Aggregated News From Investment Management Regulators

Portfolio Transfer from Rothesay Life Plc to Monument Life Insurance DAC

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Rothesay Life Plc with its registered office in The Post Building, 100 Museum Street, London, WC1A 1PB, UK, has transferred parts of its life insurance portfolio to Monument Life Insurance DAC (formerly Laguna Life DAC), with its registered office at Two Park Place, Upper Hatch Street, Dublin 2, D02 NP94, Ireland. The portfolio transfer became effective on 07.09.2020.

According to information received from the British 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).

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Regulator Information

Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria

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