Baltimore Insurance dac, 4th Floor, 25/28 Adelaide Road, Dublin D02RY98, Ireland, intends to transfer its entire non-life insurance portfolio to AIG Europe Limited, The AIG Building, 58 Fenchurch Street, London EC3M 4AB. According to information received from the British supervisory authority, policies held by policyholders in Austria are also affected.
Since this constitutes universal succession as per the definition in Article 30 para. 4 VAG 2016 no termination right exists for existing holders.