Lansen Försäkringsaktiebolag with its registered office in Bröderna Ugglas Gata, 581 88-SE, Sweden, intends to transfer parts of its non-life insurance portfolio to Accredited Insurance (Europe) Limited with its registered office in 5th Floor, Development House, St Anne Street, Floriana, Malta, FRN 9010.
According to information received from the Swedish supervisory authority, policies held by policyholders in Austria are also 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).