Portfolio transfer from Zurich Deutscher Herold Lebensversicherung AG to Zurich Life Legacy Versicherung AG
Zurich Deutscher Herold Lebensversicherung AG with its registered office at Deutzer Allee 1, 50679 Cologne, Germany, intends to transfer parts of its non-life insurance portfolio to Zurich Life Legacy Versicherung AG with its registered office at Deutzer Allee 1, 50679 Cologne, Germany.
According to information received from the German 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).