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Planned Portfolio Transfer from R&Q Theta DAC (formerly Electric Insurance Ireland DAC) to Accredited Insurance (Europe) Limited

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R&Q Theta DAC with its registered office at Metropolitan Building, James Joyce Street, Dublin 1, Ireland, plans to transfer its non-life insurance portfolio to Accredited Insurance (Europe) Limited with its registered office at Development House, St. Anne Street, Floriana, FRN9010, Malta.

According to information from the Irish supervisory authority, contracts concluded with insurance policyholders in Austria may potentially also be affected. Under Article 31 para. 2 of the Insurance Supervision Act 2016 (VAG 2016; Versicherungsaufsichtsgesetz 2016) a termination right exists for insurance policyholders.