<?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:labelLink xlink:role="http://www.xbrl.org/2003/role/link" 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">Single premiums</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_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">Individual post retirement transfer</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_b101" xlink:label="loc_boec_b101" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b101" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b101" xlink:to="label_boec_b101" />
    <link:loc xlink:href="mem.xsd#boec_b102" xlink:label="loc_boec_b102" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b102" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 2</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b102" xlink:to="label_boec_b102" />
    <link:loc xlink:href="mem.xsd#boec_b103" xlink:label="loc_boec_b103" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b103" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 3</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b103" xlink:to="label_boec_b103" />
    <link:loc xlink:href="mem.xsd#boec_b104" xlink:label="loc_boec_b104" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b104" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 4</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b104" xlink:to="label_boec_b104" />
    <link:loc xlink:href="mem.xsd#boec_b105" xlink:label="loc_boec_b105" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b105" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 5</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b105" xlink:to="label_boec_b105" />
    <link:loc xlink:href="mem.xsd#boec_b106" xlink:label="loc_boec_b106" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b106" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 6</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b106" xlink:to="label_boec_b106" />
    <link:loc xlink:href="mem.xsd#boec_b107" xlink:label="loc_boec_b107" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b107" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 7</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b107" xlink:to="label_boec_b107" />
    <link:loc xlink:href="mem.xsd#boec_b108" xlink:label="loc_boec_b108" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b108" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 8</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b108" xlink:to="label_boec_b108" />
    <link:loc xlink:href="mem.xsd#boec_b109" xlink:label="loc_boec_b109" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b109" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 9</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b109" xlink:to="label_boec_b109" />
    <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">Conversion to annuity at retirement</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_b110" xlink:label="loc_boec_b110" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b110" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 10</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b110" xlink:to="label_boec_b110" />
    <link:loc xlink:href="mem.xsd#boec_b111" xlink:label="loc_boec_b111" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b111" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 11</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b111" xlink:to="label_boec_b111" />
    <link:loc xlink:href="mem.xsd#boec_b112" xlink:label="loc_boec_b112" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b112" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 12</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b112" xlink:to="label_boec_b112" />
    <link:loc xlink:href="mem.xsd#boec_b113" xlink:label="loc_boec_b113" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b113" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 13</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b113" xlink:to="label_boec_b113" />
    <link:loc xlink:href="mem.xsd#boec_b114" xlink:label="loc_boec_b114" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b114" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 14</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b114" xlink:to="label_boec_b114" />
    <link:loc xlink:href="mem.xsd#boec_b115" xlink:label="loc_boec_b115" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b115" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 15</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b115" xlink:to="label_boec_b115" />
    <link:loc xlink:href="mem.xsd#boec_b116" xlink:label="loc_boec_b116" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b116" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 16</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b116" xlink:to="label_boec_b116" />
    <link:loc xlink:href="mem.xsd#boec_b117" xlink:label="loc_boec_b117" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b117" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 17</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b117" xlink:to="label_boec_b117" />
    <link:loc xlink:href="mem.xsd#boec_b118" xlink:label="loc_boec_b118" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b118" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 18</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b118" xlink:to="label_boec_b118" />
    <link:loc xlink:href="mem.xsd#boec_b119" xlink:label="loc_boec_b119" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b119" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 19</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b119" xlink:to="label_boec_b119" />
    <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">Unit-linked or index-linked [corporate pensions]</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_b120" xlink:label="loc_boec_b120" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b120" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 20</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b120" xlink:to="label_boec_b120" />
    <link:loc xlink:href="mem.xsd#boec_b121" xlink:label="loc_boec_b121" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b121" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 21</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b121" xlink:to="label_boec_b121" />
    <link:loc xlink:href="mem.xsd#boec_b122" xlink:label="loc_boec_b122" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b122" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 22</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b122" xlink:to="label_boec_b122" />
    <link:loc xlink:href="mem.xsd#boec_b123" xlink:label="loc_boec_b123" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b123" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 23</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b123" xlink:to="label_boec_b123" />
    <link:loc xlink:href="mem.xsd#boec_b124" xlink:label="loc_boec_b124" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b124" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 24</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b124" xlink:to="label_boec_b124" />
    <link:loc xlink:href="mem.xsd#boec_b125" xlink:label="loc_boec_b125" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b125" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 25</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b125" xlink:to="label_boec_b125" />
