<?xml version="1.0" encoding="UTF-8"?>
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_1" xlink:type="simple" xlink:href="hier.xsd#boec_boec_1" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_10" xlink:type="simple" xlink:href="hier.xsd#boec_boec_10" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_11" xlink:type="simple" xlink:href="hier.xsd#boec_boec_11" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_12" xlink:type="simple" xlink:href="hier.xsd#boec_boec_12" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_2" xlink:type="simple" xlink:href="hier.xsd#boec_boec_2" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_3" xlink:type="simple" xlink:href="hier.xsd#boec_boec_3" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_4" xlink:type="simple" xlink:href="hier.xsd#boec_boec_4" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_5" xlink:type="simple" xlink:href="hier.xsd#boec_boec_5" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_7" xlink:type="simple" xlink:href="hier.xsd#boec_boec_7" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_8" xlink:type="simple" xlink:href="hier.xsd#boec_boec_8" />
  <link:roleRef roleURI="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_9" xlink:type="simple" xlink:href="hier.xsd#boec_boec_9" />
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_1" xlink:type="extended">
    <link:loc xlink:href="mem.xsd#boec_b1" xlink:label="loc_boec_b1" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b1" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Amount carried forward</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b1" xlink:to="label_boec_b1" />
    <link:loc xlink:href="mem.xsd#boec_b2" xlink:label="loc_boec_b2" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Amount accruing during the financial year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b2" xlink:to="label_boec_b2" />
    <link:loc xlink:href="mem.xsd#boec_b3" xlink:label="loc_boec_b3" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b3" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Amount brought forward</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b3" xlink:to="label_boec_b3" />
    <link:loc xlink:href="mem.xsd#boec_b4" xlink:label="loc_boec_b4" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b4" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Amount transferred</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b4" xlink:to="label_boec_b4" />
  </link:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_10" xlink:type="extended">
    <link:loc xlink:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x45" xlink:label="loc_s2c_x45" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x45" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">1 - The undertaking is using International Financial Reporting Standards (‘IFRS’)</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:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x50" xlink:label="loc_s2c_x50" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x50" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">2 - The undertaking is using local generally accepted accounting principles (‘GAAP’) (other than IFRS)</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:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_11" xlink:type="extended">
    <link:loc xlink:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x45" xlink:label="loc_s2c_x45" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x45" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">1 - IFRS</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:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x50" xlink:label="loc_s2c_x50" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x50" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">2 - Local GAAP</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:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_12" xlink:type="extended">
    <link:loc xlink:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x79" xlink:label="loc_s2c_x79" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x79" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">1 - Sectoral</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:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x60" xlink:label="loc_s2c_x60" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x60" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">2 - Notional</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:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x56" xlink:label="loc_s2c_x56" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x56" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">3 - No capital requirement</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:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_2" xlink:type="extended">
    <link:loc xlink:href="mem.xsd#boec_b8" xlink:label="loc_boec_b8" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b8" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Total past miscellaneous surplus included in WPBR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b8" xlink:to="label_boec_b8" />
    <link:loc xlink:href="mem.xsd#boec_b6" xlink:label="loc_boec_b6" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b6" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Asset shares where applicable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b6" xlink:to="label_boec_b6" />
    <link:loc xlink:href="mem.xsd#boec_b11" xlink:label="loc_boec_b11" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b11" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Future costs of contractual guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b11" xlink:to="label_boec_b11" />
    <link:loc xlink:href="mem.xsd#boec_b9" xlink:label="loc_boec_b9" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b9" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Miscellaneous surplus added at valuation date included in WPBR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b9" xlink:to="label_boec_b9" />
    <link:loc xlink:href="mem.xsd#boec_b7" xlink:label="loc_boec_b7" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b7" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Prospective reserve where asset shares not applicable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b7" xlink:to="label_boec_b7" />
    <link:loc xlink:href="mem.xsd#boec_b12" xlink:label="loc_boec_b12" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b12" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Future costs of non-contractual commitments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b12" xlink:to="label_boec_b12" />
    <link:loc xlink:href="mem.xsd#boec_b5" xlink:label="loc_boec_b5" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b5" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">With-profits benefits reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b5" xlink:to="label_boec_b5" />
