Portfolio Transfer from BlackRock Life Limited to Scottish Equitable Plc
BlackRock Life Limited intends to transfer its entire life insurance contracts portfolio to Scottish Equitable Plc (Edinburgh Park, Edinburgh, EH12, United Kingdom). According to information received from the British supervisory authority, policies held by policyholders in Austria are also affected. Policyholders are reminded about the existence of a general termination right for insurance contracts pursuant to Article 31 para. 2 of the 2016 Insurance Supervision Act (VAG 2016; Versicherungsaufsichtsgesetz 2016).