    <link:loc xlink:href="mem.xsd#boec_b126" xlink:label="loc_boec_b126" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b126" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 26</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b126" xlink:to="label_boec_b126" />
    <link:loc xlink:href="mem.xsd#boec_b127" xlink:label="loc_boec_b127" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b127" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 27</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b127" xlink:to="label_boec_b127" />
    <link:loc xlink:href="mem.xsd#boec_b128" xlink:label="loc_boec_b128" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b128" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 28</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b128" xlink:to="label_boec_b128" />
    <link:loc xlink:href="mem.xsd#boec_b129" xlink:label="loc_boec_b129" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b129" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 29</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b129" xlink:to="label_boec_b129" />
    <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">Unit-linked or index-linked [other than corporate pensions]</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_b130" xlink:label="loc_boec_b130" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b130" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 30</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b130" xlink:to="label_boec_b130" />
    <link:loc xlink:href="mem.xsd#boec_b131" xlink:label="loc_boec_b131" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b131" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 31</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b131" xlink:to="label_boec_b131" />
    <link:loc xlink:href="mem.xsd#boec_b132" xlink:label="loc_boec_b132" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b132" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 32</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b132" xlink:to="label_boec_b132" />
    <link:loc xlink:href="mem.xsd#boec_b133" xlink:label="loc_boec_b133" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b133" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 33</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b133" xlink:to="label_boec_b133" />
    <link:loc xlink:href="mem.xsd#boec_b134" xlink:label="loc_boec_b134" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b134" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 34</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b134" xlink:to="label_boec_b134" />
    <link:loc xlink:href="mem.xsd#boec_b135" xlink:label="loc_boec_b135" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b135" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 35</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b135" xlink:to="label_boec_b135" />
    <link:loc xlink:href="mem.xsd#boec_b136" xlink:label="loc_boec_b136" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b136" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 36</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b136" xlink:to="label_boec_b136" />
    <link:loc xlink:href="mem.xsd#boec_b137" xlink:label="loc_boec_b137" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b137" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 37</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b137" xlink:to="label_boec_b137" />
    <link:loc xlink:href="mem.xsd#boec_b138" xlink:label="loc_boec_b138" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b138" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 38</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b138" xlink:to="label_boec_b138" />
    <link:loc xlink:href="mem.xsd#boec_b139" xlink:label="loc_boec_b139" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b139" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 39</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b139" xlink:to="label_boec_b139" />
    <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">Non-profit Life annuities</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_b140" xlink:label="loc_boec_b140" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b140" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 40</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b140" xlink:to="label_boec_b140" />
    <link:loc xlink:href="mem.xsd#boec_b141" xlink:label="loc_boec_b141" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b141" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 41</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b141" xlink:to="label_boec_b141" />
    <link:loc xlink:href="mem.xsd#boec_b142" xlink:label="loc_boec_b142" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b142" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 42</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b142" xlink:to="label_boec_b142" />
    <link:loc xlink:href="mem.xsd#boec_b143" xlink:label="loc_boec_b143" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b143" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 43</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b143" xlink:to="label_boec_b143" />
    <link:loc xlink:href="mem.xsd#boec_b144" xlink:label="loc_boec_b144" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b144" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 44</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b144" xlink:to="label_boec_b144" />
    <link:loc xlink:href="mem.xsd#boec_b145" xlink:label="loc_boec_b145" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b145" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 45</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b145" xlink:to="label_boec_b145" />
    <link:loc xlink:href="mem.xsd#boec_b146" xlink:label="loc_boec_b146" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b146" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 46</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b146" xlink:to="label_boec_b146" />
    <link:loc xlink:href="mem.xsd#boec_b147" xlink:label="loc_boec_b147" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b147" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 47</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b147" xlink:to="label_boec_b147" />
    <link:loc xlink:href="mem.xsd#boec_b148" xlink:label="loc_boec_b148" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b148" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 48</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b148" xlink:to="label_boec_b148" />
    <link:loc xlink:href="mem.xsd#boec_b149" xlink:label="loc_boec_b149" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b149" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 49</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b149" xlink:to="label_boec_b149" />
    <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">Other life, annuities and Health SLT [other than non-profit annuities]</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_b150" xlink:label="loc_boec_b150" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b150" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 50</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b150" xlink:to="label_boec_b150" />
    <link:loc xlink:href="mem.xsd#boec_b151" xlink:label="loc_boec_b151" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b151" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 51</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b151" xlink:to="label_boec_b151" />
