Lansen Försäkringsaktiebolag with its registered office at Bröderna Ugglas Gata, 581 88-SE, Sweden, intends to transfer parts of its non-life insurance portfolio to Ambra Versicherung AG with its registered office at Stemmerstraße 14, 78266 Büsingen am Hochrhein, Germany. According to information received from the Swedish supervisory authority, policies held by policyholders in Austria are potentially 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).