Reliance Mutual Insurance Society Limited with its registered office at Reliance House, 6 Vale Avenue, Tunbridge Wells, Kent TN1 1RG, intends to transfer its entire life insurance Portfolio to LCCG New LifeCo Limited with its registered office at Devonshire House, 1 Devonshire Street, London, W1W 5DR.
According to information received from the British supervisory authority, contracts held by policy-holders in Austria are also affected. Policy-holders are advised about the existence of a general termination right of the insurance contract pursuant to Article 31 para. 2 of the 2016 Insurance Supervision Act (VAG 2016; Versicherungsaufsichtsgesetz 2016).