    <link:loc xlink:href="mem.xsd#boec_b152" xlink:label="loc_boec_b152" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b152" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 52</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b152" xlink:to="label_boec_b152" />
    <link:loc xlink:href="mem.xsd#boec_b153" xlink:label="loc_boec_b153" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 53</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b153" xlink:to="label_boec_b153" />
    <link:loc xlink:href="mem.xsd#boec_b154" xlink:label="loc_boec_b154" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b154" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 54</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b154" xlink:to="label_boec_b154" />
    <link:loc xlink:href="mem.xsd#boec_b155" xlink:label="loc_boec_b155" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b155" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 55</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b155" xlink:to="label_boec_b155" />
    <link:loc xlink:href="mem.xsd#boec_b156" xlink:label="loc_boec_b156" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b156" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 56</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b156" xlink:to="label_boec_b156" />
    <link:loc xlink:href="mem.xsd#boec_b157" xlink:label="loc_boec_b157" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b157" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 57</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b157" xlink:to="label_boec_b157" />
    <link:loc xlink:href="mem.xsd#boec_b158" xlink:label="loc_boec_b158" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b158" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 58</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b158" xlink:to="label_boec_b158" />
    <link:loc xlink:href="mem.xsd#boec_b159" xlink:label="loc_boec_b159" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b159" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 59</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b159" xlink:to="label_boec_b159" />
    <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">Motor vehicle liability insurance and 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_boec_b16" xlink:to="label_boec_b16" />
    <link:loc xlink:href="mem.xsd#boec_b160" xlink:label="loc_boec_b160" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b160" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 60</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b160" xlink:to="label_boec_b160" />
    <link:loc xlink:href="mem.xsd#boec_b161" xlink:label="loc_boec_b161" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b161" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 61</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b161" xlink:to="label_boec_b161" />
    <link:loc xlink:href="mem.xsd#boec_b162" xlink:label="loc_boec_b162" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b162" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 62</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b162" xlink:to="label_boec_b162" />
    <link:loc xlink:href="mem.xsd#boec_b163" xlink:label="loc_boec_b163" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b163" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 63</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b163" xlink:to="label_boec_b163" />
    <link:loc xlink:href="mem.xsd#boec_b164" xlink:label="loc_boec_b164" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b164" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 64</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b164" xlink:to="label_boec_b164" />
    <link:loc xlink:href="mem.xsd#boec_b165" xlink:label="loc_boec_b165" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b165" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 65</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b165" xlink:to="label_boec_b165" />
    <link:loc xlink:href="mem.xsd#boec_b166" xlink:label="loc_boec_b166" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b166" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 66</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b166" xlink:to="label_boec_b166" />
    <link:loc xlink:href="mem.xsd#boec_b167" xlink:label="loc_boec_b167" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b167" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 67</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b167" xlink:to="label_boec_b167" />
    <link:loc xlink:href="mem.xsd#boec_b168" xlink:label="loc_boec_b168" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b168" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 68</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b168" xlink:to="label_boec_b168" />
    <link:loc xlink:href="mem.xsd#boec_b169" xlink:label="loc_boec_b169" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b169" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 69</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b169" xlink:to="label_boec_b169" />
    <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">Personal lines</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_b170" xlink:label="loc_boec_b170" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b170" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 70</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b170" xlink:to="label_boec_b170" />
    <link:loc xlink:href="mem.xsd#boec_b171" xlink:label="loc_boec_b171" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b171" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 71</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b171" xlink:to="label_boec_b171" />
    <link:loc xlink:href="mem.xsd#boec_b172" xlink:label="loc_boec_b172" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b172" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 72</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b172" xlink:to="label_boec_b172" />
    <link:loc xlink:href="mem.xsd#boec_b173" xlink:label="loc_boec_b173" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b173" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 73</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b173" xlink:to="label_boec_b173" />
    <link:loc xlink:href="mem.xsd#boec_b174" xlink:label="loc_boec_b174" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b174" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 74</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b174" xlink:to="label_boec_b174" />
    <link:loc xlink:href="mem.xsd#boec_b175" xlink:label="loc_boec_b175" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b175" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 75</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b175" xlink:to="label_boec_b175" />
    <link:loc xlink:href="mem.xsd#boec_b176" xlink:label="loc_boec_b176" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b176" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 76</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b176" xlink:to="label_boec_b176" />
    <link:loc xlink:href="mem.xsd#boec_b177" xlink:label="loc_boec_b177" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b177" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 77</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b177" xlink:to="label_boec_b177" />
