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<?taxonomy-version 2.6.0?>
<?taxonomy-date 2021-07-15?>
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/1" xlink:type="simple" xlink:href="hier.xsd#s2c_1" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/1">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x5" xlink:label="loc_s2c_x5" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x5" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Insurance/reinsurance related</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x5" xlink:to="label_s2c_x5" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x6" xlink:label="loc_s2c_x6" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x6" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Insurance/reinsurance related [risks accepted]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x6" xlink:to="label_s2c_x6" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x18" xlink:label="loc_s2c_x18" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x18" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not insurance/reinsurance related [trade]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x18" xlink:to="label_s2c_x18" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x38" xlink:label="loc_s2c_x38" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x38" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Reinsurance contracts related [risks transferred]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x38" xlink:to="label_s2c_x38" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/2" xlink:type="simple" xlink:href="hier.xsd#s2c_2" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/2">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x1" xlink:label="loc_s2c_x1" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x1" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x1" xlink:to="label_s2c_x1" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7" xlink:label="loc_s2c_x7" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7" xlink:to="label_s2c_x7" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x8" xlink:label="loc_s2c_x8" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x8" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investments other than participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x8" xlink:to="label_s2c_x8" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x14" xlink:label="loc_s2c_x14" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x14" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participation [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x14" xlink:to="label_s2c_x14" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x20" xlink:label="loc_s2c_x20" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x20" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x20" xlink:to="label_s2c_x20" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x21" xlink:label="loc_s2c_x21" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x21" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment, cash and cash equivalents and own use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x21" xlink:to="label_s2c_x21" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x22" xlink:label="loc_s2c_x22" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x22" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment, own use, own instruments held directly and cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x22" xlink:to="label_s2c_x22" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x25" xlink:label="loc_s2c_x25" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x25" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own instruments held directly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x25" xlink:to="label_s2c_x25" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x26" xlink:label="loc_s2c_x26" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x26" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x26" xlink:to="label_s2c_x26" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x27" xlink:label="loc_s2c_x27" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x27" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own use, cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x27" xlink:to="label_s2c_x27" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x35" xlink:label="loc_s2c_x35" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x35" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations which are considered strategic as defined in Article 152 ER4 of the [Delegated Acts] and which are included in the calculation of the group solvency on the basis of method 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x35" xlink:to="label_s2c_x35" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x36" xlink:label="loc_s2c_x36" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x36" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations which individually exceed 10% of items included in [a], [b], [d] and [f] of Article 58[1] [excluding consolidated strategic participations]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x36" xlink:to="label_s2c_x36" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x37" xlink:label="loc_s2c_x37" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x37" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations which when aggregated exceed 10% of items included in [a], [b], [d] and [f] of Article 58[1] [excluding consolidated strategic participations]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x37" xlink:to="label_s2c_x37" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x43" xlink:label="loc_s2c_x43" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x43" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Strategic participation [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x43" xlink:to="label_s2c_x43" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/3" xlink:type="simple" xlink:href="hier.xsd#s2c_3" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/3">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x28" xlink:label="loc_s2c_x28" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x28" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation but not consolidated at group level and not strategic [YNGNS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x28" xlink:to="label_s2c_x28" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x29" xlink:label="loc_s2c_x29" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x29" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation consolidated at group level and not strategic [YGNS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x29" xlink:to="label_s2c_x29" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x30" xlink:label="loc_s2c_x30" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x30" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation consolidated at group level and strategic [YGS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x30" xlink:to="label_s2c_x30" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x31" xlink:label="loc_s2c_x31" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x31" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation not consolidated at group level but strategic [YNGS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x31" xlink:to="label_s2c_x31" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/4" xlink:type="simple" xlink:href="hier.xsd#s2c_4" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/4">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x35" xlink:label="loc_s2c_x35" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x35" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations which are considered strategic as defined in Article 152 ER4 of the [Delegated Acts] and which are included in the calculation of the group solvency on the basis of method 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x35" xlink:to="label_s2c_x35" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x36" xlink:label="loc_s2c_x36" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x36" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations which individually exceed 10% of items included in [a], [b], [d] and [f] of Article 58[1] [excluding consolidated strategic participations]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x36" xlink:to="label_s2c_x36" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x37" xlink:label="loc_s2c_x37" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x37" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations which when aggregated exceed 10% of items included in [a], [b], [d] and [f] of Article 58[1] [excluding consolidated strategic participations]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x37" xlink:to="label_s2c_x37" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/5" xlink:type="simple" xlink:href="hier.xsd#s2c_5" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/5">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x19" xlink:label="loc_s2c_x19" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x19" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not to be deducted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x19" xlink:to="label_s2c_x19" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x44" xlink:label="loc_s2c_x44" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x44" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">To be deducted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x44" xlink:to="label_s2c_x44" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/6" xlink:type="simple" xlink:href="hier.xsd#s2c_6" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/6">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x33" xlink:label="loc_s2c_x33" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x33" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations [controlling]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x33" xlink:to="label_s2c_x33" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x34" xlink:label="loc_s2c_x34" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x34" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations [non-controlling]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x34" xlink:to="label_s2c_x34" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/7" xlink:type="simple" xlink:href="hier.xsd#s2c_7" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/7">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x3" xlink:label="loc_s2c_x3" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x3" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General [no split]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x3" xlink:to="label_s2c_x3" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x10" xlink:label="loc_s2c_x10" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x10" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life [split applicable]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x10" xlink:to="label_s2c_x10" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x13" xlink:label="loc_s2c_x13" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x13" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life [split applicable]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x13" xlink:to="label_s2c_x13" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Material Ring Fenced Funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x49" xlink:label="loc_s2c_x49" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x49" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Shareholders' funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x49" xlink:to="label_s2c_x49" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/8" xlink:type="simple" xlink:href="hier.xsd#s2c_8" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/8">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x1" xlink:label="loc_s2c_x1" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x1" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x1" xlink:to="label_s2c_x1" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7" xlink:label="loc_s2c_x7" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7" xlink:to="label_s2c_x7" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x8" xlink:label="loc_s2c_x8" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x8" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investments other than participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x8" xlink:to="label_s2c_x8" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x14" xlink:label="loc_s2c_x14" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x14" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participation [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x14" xlink:to="label_s2c_x14" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x15" xlink:label="loc_s2c_x15" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x15" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participation and investments other than participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x15" xlink:to="label_s2c_x15" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x22" xlink:label="loc_s2c_x22" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x22" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment, own use, own instruments held directly and cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x22" xlink:to="label_s2c_x22" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x23" xlink:label="loc_s2c_x23" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x23" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than own instruments held directly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x23" xlink:to="label_s2c_x23" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x25" xlink:label="loc_s2c_x25" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x25" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own instruments held directly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x25" xlink:to="label_s2c_x25" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x26" xlink:label="loc_s2c_x26" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x26" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x26" xlink:to="label_s2c_x26" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x43" xlink:label="loc_s2c_x43" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x43" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Strategic participation [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x43" xlink:to="label_s2c_x43" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x91" xlink:label="loc_s2c_x91" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x91" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations [deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x91" xlink:to="label_s2c_x91" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/9" xlink:type="simple" xlink:href="hier.xsd#s2c_9" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/9">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x3" xlink:label="loc_s2c_x3" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x3" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General [no split]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x3" xlink:to="label_s2c_x3" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x9" xlink:label="loc_s2c_x9" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x9" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Issued by the undertaking</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x9" xlink:to="label_s2c_x9" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x10" xlink:label="loc_s2c_x10" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x10" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Life [split applicable]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x10" xlink:to="label_s2c_x10" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x13" xlink:label="loc_s2c_x13" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x13" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-life [split applicable]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x13" xlink:to="label_s2c_x13" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x39" xlink:label="loc_s2c_x39" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x39" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Related to the undertakings’ liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x39" xlink:to="label_s2c_x39" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Material Ring Fenced Funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x49" xlink:label="loc_s2c_x49" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x49" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Shareholders' funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x49" xlink:to="label_s2c_x49" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/10" xlink:type="simple" xlink:href="hier.xsd#s2c_10" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/10">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x2" xlink:label="loc_s2c_x2" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Efficient portfolio management [EPM]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x2" xlink:to="label_s2c_x2" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x11" xlink:label="loc_s2c_x11" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x11" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Macro hedge [MA]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x11" xlink:to="label_s2c_x11" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x12" xlink:label="loc_s2c_x12" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x12" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Micro hedge [MI]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x12" xlink:to="label_s2c_x12" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/11" xlink:type="simple" xlink:href="hier.xsd#s2c_11" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/11">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x41" xlink:label="loc_s2c_x41" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x41" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Securitisation assets not related to cedant held in trust with other third party than cedant/sponsor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x41" xlink:to="label_s2c_x41" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x42" xlink:label="loc_s2c_x42" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x42" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Securitisation assets related to cedant held in trust with other third party than cedant/sponsor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x42" xlink:to="label_s2c_x42" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/12" xlink:type="simple" xlink:href="hier.xsd#s2c_12" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/12">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x4" xlink:label="loc_s2c_x4" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x4" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Reporting activity by RFF</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x4" xlink:to="label_s2c_x4" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x17" xlink:label="loc_s2c_x17" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x17" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not reporting activity by RFF</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x17" xlink:to="label_s2c_x17" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/13" xlink:type="simple" xlink:href="hier.xsd#s2c_13" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/13">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x24" xlink:label="loc_s2c_x24" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x24" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than ring fenced funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x24" xlink:to="label_s2c_x24" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Material Ring Fenced Funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/14" xlink:type="simple" xlink:href="hier.xsd#s2c_14" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/14">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x28" xlink:label="loc_s2c_x28" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x28" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation but not consolidated at group level and not strategic [YNGNS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x28" xlink:to="label_s2c_x28" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x29" xlink:label="loc_s2c_x29" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x29" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation consolidated at group level and not strategic [YGNS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x29" xlink:to="label_s2c_x29" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x30" xlink:label="loc_s2c_x30" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x30" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation consolidated at group level and strategic [YGS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x30" xlink:to="label_s2c_x30" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x31" xlink:label="loc_s2c_x31" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x31" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation not consolidated at group level but strategic [YNGS]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x31" xlink:to="label_s2c_x31" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x45" xlink:label="loc_s2c_x45" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x45" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-controlled participations under method 1 (NCP1)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x45" xlink:to="label_s2c_x45" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x46" xlink:label="loc_s2c_x46" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x46" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Sectors (OFS)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x46" xlink:to="label_s2c_x46" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x47" xlink:label="loc_s2c_x47" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x47" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Subsidiaries under method 2 (SM2)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x47" xlink:to="label_s2c_x47" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x48" xlink:label="loc_s2c_x48" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x48" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-controlled participations under method 2 (NCP2)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x48" xlink:to="label_s2c_x48" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x50" xlink:label="loc_s2c_x50" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x50" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other related undertaking under method 1 (ORUT1)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x50" xlink:to="label_s2c_x50" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/15" xlink:type="simple" xlink:href="hier.xsd#s2c_15" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/15">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x51" xlink:label="loc_s2c_x51" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x51" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1- Use of matching adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x51" xlink:to="label_s2c_x51" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x52" xlink:label="loc_s2c_x52" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x52" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - No use of matching adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x52" xlink:to="label_s2c_x52" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/16" xlink:type="simple" xlink:href="hier.xsd#s2c_16" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/16">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Ring-fenced fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x53" xlink:label="loc_s2c_x53" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x53" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Matching portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x53" xlink:to="label_s2c_x53" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x54" xlink:label="loc_s2c_x54" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x54" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Remaining part of a fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x54" xlink:to="label_s2c_x54" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/17" xlink:type="simple" xlink:href="hier.xsd#s2c_17" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/17">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x55" xlink:label="loc_s2c_x55" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x55" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Fund with other funds embedded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x55" xlink:to="label_s2c_x55" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x56" xlink:label="loc_s2c_x56" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x56" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Not a fund with other funds embedded</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x56" xlink:to="label_s2c_x56" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/18" xlink:type="simple" xlink:href="hier.xsd#s2c_18" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/18">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x3" xlink:label="loc_s2c_x3" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x3" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">6 - General</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x3" xlink:to="label_s2c_x3" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x10" xlink:label="loc_s2c_x10" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x10" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x10" xlink:to="label_s2c_x10" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x13" xlink:label="loc_s2c_x13" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x13" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Non-life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x13" xlink:to="label_s2c_x13" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Ring fenced funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x49" xlink:label="loc_s2c_x49" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x49" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">5 - Shareholders' funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x49" xlink:to="label_s2c_x49" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x57" xlink:label="loc_s2c_x57" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x57" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">4 - Other internal funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x57" xlink:to="label_s2c_x57" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/19" xlink:type="simple" xlink:href="hier.xsd#s2c_19" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/19">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x11" xlink:label="loc_s2c_x11" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x11" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Macro hedge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x11" xlink:to="label_s2c_x11" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x12" xlink:label="loc_s2c_x12" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x12" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Micro hedge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x12" xlink:to="label_s2c_x12" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x58" xlink:label="loc_s2c_x58" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x58" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Matching assets and liabilities cash-flows used in the context of matching adjustment portfolios</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x58" xlink:to="label_s2c_x58" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x59" xlink:label="loc_s2c_x59" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x59" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">4 - Efficient portfolio management, other than “Matching assets and liabilities cash-flows used in the context of matching adjustment portfolios”</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x59" xlink:to="label_s2c_x59" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/20" xlink:type="simple" xlink:href="hier.xsd#s2c_20" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/20">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x54" xlink:label="loc_s2c_x54" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x54" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - The items reported refer to the remaining part</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x54" xlink:to="label_s2c_x54" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x60" xlink:label="loc_s2c_x60" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x60" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - The items reported refer to a RFF/MAP</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x60" xlink:to="label_s2c_x60" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/21" xlink:type="simple" xlink:href="hier.xsd#s2c_21" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/21">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x54" xlink:label="loc_s2c_x54" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x54" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Remaining part</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x54" xlink:to="label_s2c_x54" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x62" xlink:label="loc_s2c_x62" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x62" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Entity level</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x62" xlink:to="label_s2c_x62" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x63" xlink:label="loc_s2c_x63" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x63" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Material Ring fenced fund or Matching Adjustment Portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x63" xlink:to="label_s2c_x63" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/22" xlink:type="simple" xlink:href="hier.xsd#s2c_22" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/22">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x65" xlink:label="loc_s2c_x65" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x65" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations in financial and credit institutions which individually exceed 10% of items included in (a) (i),(ii),(iv) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68 (1)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x65" xlink:to="label_s2c_x65" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x66" xlink:label="loc_s2c_x66" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x66" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations in financial and credit institutions which when aggregated exceed 10% of items included in (a) (i),(ii),(iv) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68 (2)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x66" xlink:to="label_s2c_x66" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x67" xlink:label="loc_s2c_x67" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x67" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations in financial and credit institutions which are considered strategic as defined in Article 171 of the Implementing measures and which are included in the calculation of the group solvency on the basis of method 1. Under treatment prescribed in Article 68 (3)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x67" xlink:to="label_s2c_x67" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x68" xlink:label="loc_s2c_x68" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x68" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x68" xlink:to="label_s2c_x68" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x69" xlink:label="loc_s2c_x69" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x69" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other strategic participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x69" xlink:to="label_s2c_x69" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x70" xlink:label="loc_s2c_x70" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x70" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other non-strategic participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x70" xlink:to="label_s2c_x70" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/23" xlink:type="simple" xlink:href="hier.xsd#s2c_23" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/23">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x4" xlink:label="loc_s2c_x4" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x4" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Reporting activity by RFF</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x4" xlink:to="label_s2c_x4" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x17" xlink:label="loc_s2c_x17" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x17" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Not reporting activity by RFF</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x17" xlink:to="label_s2c_x17" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/24" xlink:type="simple" xlink:href="hier.xsd#s2c_24" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/24">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x71" xlink:label="loc_s2c_x71" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x71" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Deposit lodged</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x71" xlink:to="label_s2c_x71" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x72" xlink:label="loc_s2c_x72" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x72" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Not in deposit lodged</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x72" xlink:to="label_s2c_x72" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/25" xlink:type="simple" xlink:href="hier.xsd#s2c_25" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/25">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x73" xlink:label="loc_s2c_x73" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x73" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - No rights of set off</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x73" xlink:to="label_s2c_x73" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x74" xlink:label="loc_s2c_x74" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x74" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Rights of set off</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x74" xlink:to="label_s2c_x74" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/26" xlink:type="simple" xlink:href="hier.xsd#s2c_26" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/26">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x85" xlink:label="loc_s2c_x85" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x85" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Is a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x85" xlink:to="label_s2c_x85" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/27" xlink:type="simple" xlink:href="hier.xsd#s2c_27" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/27">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x79" xlink:label="loc_s2c_x79" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x79" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Non-controlled participation in a related insurance and reinsurance undertaking under method 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x79" xlink:to="label_s2c_x79" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x80" xlink:label="loc_s2c_x80" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x80" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Non-controlled participation in related insurance and reinsurance undertaking under method 2</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x80" xlink:to="label_s2c_x80" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x81" xlink:label="loc_s2c_x81" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x81" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">4 - Participation in other financial sector</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x81" xlink:to="label_s2c_x81" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x82" xlink:label="loc_s2c_x82" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x82" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">5 - Subsidiary under method 2</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x82" xlink:to="label_s2c_x82" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x83" xlink:label="loc_s2c_x83" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x83" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">6 - Participation in other strategic related undertaking under method 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x83" xlink:to="label_s2c_x83" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x84" xlink:label="loc_s2c_x84" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x84" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">7 - Participation in other non-strategic related undertaking under method 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x84" xlink:to="label_s2c_x84" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x90" xlink:label="loc_s2c_x90" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x90" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">8 - Other participations (e.g. participation in other undertakings under method 2)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x90" xlink:to="label_s2c_x90" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/28" xlink:type="simple" xlink:href="hier.xsd#s2c_28" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/28">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Ring-fenced fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x53" xlink:label="loc_s2c_x53" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x53" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Matching portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x53" xlink:to="label_s2c_x53" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/29" xlink:type="simple" xlink:href="hier.xsd#s2c_29" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/29">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x68" xlink:label="loc_s2c_x68" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x68" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x68" xlink:to="label_s2c_x68" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x69" xlink:label="loc_s2c_x69" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x69" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other strategic participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x69" xlink:to="label_s2c_x69" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x70" xlink:label="loc_s2c_x70" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x70" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other non-strategic participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x70" xlink:to="label_s2c_x70" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x86" xlink:label="loc_s2c_x86" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x86" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations in related undertakings that are financial and credit institutions which individually exceed 10% of items included in (a) (i), (ii), (iv) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68 (1) of the Delegated Regulation (EU) 2015/35</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x86" xlink:to="label_s2c_x86" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x87" xlink:label="loc_s2c_x87" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x87" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations in related undertakings that are financial and credit institutions which when aggregated exceed 10% of items included in (a) (i), (ii), (iv) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68 (2) of the Delegated Regulation (EU) 2015/35</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x87" xlink:to="label_s2c_x87" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x88" xlink:label="loc_s2c_x88" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x88" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations in related undertakings that are financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35 and which are included in the calculation of the group solvency on the basis of method 1 (no OF deduction according to art 68(3))</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x88" xlink:to="label_s2c_x88" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x89" xlink:label="loc_s2c_x89" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x89" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations in related undertakings that are financial and credit institutions which are strategic (as defined in Article 171 of the Delegated Regulation (EU) 2015/35), not included in the calculation of the group solvency on the basis of method 1 and which are not deducted according to art 68(1) and 68 (2) (It should include the remaining part following the partial deduction according to Article 68 (2) of the Delegated Regulation (EU) 2015/35)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x89" xlink:to="label_s2c_x89" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/30" xlink:type="simple" xlink:href="hier.xsd#s2c_30" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/30">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - RFF</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x54" xlink:label="loc_s2c_x54" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x54" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Remaining part</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x54" xlink:to="label_s2c_x54" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/31" xlink:type="simple" xlink:href="hier.xsd#s2c_31" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/31">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x1" xlink:label="loc_s2c_x1" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x1" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x1" xlink:to="label_s2c_x1" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7" xlink:label="loc_s2c_x7" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7" xlink:to="label_s2c_x7" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x8" xlink:label="loc_s2c_x8" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x8" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investments other than participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x8" xlink:to="label_s2c_x8" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x14" xlink:label="loc_s2c_x14" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x14" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participation [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x14" xlink:to="label_s2c_x14" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x20" xlink:label="loc_s2c_x20" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x20" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x20" xlink:to="label_s2c_x20" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x21" xlink:label="loc_s2c_x21" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x21" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment, cash and cash equivalents and own use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x21" xlink:to="label_s2c_x21" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x22" xlink:label="loc_s2c_x22" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x22" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment, own use, own instruments held directly and cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x22" xlink:to="label_s2c_x22" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x25" xlink:label="loc_s2c_x25" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x25" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own instruments held directly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x25" xlink:to="label_s2c_x25" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x26" xlink:label="loc_s2c_x26" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x26" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x26" xlink:to="label_s2c_x26" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x27" xlink:label="loc_s2c_x27" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x27" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own use, cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x27" xlink:to="label_s2c_x27" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x43" xlink:label="loc_s2c_x43" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x43" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Strategic participation [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x43" xlink:to="label_s2c_x43" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x91" xlink:label="loc_s2c_x91" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x91" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations [deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x91" xlink:to="label_s2c_x91" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x92" xlink:label="loc_s2c_x92" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x92" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x92" xlink:to="label_s2c_x92" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x100" xlink:label="loc_s2c_x100" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x100" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participations classified as long-term equity investments [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x100" xlink:to="label_s2c_x100" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x101" xlink:label="loc_s2c_x101" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x101" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participations other than long-term equity investments [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x101" xlink:to="label_s2c_x101" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/32" xlink:type="simple" xlink:href="hier.xsd#s2c_32" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/32">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x25" xlink:label="loc_s2c_x25" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x25" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own instruments held directly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x25" xlink:to="label_s2c_x25" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x93" xlink:label="loc_s2c_x93" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x93" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own instruments held directly or indirectly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x93" xlink:to="label_s2c_x93" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x94" xlink:label="loc_s2c_x94" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x94" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own instruments held indirectly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x94" xlink:to="label_s2c_x94" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x95" xlink:label="loc_s2c_x95" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x95" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than own instruments held directly or indirectly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x95" xlink:to="label_s2c_x95" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/33" xlink:type="simple" xlink:href="hier.xsd#s2c_33" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/33">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x3" xlink:label="loc_s2c_x3" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x3" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">6 - General</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x3" xlink:to="label_s2c_x3" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x10" xlink:label="loc_s2c_x10" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x10" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x10" xlink:to="label_s2c_x10" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x13" xlink:label="loc_s2c_x13" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x13" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Non-life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x13" xlink:to="label_s2c_x13" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x49" xlink:label="loc_s2c_x49" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x49" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">5 - Shareholders' funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x49" xlink:to="label_s2c_x49" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x57" xlink:label="loc_s2c_x57" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x57" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">4 - Other internal funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x57" xlink:to="label_s2c_x57" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x96" xlink:label="loc_s2c_x96" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x96" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Ring fenced funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x96" xlink:to="label_s2c_x96" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/34" xlink:type="simple" xlink:href="hier.xsd#s2c_34" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/34">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x53" xlink:label="loc_s2c_x53" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x53" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Matching portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x53" xlink:to="label_s2c_x53" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x96" xlink:label="loc_s2c_x96" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x96" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Ring-fenced fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x96" xlink:to="label_s2c_x96" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/35" xlink:type="simple" xlink:href="hier.xsd#s2c_35" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/35">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x54" xlink:label="loc_s2c_x54" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x54" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Remaining part</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x54" xlink:to="label_s2c_x54" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x60" xlink:label="loc_s2c_x60" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x60" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Material Ring fenced fund or Matching Adjustment Portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x60" xlink:to="label_s2c_x60" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x62" xlink:label="loc_s2c_x62" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x62" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Entity level</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x62" xlink:to="label_s2c_x62" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/36" xlink:type="simple" xlink:href="hier.xsd#s2c_36" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/36">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x40" xlink:label="loc_s2c_x40" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x40" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Ring-fenced fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x40" xlink:to="label_s2c_x40" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x53" xlink:label="loc_s2c_x53" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x53" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Matching portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x53" xlink:to="label_s2c_x53" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x54" xlink:label="loc_s2c_x54" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x54" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Remaining part of a fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x54" xlink:to="label_s2c_x54" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/37" xlink:type="simple" xlink:href="hier.xsd#s2c_37" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/37">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x53" xlink:label="loc_s2c_x53" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x53" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Matching portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x53" xlink:to="label_s2c_x53" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x96" xlink:label="loc_s2c_x96" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x96" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Ring-fenced fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x96" xlink:to="label_s2c_x96" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x97" xlink:label="loc_s2c_x97" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x97" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Remaining part of a fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x97" xlink:to="label_s2c_x97" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/38" xlink:type="simple" xlink:href="hier.xsd#s2c_38" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/38">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x32" xlink:label="loc_s2c_x32" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x32" xlink:to="label_s2c_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x98" xlink:label="loc_s2c_x98" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x98" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation other than a Collective Investment Undertaking or investments packaged as funds, which is an investment vehicle</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x98" xlink:to="label_s2c_x98" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x99" xlink:label="loc_s2c_x99" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x99" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participation in a Collective Investment Undertaking or investments packaged as funds, which is an investment vehicle</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x99" xlink:to="label_s2c_x99" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/39" xlink:type="simple" xlink:href="hier.xsd#s2c_39" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/39">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x16" xlink:label="loc_s2c_x16" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">1 - Not a participation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x16" xlink:to="label_s2c_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x98" xlink:label="loc_s2c_x98" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x98" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">2 - Is a participation other than a Collective Investment Undertaking or investments packaged as funds, which do not meet the three conditions of the paragraph 4 of the Article 84 of the Delegated Regulation (EU) 2015/35</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x98" xlink:to="label_s2c_x98" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x99" xlink:label="loc_s2c_x99" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x99" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">3 - Is a participation in a Collective Investment Undertaking or investments packaged as funds, which meets the three conditions of the paragraph 4 of the Article 84 of the Delegated Regulation (EU) 2015/35</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x99" xlink:to="label_s2c_x99" />
  </link:labelLink>
  <link:roleRef roleURI="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/40" xlink:type="simple" xlink:href="hier.xsd#s2c_40" />
  <link:labelLink xlink:type="extended" xlink:role="http://eiopa.europa.eu/xbrl/s2c/role/dict/dom/PU/40">
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x0" xlink:label="loc_s2c_x0" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Total/NA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x0" xlink:to="label_s2c_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x1" xlink:label="loc_s2c_x1" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x1" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x1" xlink:to="label_s2c_x1" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x7" xlink:label="loc_s2c_x7" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x7" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x7" xlink:to="label_s2c_x7" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x8" xlink:label="loc_s2c_x8" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x8" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Investments other than participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x8" xlink:to="label_s2c_x8" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x20" xlink:label="loc_s2c_x20" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x20" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x20" xlink:to="label_s2c_x20" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x21" xlink:label="loc_s2c_x21" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x21" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment, cash and cash equivalents and own use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x21" xlink:to="label_s2c_x21" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x22" xlink:label="loc_s2c_x22" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x22" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other than investment, own use, own instruments held directly and cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x22" xlink:to="label_s2c_x22" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x25" xlink:label="loc_s2c_x25" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x25" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own instruments held directly</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x25" xlink:to="label_s2c_x25" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x26" xlink:label="loc_s2c_x26" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x26" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Own use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x26" xlink:to="label_s2c_x26" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x43" xlink:label="loc_s2c_x43" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x43" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Strategic participation [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x43" xlink:to="label_s2c_x43" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x91" xlink:label="loc_s2c_x91" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x91" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Participations [deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x91" xlink:to="label_s2c_x91" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x100" xlink:label="loc_s2c_x100" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x100" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participations classified as long-term equity investments [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x100" xlink:to="label_s2c_x100" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x101" xlink:label="loc_s2c_x101" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x101" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participations other than long-term equity investments [not deducted from own funds]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x101" xlink:to="label_s2c_x101" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#s2c_x102" xlink:label="loc_s2c_x102" />
    <link:label xlink:type="resource" xlink:label="label_s2c_x102" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Non-strategic participations other than long-term equity investments [not deducted from own funds] and Investments other than participations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_s2c_x102" xlink:to="label_s2c_x102" />
  </link:labelLink>
</link:linkbase>