit reductions due to sponsor default were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5020" xlink:to="label_s2c_x5020" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5021" xlink:label="loc_s2c_x5021" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5021" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Ex-post benefit reductions were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5021" xlink:to="label_s2c_x5021" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5022" xlink:label="loc_s2c_x5022" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5022" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No ex-post benefit reductions were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5022" xlink:to="label_s2c_x5022" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5023" xlink:label="loc_s2c_x5023" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5023" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Ex-ante benefit reductions were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5023" xlink:to="label_s2c_x5023" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5024" xlink:label="loc_s2c_x5024" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5024" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No ex-ante benefit reductions were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5024" xlink:to="label_s2c_x5024" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5025" xlink:label="loc_s2c_x5025" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5025" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other benefit reductions were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5025" xlink:to="label_s2c_x5025" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5026" xlink:label="loc_s2c_x5026" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5026" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">No other benefit reductions were applied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5026" xlink:to="label_s2c_x5026" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5027" xlink:label="loc_s2c_x5027" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5027" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Support from a pension protection scheme was used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5027" xlink:to="label_s2c_x5027" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5028" xlink:label="loc_s2c_x5028" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5028" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Support from a pension protection scheme was not used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5028" xlink:to="label_s2c_x5028" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5029" xlink:label="loc_s2c_x5029" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5029" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Defined benefit and Defined benefit part of Mixed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5029" xlink:to="label_s2c_x5029" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5030" xlink:label="loc_s2c_x5030" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5030" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Defined contribution and Defined contribution part of Mixed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5030" xlink:to="label_s2c_x5030" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5034" xlink:label="loc_s2c_x5034" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5034" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not allocated to a scheme type or specific portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5034" xlink:to="label_s2c_x5034" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5036" xlink:label="loc_s2c_x5036" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5036" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not allocated to occupational or personal pension portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5036" xlink:to="label_s2c_x5036" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5037" xlink:label="loc_s2c_x5037" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5037" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">IORP providing protection in line with Art. 15(1) of IORP Directive (all activity under the Directive)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5037" xlink:to="label_s2c_x5037" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5038" xlink:label="loc_s2c_x5038" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5038" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">IORP part of an IORP providing protection in line with Art. 15(1) of IORP Directive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5038" xlink:to="label_s2c_x5038" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5039" xlink:label="loc_s2c_x5039" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5039" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-IORP part of an IORP providing protection in line with Art. 15(1) of IORP Directive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5039" xlink:to="label_s2c_x5039" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5040" xlink:label="loc_s2c_x5040" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5040" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">IORP not providing protection in line with Art. 15(1) of IORP Directive (all activity under the Directive)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5040" xlink:to="label_s2c_x5040" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5041" xlink:label="loc_s2c_x5041" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5041" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">IORP part of an IORP not providing protection in line with Art. 15(1) of IORP Directive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5041" xlink:to="label_s2c_x5041" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5042" xlink:label="loc_s2c_x5042" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5042" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-IORP part of an IORP not providing protection in line with Art. 15(1) of IORP Directive</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5042" xlink:to="label_s2c_x5042" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x6000" xlink:label="loc_s2c_x6000" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x6000" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Claims of pension funds on pension managers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x6000" xlink:to="label_s2c_x6000" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x6001" xlink:label="loc_s2c_x6001" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x6001" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Entitlements to non-pension benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x6001" xlink:to="label_s2c_x6001" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7000" xlink:label="loc_s2c_x7000" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7000" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Generic</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7000" xlink:to="label_s2c_x7000" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7001" xlink:label="loc_s2c_x7001" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7001" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Basic PEPP variant</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7001" xlink:to="label_s2c_x7001" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7002" xlink:label="loc_s2c_x7002" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7002" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Variant with alternative investment options</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7002" xlink:to="label_s2c_x7002" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x108" xlink:label="loc_s2c_x108" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x108" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Regular premium [R]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x108" xlink:to="label_s2c_x108" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x109" xlink:label="loc_s2c_x109" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x109" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Reinsurance accepted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x109" xlink:to="label_s2c_x109" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x110" xlink:label="loc_s2c_x110" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x110" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Single premium paid under a pre-determined schedule without pre-determined amounts and with additional guarantee according to amount paid [S]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x110" xlink:to="label_s2c_x110" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x111" xlink:label="loc_s2c_x111" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x111" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Single premium without any pre-determined schedule with additional guarantee according to amount paid [NS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x111" xlink:to="label_s2c_x111" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x112" xlink:label="loc_s2c_x112" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x112" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Single premium without possibility to pay an additional premium in the future [NF]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x112" xlink:to="label_s2c_x112" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x113" xlink:label="loc_s2c_x113" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x113" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked - collective [UC]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x113" xlink:to="label_s2c_x113" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x114" xlink:label="loc_s2c_x114" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x114" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked - hybrid [UH]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x114" xlink:to="label_s2c_x114" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x115" xlink:label="loc_s2c_x115" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x115" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked - join life [UJ]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x115" xlink:to="label_s2c_x115" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x116" xlink:label="loc_s2c_x116" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x116" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked - other [UO]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x116" xlink:to="label_s2c_x116" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x117" xlink:label="loc_s2c_x117" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x117" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked - pension funds [UP]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x117" xlink:to="label_s2c_x117" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x118" xlink:label="loc_s2c_x118" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x118" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked - single life [US]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x118" xlink:to="label_s2c_x118" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x119" xlink:label="loc_s2c_x119" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x119" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked or index-linked</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x119" xlink:to="label_s2c_x119" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x120" xlink:label="loc_s2c_x120" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x120" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Unit-linked