    <link:loc xlink:href="mem.xsd#boec_b178" xlink:label="loc_boec_b178" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b178" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 78</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b178" xlink:to="label_boec_b178" />
    <link:loc xlink:href="mem.xsd#boec_b179" xlink:label="loc_boec_b179" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b179" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 79</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b179" xlink:to="label_boec_b179" />
    <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">Non-personal lines</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:loc xlink:href="mem.xsd#boec_b180" xlink:label="loc_boec_b180" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b180" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 80</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b180" xlink:to="label_boec_b180" />
    <link:loc xlink:href="mem.xsd#boec_b181" xlink:label="loc_boec_b181" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b181" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 81</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b181" xlink:to="label_boec_b181" />
    <link:loc xlink:href="mem.xsd#boec_b182" xlink:label="loc_boec_b182" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 82</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b182" xlink:to="label_boec_b182" />
    <link:loc xlink:href="mem.xsd#boec_b183" xlink:label="loc_boec_b183" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b183" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 83</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b183" xlink:to="label_boec_b183" />
    <link:loc xlink:href="mem.xsd#boec_b184" xlink:label="loc_boec_b184" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b184" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 84</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b184" xlink:to="label_boec_b184" />
    <link:loc xlink:href="mem.xsd#boec_b185" xlink:label="loc_boec_b185" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b185" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 85</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b185" xlink:to="label_boec_b185" />
    <link:loc xlink:href="mem.xsd#boec_b186" xlink:label="loc_boec_b186" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 86</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b186" xlink:to="label_boec_b186" />
    <link:loc xlink:href="mem.xsd#boec_b187" xlink:label="loc_boec_b187" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b187" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 87</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b187" xlink:to="label_boec_b187" />
    <link:loc xlink:href="mem.xsd#boec_b188" xlink:label="loc_boec_b188" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b188" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 88</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b188" xlink:to="label_boec_b188" />
    <link:loc xlink:href="mem.xsd#boec_b189" xlink:label="loc_boec_b189" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b189" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 89</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b189" xlink:to="label_boec_b189" />
    <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">Direct distribution</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_b190" xlink:label="loc_boec_b190" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b190" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 90</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b190" xlink:to="label_boec_b190" />
    <link:loc xlink:href="mem.xsd#boec_b191" xlink:label="loc_boec_b191" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b191" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 91</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b191" xlink:to="label_boec_b191" />
    <link:loc xlink:href="mem.xsd#boec_b192" xlink:label="loc_boec_b192" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b192" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 92</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b192" xlink:to="label_boec_b192" />
    <link:loc xlink:href="mem.xsd#boec_b193" xlink:label="loc_boec_b193" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b193" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 93</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b193" xlink:to="label_boec_b193" />
    <link:loc xlink:href="mem.xsd#boec_b194" xlink:label="loc_boec_b194" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b194" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 94</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b194" xlink:to="label_boec_b194" />
    <link:loc xlink:href="mem.xsd#boec_b195" xlink:label="loc_boec_b195" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b195" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 95</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b195" xlink:to="label_boec_b195" />
    <link:loc xlink:href="mem.xsd#boec_b196" xlink:label="loc_boec_b196" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b196" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 96</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b196" xlink:to="label_boec_b196" />
    <link:loc xlink:href="mem.xsd#boec_b197" xlink:label="loc_boec_b197" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b197" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 97</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b197" xlink:to="label_boec_b197" />
    <link:loc xlink:href="mem.xsd#boec_b198" xlink:label="loc_boec_b198" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b198" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 98</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b198" xlink:to="label_boec_b198" />
    <link:loc xlink:href="mem.xsd#boec_b199" xlink:label="loc_boec_b199" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b199" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 99</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b199" xlink:to="label_boec_b199" />
    <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">Death or disability lump sums</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_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">Broker / Intermediary</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_b200" xlink:label="loc_boec_b200" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b200" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Own LoB 100</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b200" xlink:to="label_boec_b200" />
    <link:loc xlink:href="mem.xsd#boec_b201" xlink:label="loc_boec_b201" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b201" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other life and Health SLT</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b201" xlink:to="label_boec_b201" />
    <link:loc xlink:href="mem.xsd#boec_b203" xlink:label="loc_boec_b203" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b203" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Individual life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b203" xlink:to="label_boec_b203" />
    <link:loc xlink:href="mem.xsd#boec_b204" xlink:label="loc_boec_b204" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b204" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Individual critical illness</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b204" xlink:to="label_boec_b204" />
