QBE UK Limited with its registered office at Plantation Place, 30 Fenchurch St, Billingsgate, London EC3M 3BD, UK, intends to transfer part of its non-life insurance portfolio to QBE Europe SA/NV which its registered office at Boulevard du Regent 37, BE 1000, Brussels, Belgium.
According to information received from the British 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).