    <link:loc xlink:href="mem.xsd#boec_b13" xlink:label="loc_boec_b13" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b13" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Future costs of financial options</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b13" xlink:to="label_boec_b13" />
    <link:loc xlink:href="mem.xsd#boec_b10" xlink:label="loc_boec_b10" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b10" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Future policy related liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b10" xlink:to="label_boec_b10" />
    <link:loc xlink:href="mem.xsd#boec_b14" xlink:label="loc_boec_b14" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b14" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Future costs of smoothing (possibly negative)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b14" xlink:to="label_boec_b14" />
    <link:loc xlink:href="mem.xsd#boec_b15" xlink:label="loc_boec_b15" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b15" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Financing costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b15" xlink:to="label_boec_b15" />
    <link:loc xlink:href="mem.xsd#boec_b16" xlink:label="loc_boec_b16" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b16" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other with-profits insurance liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b16" xlink:to="label_boec_b16" />
    <link:loc xlink:href="mem.xsd#boec_b17" xlink:label="loc_boec_b17" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b17" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Planned deductions for guarantees, options and smoothing</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b17" xlink:to="label_boec_b17" />
    <link:loc xlink:href="mem.xsd#boec_b18" xlink:label="loc_boec_b18" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b18" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Planned deductions for other costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b18" xlink:to="label_boec_b18" />
  </link:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_3" xlink:type="extended">
    <link:loc xlink:href="mem.xsd#boec_b19" xlink:label="loc_boec_b19" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b19" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Gross par exposure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b19" xlink:to="label_boec_b19" />
    <link:loc xlink:href="mem.xsd#boec_b20" xlink:label="loc_boec_b20" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b20" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Cash flows reported</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b20" xlink:to="label_boec_b20" />
  </link:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_4" xlink:type="extended">
    <link:loc xlink:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">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:href="mem.xsd#boec_b20" xlink:label="loc_boec_b20" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b20" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Cash flows reported</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b20" xlink:to="label_boec_b20" />
    <link:loc xlink:href="mem.xsd#boec_b21" xlink:label="loc_boec_b21" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b21" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Null return</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b21" xlink:to="label_boec_b21" />
  </link:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_5" xlink:type="extended">
    <link:loc xlink:href="mem.xsd#boec_b60" xlink:label="loc_boec_b60" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b60" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">1 - Yes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b60" xlink:to="label_boec_b60" />
    <link:loc xlink:href="mem.xsd#boec_b61" xlink:label="loc_boec_b61" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b61" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">2 - No</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b61" xlink:to="label_boec_b61" />
  </link:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_7" xlink:type="extended">
    <link:loc xlink:href="mem.xsd#boec_b75" xlink:label="loc_boec_b75" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b75" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">0 - proportional contract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b75" xlink:to="label_boec_b75" />
    <link:loc xlink:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x14" xlink:label="loc_s2c_x14" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x14" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">1 - Non-proportional premium based on a flat premium</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:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x58" xlink:label="loc_s2c_x58" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x58" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">2 - Non-proportional premium not based on a flat premium</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:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_8" xlink:type="extended">
    <link:loc xlink:href="mem.xsd#boec_b68" xlink:label="loc_boec_b68" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b68" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Future expenses and cash out-flows other than guaranteed and discretionary benefits (including allocated loss adjustment expenses)</link:label>
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    <link:loc xlink:href="mem.xsd#boec_b70" xlink:label="loc_boec_b70" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b70" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Allocated loss adjustment expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b70" xlink:to="label_boec_b70" />
  </link:labelLink>
  <link:labelLink xlink:role="http://www.bankofengland.co.uk/data/xbrl/c/role/dict/dom/s2c_AM/boec_9" xlink:type="extended">
    <link:loc xlink:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">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:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x4" xlink:label="loc_s2c_x4" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x4" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">1 - Accident year</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:href="http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/am/mem.xsd#s2c_x88" xlink:label="loc_s2c_x88" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x88" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">2 - Underwriting year</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:labelLink>
</link:linkbase>
