Regulatory Alerts2022-03-04
Added · Updated
Portfolio Transfer of THE SHIPOWNERS' MUTUAL STRIKE INSURANCE ASSOCIATION EUROPE to THE STANDARD CLUB IRELAND DAC
The Luxembourg prudential supervisor authorized the transfer of rights and obligations arising from non-life insurance contracts in branches 6 and 16 from THE SHIPOWNERS' MUTUAL STRIKE INSURANCE ASSOCIATION EUROPE to THE STANDARD CLUB IRELAND DAC, effective January 25, 2022. This publication renders the transfer opposable to policyholders, insured persons, beneficiaries, and all third parties with an interest in the execution of the insurance contract regarding risks or commitments located in Belgium, in accordance with Article 17 of the Law of April 4, 2014 on insurance.
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