Release Date: |
UK P&I Club N.V. with its registered office at Wilhelminakade 953A, 3072 AP Rotterdam, the Netherlands, intends to transfer parts of its non-life insurance portfolio to Accredited Insurance (Europe) Limited with its registered office in 3rd Floor, Development House, St Anne Street, Floriana, FRN 9010, Malta.
According to information received from the Dutch supervisory authority, policies held by 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).