    <link:loc xlink:href="mem.xsd#boec_b205" xlink:label="loc_boec_b205" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b205" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Individual income protection</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b205" xlink:to="label_boec_b205" />
    <link:loc xlink:href="mem.xsd#boec_b206" xlink:label="loc_boec_b206" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b206" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Group life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b206" xlink:to="label_boec_b206" />
    <link:loc xlink:href="mem.xsd#boec_b207" xlink:label="loc_boec_b207" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b207" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Group death in service annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b207" xlink:to="label_boec_b207" />
    <link:loc xlink:href="mem.xsd#boec_b208" xlink:label="loc_boec_b208" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Group critical illness</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b208" xlink:to="label_boec_b208" />
    <link:loc xlink:href="mem.xsd#boec_b209" xlink:label="loc_boec_b209" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b209" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Group income protection</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b209" xlink:to="label_boec_b209" />
    <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">PCW</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:loc xlink:href="mem.xsd#boec_b210" xlink:label="loc_boec_b210" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b210" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Individual annuity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b210" xlink:to="label_boec_b210" />
    <link:loc xlink:href="mem.xsd#boec_b211" xlink:label="loc_boec_b211" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b211" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Bulk annuity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b211" xlink:to="label_boec_b211" />
    <link:loc xlink:href="mem.xsd#boec_b212" xlink:label="loc_boec_b212" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b212" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Multiple products</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b212" xlink:to="label_boec_b212" />
    <link:loc xlink:href="mem.xsd#boec_b213" xlink:label="loc_boec_b213" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b213" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Retrocession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b213" xlink:to="label_boec_b213" />
    <link:loc xlink:href="mem.xsd#boec_b214" xlink:label="loc_boec_b214" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b214" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">No retrocession</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b214" xlink:to="label_boec_b214" />
    <link:loc xlink:href="mem.xsd#boec_b215" xlink:label="loc_boec_b215" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b215" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Miscellaneous non-life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b215" xlink:to="label_boec_b215" />
    <link:loc xlink:href="mem.xsd#boec_b216" xlink:label="loc_boec_b216" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b216" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Fire and other damage to property, of which Business Interruption [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b216" xlink:to="label_boec_b216" />
    <link:loc xlink:href="mem.xsd#boec_b217" xlink:label="loc_boec_b217" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Miscellaneous financial loss, of which Travel insurance [direct insurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b217" xlink:to="label_boec_b217" />
    <link:loc xlink:href="mem.xsd#boec_b218" xlink:label="loc_boec_b218" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b218" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Individual income protection claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b218" xlink:to="label_boec_b218" />
    <link:loc xlink:href="mem.xsd#boec_b219" xlink:label="loc_boec_b219" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b219" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Group income protection claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b219" xlink:to="label_boec_b219" />
    <link:loc xlink:href="mem.xsd#boec_b22" xlink:label="loc_boec_b22" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b22" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other channels</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b22" xlink:to="label_boec_b22" />
    <link:loc xlink:href="mem.xsd#boec_b220" xlink:label="loc_boec_b220" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b220" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Individual longevity swap</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b220" xlink:to="label_boec_b220" />
    <link:loc xlink:href="mem.xsd#boec_b221" xlink:label="loc_boec_b221" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b221" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Bulk longevity swap</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b221" xlink:to="label_boec_b221" />
    <link:loc xlink:href="mem.xsd#boec_b222" xlink:label="loc_boec_b222" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b222" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Policies subject to the Financial Services Compensation Scheme</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b222" xlink:to="label_boec_b222" />
    <link:loc xlink:href="mem.xsd#boec_b223" xlink:label="loc_boec_b223" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b223" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Saving and investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b223" xlink:to="label_boec_b223" />
    <link:loc xlink:href="mem.xsd#boec_b224" xlink:label="loc_boec_b224" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b224" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Protection insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b224" xlink:to="label_boec_b224" />
    <link:loc xlink:href="mem.xsd#boec_b225" xlink:label="loc_boec_b225" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b225" xlink:to="label_boec_b225" />
    <link:loc xlink:href="mem.xsd#boec_b226" xlink:label="loc_boec_b226" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b226" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Miscellaneous financial loss, of which Business interruption [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b226" xlink:to="label_boec_b226" />
    <link:loc xlink:href="mem.xsd#boec_b227" xlink:label="loc_boec_b227" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b227" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Assistance, of which Travel insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b227" xlink:to="label_boec_b227" />
    <link:loc xlink:href="mem.xsd#boec_b228" xlink:label="loc_boec_b228" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b228" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Natural catastrophe insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b228" xlink:to="label_boec_b228" />
    <link:loc xlink:href="mem.xsd#boec_b229" xlink:label="loc_boec_b229" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b229" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Payment protection insurance [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b229" xlink:to="label_boec_b229" />