or index-linked other than variable annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x120" xlink:to="label_s2c_x120" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x121" xlink:label="loc_s2c_x121" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x121" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Tontines, referred to in point [b][i] of Article 2[3]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x121" xlink:to="label_s2c_x121" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x122" xlink:label="loc_s2c_x122" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x122" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Variable annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x122" xlink:to="label_s2c_x122" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x123" xlink:label="loc_s2c_x123" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x123" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Capital redemption operations, referred to in point [b][ii] of Article 2[3]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x123" xlink:to="label_s2c_x123" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x124" xlink:label="loc_s2c_x124" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x124" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Management of group pension funds, referred to in point [b][iii] and [iv] of Article 2[3]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x124" xlink:to="label_s2c_x124" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x125" xlink:label="loc_s2c_x125" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x125" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">The operations referred to in point [b][v] of Article 2[3]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x125" xlink:to="label_s2c_x125" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x126" xlink:label="loc_s2c_x126" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x126" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">With-profit - collective [PC]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x126" xlink:to="label_s2c_x126" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x127" xlink:label="loc_s2c_x127" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x127" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">With-profit - hybrid [PH]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x127" xlink:to="label_s2c_x127" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x128" xlink:label="loc_s2c_x128" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x128" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">With-profit - join life [PJ]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x128" xlink:to="label_s2c_x128" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x129" xlink:label="loc_s2c_x129" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x129" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">With-profit - other [PO]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x129" xlink:to="label_s2c_x129" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x130" xlink:label="loc_s2c_x130" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x130" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">With-profit - pension funds [PP]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x130" xlink:to="label_s2c_x130" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x131" xlink:label="loc_s2c_x131" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x131" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">With-profit - single life [PS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x131" xlink:to="label_s2c_x131" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x132" xlink:label="loc_s2c_x132" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x132" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Workers' compensation insurance [direct business and accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x132" xlink:to="label_s2c_x132" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x133" xlink:label="loc_s2c_x133" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x133" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Product is considered partially replicable by a financial instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x133" xlink:to="label_s2c_x133" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x134" xlink:label="loc_s2c_x134" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x134" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life and Health non-SLT [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x134" xlink:to="label_s2c_x134" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x135" xlink:label="loc_s2c_x135" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x135" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Medical expense insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x135" xlink:to="label_s2c_x135" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x136" xlink:label="loc_s2c_x136" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x136" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Income protection insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x136" xlink:to="label_s2c_x136" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x137" xlink:label="loc_s2c_x137" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x137" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Workers' compensation insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x137" xlink:to="label_s2c_x137" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x138" xlink:label="loc_s2c_x138" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x138" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Motor vehicle liability insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x138" xlink:to="label_s2c_x138" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x139" xlink:label="loc_s2c_x139" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x139" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other motor insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x139" xlink:to="label_s2c_x139" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x140" xlink:label="loc_s2c_x140" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x140" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Marine, aviation and transport insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x140" xlink:to="label_s2c_x140" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x141" xlink:label="loc_s2c_x141" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x141" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Fire and other damage to property insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x141" xlink:to="label_s2c_x141" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x142" xlink:label="loc_s2c_x142" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x142" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General liability insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x142" xlink:to="label_s2c_x142" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x143" xlink:label="loc_s2c_x143" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x143" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit and suretyship insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x143" xlink:to="label_s2c_x143" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x144" xlink:label="loc_s2c_x144" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x144" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Legal expenses insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x144" xlink:to="label_s2c_x144" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x145" xlink:label="loc_s2c_x145" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x145" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Assistance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x145" xlink:to="label_s2c_x145" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x146" xlink:label="loc_s2c_x146" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x146" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Miscellaneous financial loss [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x146" xlink:to="label_s2c_x146" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x147" xlink:label="loc_s2c_x147" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x147" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life and Health non-SLT [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x147" xlink:to="label_s2c_x147" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x148" xlink:label="loc_s2c_x148" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x148" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Medical expense insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x148" xlink:to="label_s2c_x148" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x149" xlink:label="loc_s2c_x149" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x149" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Income protection insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x149" xlink:to="label_s2c_x149" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x150" xlink:label="loc_s2c_x150" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x150" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Workers' compensation insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x150" xlink:to="label_s2c_x150" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x151" xlink:label="loc_s2c_x151" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x151" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Motor vehicle liability insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x151" xlink:to="label_s2c_x151" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x152" xlink:label="loc_s2c_x152" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x152" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other motor insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x152" xlink:to="label_s2c_x152" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x153" xlink:label="loc_s2c_x153" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x153" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Marine, aviation and transport insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x153" xlink:to="label_s2c_x153" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x154" xlink:label="loc_s2c_x154" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x154" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Fire and other damage to property insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x154" xlink:to="label_s2c_x154" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x155" xlink:label="loc_s2c_x155" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x155" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General liability insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x155" xlink:to="label_s2c_x155" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x156" xlink:label="loc_s2c_x156" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x156" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit and suretyship insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x156" xlink:to="label_s2c_x156" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x157" xlink:label="loc_s2c_x157" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x157" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Legal expenses insurance [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x157" xlink:to="label_s2c_x157" />
  </link:labelLink>
</link:linkbase>