Portfolio transfer from UK P&I Club N.V. to TT Club Mutual Insurance N.V.
UK P&I Club N.V. with its registered office at Wilhelminakade 953A, 3072AP Rotterdam, The Netherlands, plans to transfer parts of its non-life insurance portfolio to TT Club Mutual Insurance N.V. with its regsitered office in Wilhelminakade 953A, 3072AP Rotterdam, The Netherlands. According to information from the supervisory authority in the Netherlands, contracts of insurance policyholders in Austria are also affected.
The portfolio transfer will become effect on 01.09.2024. A termination right for insurance policyholders exists under Article 31 of the Insurance Supervision Act 2016 (VAG 2016; Versicherungsaufsichtsgesetz 2016).