Portfolio transfer associated with the full demerger of Codan forsikring a/s
Announcement is hereby given that Codan Forsikring A/S (the "Transferor"), a company that was regis-tered in Denmark under company registration no. 10 52 96 38, which covered risks in both Denmark and other EEA countries, applied to the Danish Financial Supervisory Authority ("DFSA") for approval to transfer the Transferor's Norwegian business (the insurances underwritten by the Transferor’s Norwegian branch, Codan Forsikring NUF, including insurances underwritten by the Norwegian branch out of Norway) to the Danish insurance company, Tryg Forsikring A/S (the "Transferee").
The application was submitted on 4 October 2021 pursuant to section 204 of the Danish Financial Business Act (Consolidated Act no 1447 of 11 September 2020), and the approval was granted by the DFSA on 1 April 2022 with consent from local regulators in the respective EEA countries (where applicable).
Further information on both the Tranferor and the Transferee is stated below.
Information for policyholder
The transfer has no consequences for the coverage or terms of underwritten policies. All of the policy-holders' policies with Codan Forsikring NUF are continuing in the Norwegian branch of the Transferee, Tryg Forsikring. The Transferee is pleased to have the existing policyholders as customers and the company is looking forward to continuing to provide the policyholders with proper insurance coverage.
The Transferor ceased to exist after the transfer. All of the policyholders' policies with the Transferor are continuing with the Transferee after the transfer.
If the policyholders have a right to object to the transfer and/or a right to terminate their insurance contract due to the transfer, conditions for such objection and/or termination have been or will be informed to the policyholders either individually or by local advertising. The policyholders are thus referred to that information in this regard.
If the policyholders do not wish to make objection and/or to terminate their insurance contracts, they do not need to take any further action.
Transferor:
Head office:
Codan Forsikring A/S, a limited liability company, incorporated in Denmark with company registration no. 10 52 96 38 and registered address at Gammel Kongevej 60, 1850 Frederiksberg C, Denmark.
Transferor's Norwegian branch:
Codan Forsikring NUF, branch of Codan Forsikring A/S, incorpo-rated in Norway with company registration no. 991 502 491, and registered address at Verkstedveien 3, NO-0277 Oslo, Norway.
Transferee:
Head office:
Tryg Forsikring A/S, a limited liability company, incorporated in Denmark with company registration no. 24 26 06 66, and registered address at Klausdalsbrovej 601, 2750 Ballerup, Denmark.
Transferee's Norwegian branch:
Tryg Forsikring, branch of Tryg Forsikring A/S, incorporated in Norway with company registration no. 989 563 521, and registered office at Folke Bernadottesvei 50, NO-5020 Bergen, Norway.
Codan Forsikring A/S was prior to the transfer operating in the respective EEA countries under freedom of services rules and Tryg Forsikring A/S continues to do so after the transfer.