    <link:loc xlink:href="mem.xsd#boec_b23" xlink:label="loc_boec_b23" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b23" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other life other than life annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b23" xlink:to="label_boec_b23" />
    <link:loc xlink:href="mem.xsd#boec_b230" xlink:label="loc_boec_b230" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Claims subject to the Financial Services Compensation Scheme</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b230" xlink:to="label_boec_b230" />
    <link:loc xlink:href="mem.xsd#boec_b231" xlink:label="loc_boec_b231" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b231" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Health reinsurance and Life reinsurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b231" xlink:to="label_boec_b231" />
    <link:loc xlink:href="mem.xsd#boec_b232" xlink:label="loc_boec_b232" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Annuities stemming from non-life insurance contracts and relating to health insurance obligations 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_boec_b232" xlink:to="label_boec_b232" />
    <link:loc xlink:href="mem.xsd#boec_b233" xlink:label="loc_boec_b233" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b233" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Sub-groups</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b233" xlink:to="label_boec_b233" />
    <link:loc xlink:href="mem.xsd#boec_b234" xlink:label="loc_boec_b234" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other than unit-linked business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b234" xlink:to="label_boec_b234" />
    <link:loc xlink:href="mem.xsd#boec_b236" xlink:label="loc_boec_b236" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b236" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">PD CNAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b236" xlink:to="label_boec_b236" />
    <link:loc xlink:href="mem.xsd#boec_b237" xlink:label="loc_boec_b237" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b237" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">UK LVNAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b237" xlink:to="label_boec_b237" />
    <link:loc xlink:href="mem.xsd#boec_b238" xlink:label="loc_boec_b238" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b238" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">UK VNAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b238" xlink:to="label_boec_b238" />
    <link:loc xlink:href="mem.xsd#boec_b239" xlink:label="loc_boec_b239" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b239" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">EU LVNAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b239" xlink:to="label_boec_b239" />
    <link:loc xlink:href="mem.xsd#boec_b24" xlink:label="loc_boec_b24" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b24" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Employers Liability [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b24" xlink:to="label_boec_b24" />
    <link:loc xlink:href="mem.xsd#boec_b240" xlink:label="loc_boec_b240" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b240" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">EU VNAV</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b240" xlink:to="label_boec_b240" />
    <link:loc xlink:href="mem.xsd#boec_b25" xlink:label="loc_boec_b25" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b25" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Public and products Liability [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b25" xlink:to="label_boec_b25" />
    <link:loc xlink:href="mem.xsd#boec_b26" xlink:label="loc_boec_b26" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b26" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Professional Indemnity [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b26" xlink:to="label_boec_b26" />
    <link:loc xlink:href="mem.xsd#boec_b27" xlink:label="loc_boec_b27" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b27" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Other [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b27" xlink:to="label_boec_b27" />
    <link:loc xlink:href="mem.xsd#boec_b28" xlink:label="loc_boec_b28" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b28" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Motor vehicle liability insurance and 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_boec_b28" xlink:to="label_boec_b28" />
    <link:loc xlink:href="mem.xsd#boec_b29" xlink:label="loc_boec_b29" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b29" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Credit and suretyship insurance, Legal expenses insurance, Assistance and 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_boec_b29" xlink:to="label_boec_b29" />
    <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">Disability periodic payments</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_b30" xlink:label="loc_boec_b30" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b30" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Annuities stemming from non-life inwards reinsurance contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b30" xlink:to="label_boec_b30" />
    <link:loc xlink:href="mem.xsd#boec_b31" xlink:label="loc_boec_b31" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b31" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Annuities stemming from non-life inwards reinsurance 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_boec_b31" xlink:to="label_boec_b31" />
    <link:loc xlink:href="mem.xsd#boec_b32" xlink:label="loc_boec_b32" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b32" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Annuities stemming from non-life inwards reinsurance 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_boec_b32" xlink:to="label_boec_b32" />
    <link:loc xlink:href="mem.xsd#boec_b33" xlink:label="loc_boec_b33" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b33" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Life and Health SLT (excluding Non-life annuities)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b33" xlink:to="label_boec_b33" />
    <link:loc xlink:href="mem.xsd#boec_b34" xlink:label="loc_boec_b34" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b34" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Health reinsurance other than annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b34" xlink:to="label_boec_b34" />
    <link:loc xlink:href="mem.xsd#boec_b35" xlink:label="loc_boec_b35" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b35" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Life reinsurance other than annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b35" xlink:to="label_boec_b35" />
    <link:loc xlink:href="mem.xsd#boec_b36" xlink:label="loc_boec_b36" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b36" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Professional Indemnity [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b36" xlink:to="label_boec_b36" />
    <link:loc xlink:href="mem.xsd#boec_b37" xlink:label="loc_boec_b37" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b37" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Motor Third Party Bodily Injury</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b37" xlink:to="label_boec_b37" />
