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).