Golden Arches Insurance DAC with its registered office at Third Floor, The Metropolitan Building, James Joyce Street, Dublin 1, Ireland, intends to transfer parts of its non-life insurance portfolio to Zürich Versicherungs-Aktiengesellschaft with its registered office at Leopold-Ungar-Platz 2, 1190 Vienna, Austria.
According to information from the Irish supervisory authority, contracts with policyholders in Austria are also affected. A termination right exists for insurance policy holders pursuant to Article 31 para. 2 of the Insurance Supervision Act 2016 (VAG 2016; Versicherungsaufsichtsgesetz 2016).