    <link:loc xlink:href="mem.xsd#boec_b38" xlink:label="loc_boec_b38" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b38" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">UK Employers Liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b38" xlink:to="label_boec_b38" />
    <link:loc xlink:href="mem.xsd#boec_b39" xlink:label="loc_boec_b39" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b39" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other UK General Liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b39" xlink:to="label_boec_b39" />
    <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">Annuity payments</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:loc xlink:href="mem.xsd#boec_b40" xlink:label="loc_boec_b40" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b40" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">US General liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b40" xlink:to="label_boec_b40" />
    <link:loc xlink:href="mem.xsd#boec_b41" xlink:label="loc_boec_b41" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b41" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">EU General Liability (excl UK)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b41" xlink:to="label_boec_b41" />
    <link:loc xlink:href="mem.xsd#boec_b42" xlink:label="loc_boec_b42" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b42" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Australia General Liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b42" xlink:to="label_boec_b42" />
    <link:loc xlink:href="mem.xsd#boec_b43" xlink:label="loc_boec_b43" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b43" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other General Liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b43" xlink:to="label_boec_b43" />
    <link:loc xlink:href="mem.xsd#boec_b44" xlink:label="loc_boec_b44" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b44" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other categories of business from which bodily injury or latent claims have arisen</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b44" xlink:to="label_boec_b44" />
    <link:loc xlink:href="mem.xsd#boec_b45" xlink:label="loc_boec_b45" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b45" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b45" xlink:to="label_boec_b45" />
    <link:loc xlink:href="mem.xsd#boec_b46" xlink:label="loc_boec_b46" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b46" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Inwards reinsurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b46" xlink:to="label_boec_b46" />
    <link:loc xlink:href="mem.xsd#boec_b47" xlink:label="loc_boec_b47" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b47" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Public and Products [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b47" xlink:to="label_boec_b47" />
    <link:loc xlink:href="mem.xsd#boec_b48" xlink:label="loc_boec_b48" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b48" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Employers Liability [direct business]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b48" xlink:to="label_boec_b48" />
    <link:loc xlink:href="mem.xsd#boec_b49" xlink:label="loc_boec_b49" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b49" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Non-life and Health non-SLT and Non-life annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b49" xlink:to="label_boec_b49" />
    <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">Lump sums on maturity</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_b50" xlink:label="loc_boec_b50" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b50" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Annuities stemming from non-life reinsurance contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b50" xlink:to="label_boec_b50" />
    <link:loc xlink:href="mem.xsd#boec_b51" xlink:label="loc_boec_b51" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b51" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Non-life and Health non-SLT and Non-life annuities [other than Annuities stemming from non-life reinsurance contracts]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b51" xlink:to="label_boec_b51" />
    <link:loc xlink:href="mem.xsd#boec_b52" xlink:label="loc_boec_b52" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b52" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Non-life annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b52" xlink:to="label_boec_b52" />
    <link:loc xlink:href="mem.xsd#boec_b53" xlink:label="loc_boec_b53" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b53" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Life annuities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b53" xlink:to="label_boec_b53" />
    <link:loc xlink:href="mem.xsd#boec_b54" xlink:label="loc_boec_b54" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b54" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Individual claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b54" xlink:to="label_boec_b54" />
    <link:loc xlink:href="mem.xsd#boec_b55" xlink:label="loc_boec_b55" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b55" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other than individual claims</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b55" xlink:to="label_boec_b55" />
    <link:loc xlink:href="mem.xsd#boec_b56" xlink:label="loc_boec_b56" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b56" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other than UK Employers Liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b56" xlink:to="label_boec_b56" />
    <link:loc xlink:href="mem.xsd#boec_b57" xlink:label="loc_boec_b57" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b57" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Employers Liability [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_boec_b57" xlink:to="label_boec_b57" />
    <link:loc xlink:href="mem.xsd#boec_b58" xlink:label="loc_boec_b58" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b58" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Public and products Liability [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_boec_b58" xlink:to="label_boec_b58" />
    <link:loc xlink:href="mem.xsd#boec_b59" xlink:label="loc_boec_b59" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b59" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Professional Indemnity [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_boec_b59" xlink:to="label_boec_b59" />
    <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">Lump sums on retirement</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_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">General liability insurance - Other [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_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">General liability insurance - Employers Liability [accepted proportional reinsurance]</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:loc xlink:href="mem.xsd#boec_b62" xlink:label="loc_boec_b62" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b62" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Public and products Liability [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b62" xlink:to="label_boec_b62" />
