Portfolio Transfer from Generali Versicherung AG (München) to Generali Deutschland Versicherung AG (formerly AachenMünchener Versicherung AG)
Generali Versicherung AG with its registered office at Adenauerring 7, 81737 München, Germany, has transferred its entire non-life insurance portfolio by way of a merger to Generali Deutschland Versicherung AG with its registered office at Adenauerring 7, 81737 München, Germany (until 01.10.2019: AachenMünchener Versicherung AG with its registered office at AachenMünchener-Platz 1, 52064 Aachen, Germany). The portfolio transfer became effective on 02.10.2019.
According to information received from the German supervisory authority, this also includes policies held by policyholders or insured persons in Austria.
In this case, no termination right exists for insurance policy holders pursuant to Article 31 para. 4 of the Insurance Supervision Act 2016 (VAG 2016; Versicherungsaufsichtsgesetz 2016).