Legal and General Assurance Society Limited with its registered Office at One Coleman Street, London EC2R 5AA, United Kingdom, intends to transfer parts of its life insurance portfolio to ReAssure Limited with its registered office at Windsor House, Ironmasters Way, Telford Centre, Telford, Shropshire TF3 4NB, United Kingdom.
According to information received from the British supervisory authority contracts with insurance policyholders in Austria are affected.
Pursuant to Article 31 para. 2 of the Insurance Supervision Act 2016 (VAG 2016) termination rights exist for insurance policyholders.