    <link:loc xlink:href="mem.xsd#boec_b63" xlink:label="loc_boec_b63" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b63" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Professional Indemnity [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b63" xlink:to="label_boec_b63" />
    <link:loc xlink:href="mem.xsd#boec_b64" xlink:label="loc_boec_b64" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b64" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">General liability insurance - Other [accepted proportional reinsurance]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b64" xlink:to="label_boec_b64" />
    <link:loc xlink:href="mem.xsd#boec_b65" xlink:label="loc_boec_b65" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b65" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Direct / open market / PCW</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b65" xlink:to="label_boec_b65" />
    <link:loc xlink:href="mem.xsd#boec_b66" xlink:label="loc_boec_b66" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b66" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Open market</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b66" xlink:to="label_boec_b66" />
    <link:loc xlink:href="mem.xsd#boec_b67" xlink:label="loc_boec_b67" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b67" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Partnerships, affiliates, schemes, etc</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b67" xlink:to="label_boec_b67" />
    <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">Direct / open market</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b68" xlink:to="label_boec_b68" />
    <link:loc xlink:href="mem.xsd#boec_b69" xlink:label="loc_boec_b69" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b69" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Schemes and other alike distribution channels</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b69" xlink:to="label_boec_b69" />
    <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">Individual surrender or partial surrender</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_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">Lineslips, schemes, etc</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:loc xlink:href="mem.xsd#boec_b71" xlink:label="loc_boec_b71" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b71" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other distribution channels outsourced or delegated</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b71" xlink:to="label_boec_b71" />
    <link:loc xlink:href="mem.xsd#boec_b72" xlink:label="loc_boec_b72" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b72" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Not outsourced or delegated distribution channels</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b72" xlink:to="label_boec_b72" />
    <link:loc xlink:href="mem.xsd#boec_b73" xlink:label="loc_boec_b73" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b73" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">External agents excluding brokers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b73" xlink:to="label_boec_b73" />
    <link:loc xlink:href="mem.xsd#boec_b74" xlink:label="loc_boec_b74" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b74" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Service companies within own group</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b74" xlink:to="label_boec_b74" />
    <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">Broker facilities</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="mem.xsd#boec_b76" xlink:label="loc_boec_b76" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b76" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other not outsourced or delegated distribution channels</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b76" xlink:to="label_boec_b76" />
    <link:loc xlink:href="mem.xsd#boec_b77" xlink:label="loc_boec_b77" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b77" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Outsourced or delegated distribution channels</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b77" xlink:to="label_boec_b77" />
    <link:loc xlink:href="mem.xsd#boec_b78" xlink:label="loc_boec_b78" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b78" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other distribution channels outsourced or delegated, Lineslips, schemes, etc</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b78" xlink:to="label_boec_b78" />
    <link:loc xlink:href="mem.xsd#boec_b79" xlink:label="loc_boec_b79" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b79" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other distribution channels outsourced or delegated, Partnerships, affiliates, schemes, etc and PCW</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b79" xlink:to="label_boec_b79" />
    <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">Group surrender or partial surrender</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_b80" xlink:label="loc_boec_b80" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b80" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Personal lines - motor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b80" xlink:to="label_boec_b80" />
    <link:loc xlink:href="mem.xsd#boec_b81" xlink:label="loc_boec_b81" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b81" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Personal lines - household</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b81" xlink:to="label_boec_b81" />
    <link:loc xlink:href="mem.xsd#boec_b82" xlink:label="loc_boec_b82" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b82" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Personal lines - other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b82" xlink:to="label_boec_b82" />
    <link:loc xlink:href="mem.xsd#boec_b83" xlink:label="loc_boec_b83" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b83" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Commercial lines</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b83" xlink:to="label_boec_b83" />
    <link:loc xlink:href="mem.xsd#boec_b84" xlink:label="loc_boec_b84" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b84" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Other non-personal lines</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b84" xlink:to="label_boec_b84" />
    <link:loc xlink:href="mem.xsd#boec_b85" xlink:label="loc_boec_b85" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b85" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Non-life and Health non-SLT other than 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_boec_b85" xlink:to="label_boec_b85" />
    <link:loc xlink:href="mem.xsd#boec_b86" xlink:label="loc_boec_b86" xlink:type="locator" />
    <link:label xlink:type="resource" xlink:label="label_boec_b86" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en">Annuities stemming from non-life accepted reinsurance contracts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_boec_b86" xlink:to="label_boec_b86" />
    <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">Individual pre retirement transfer</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:labelLink>
</link:linkbase>
