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Portfolio Transfer from Deutscher Ring Sachversicherungs-AG and Avetas Versicherungs-AG to Basler Sachversicherungs-AG

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Deutscher Ring Sachversicherungs-AG with its registered office at Ludwig-Erhard-Straße 22, 20459 Hamburg, has transferred its complete non-life insurance portfolio to Balser Sachversicherungs-AG with its registered office at Basler Straße 4, 61345 Bad Homburg v.d.H. Furthermore, the portfolios of Avetas Versicherungs-AG have been transferred to Basler Sachversicherungs-AG. According to information received from the German supervisory authority, this also includes policies held by policyholders or insured persons in Austria.

Policyholders are reminded about the existence of a general termination right pursuant to Article 31 para. 2 of the 2016 Insurance Supervision Act (VAG 2016; Versicherungsaufsichtsgesetz 2016).

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