Release Date: |
Domestic & General Insurance Plc with its registered office at Swan Court 11 Worple Road, Wimbledon, London, SW19 4JS, UK, intends to transfer parts of its non-life insurance portfolio to Domestic & General Insurance Europe AG with its registered office in Hagenauer Straße 44, 65203 Wiesbaden, Germany.
According to information from the British supervisory authority, contracts with policyholders in Austria are 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).