Release Date: |
Financial Insurance Company Limited with its registered office at 6 Chiswick Park, 566 Chiswick High Road, London, W4 5HR, United Kingdom has transferred its entire insurance portfolio in non-life insurance to AXA France IARD with its registered office at 313 Terrasses de l’Arche, 92727 Nanterre Xedex, France by way of a merger. The merger becomes effective on 01.01.2019.
According to information from the British supervisory authority contracts held by policyholders in Austria are also affected.
Where universal succession exists, termination rights do not exist for policyholders pursuant to Article 31 para. 4 of the Insurance Supervision Act 2016 (VAG 2016; Versicherungsaufsichtsgesetz 2016).