UK P&I Club N.V. with its registered office at Wilhelminakade 953A, 3072AP Rotterdam, The Netherlands, intends to transfer part of its non-life insurance portfolio to TT Club Mutual Insurance N.V. with its registered office at Wilhelminakade 953A, 3072AP Rotterdam, The Netherlands.
According to information from the supervisory authority in the Netherlands contracts with insurance policyholders in Austria are also affected. Pursuant to Art. 31 para. 2 VAG 2016 a termination right exists for insurance policyholders.