Part VII Transfer
Transfer of insurance business from Domestic & General Insurance PLC to Domestic & General Insurance Europe AG
We are pleased to confirm that following a Sanction Hearing held on 15th December 2020, where the High Court of England and Wales approved the transfer of Domestic & General Insurance Plc's ("DGI") European insurance business (other than its UK business) to Domestic & General Insurance Europe AG (“DGIEU”) the transfer took effect on 31 December 2020 (the "Transfer"). A copy of the court order sanctioning the Transfer can be accessed here.
The Transfer was carried out by way of an insurance business transfer (governed by Part VII of the Financial Services and Markets Act 2000). The Transfer was necessary to allow the D&G Group to be able to service and renew its existing European insurance business from 1st January 2021.
DGIEU is a member of the Domestic & General group of companies ("D&G") and an insurance company headquartered in Germany. DGIEU is authorised and regulated by the German financial services regulator BaFin. For policyholders, the terms and conditions of your policy(ies) (including your premium) will not change, the process by which you make a claim under your policy(ies) will not change and any outstanding claims you may have will continue to be handled in the same way by the same people.
If you would like further information on the Transfer, links are provided at the bottom of this page to the documents previously issued in relation to the Part VII Transfer (before the Transfer took effect), please choose the link relevant to your country and language.
If you are an existing policyholder of DGI, and have insured risks or are resident in certain EEA states, you may have the right to cancel your policy as a result of the Transfer should you wish to exercise that right. Please see your cancellation rights set out below.
If you are a policyholder in:
EN: You will have the right to terminate your policy at any time after the Transfer without charge until your existing policy expires.
DE: Die Kündigung Ihres Vertrages ist jeweils zum Versicherungsjahresende möglich. Sie muss spätestens vier Wochen vor Ablauf schriftlich per Post, Fax oder E-Mail bei uns eingehen.
You will have the right to cancel your policy within one month of the French regulator publishing notice of the Transfer in the French Official Journal.
EN: You will have the right to cancel your policy within 60 days of the Italian regulator publishing notice of the Transfer in the Italian Official Journal.
IT: Se sei titolare di una polizza assicurativa e hai ricevuto un’email o una lettera e vuoi saperne di più su come cancellare la tua polizza, clicca qui.
You will have the right to cancel your policy within three months of D&G publishing notice of the Transfer in a Polish newspaper. This website will be updated once the notice has been published.
EN: You will have the right to cancel your policy within one month of the Portuguese regulator publishing notice of the Transfer on its website and in two local newspapers.
PT: Terá o direito de cancelar a sua apólice no prazo de um mês após o regulador português ter publicado o aviso da transferência no seu website e em dois jornais locais.
Spain - España
EN: You will have the right to cancel your policy within one month of the Spanish regulator publishing notice of the Transfer in the Spanish Official Gazette.
ES: Tiene el derecho de cancelar su póliza en el plazo de un mes desde la publicación del acto de transferencia en el BOE. Si tiene usted una póliza con nosotros y ha recibido un email o carta y desea más información sobre como cancelar su póliza, pinche aquí.
You will have the right to cancel your policy within three months of D&G publishing notice of the Transfer in three Dutch newspapers and the Dutch legal Gazette. This website will be updated once the notice has been published.
Please note that your cancellation rights are in connection with the Transfer only. They are separate and additional to any cancellation rights you may have under the terms of your policy. Our Contact details can be found in your policy documents.
The following section sets out the documents published or sent to policyholders prior to the Transfer taking effect.
Please refer to the contact information in your policy documents for any further enquiries.
The following documents are available for download and detail the legal process by which the Transfer will take place, your rights in connection with the Transfer and how your interests are safeguarded.
- Policyholder Letters
- Questions and Answers Leaflet
- Scheme Summary
- Independent Expert's Summary Report
English language versions are provided of the full Scheme document, Independent Expert’s Report (full and summary) and Frequently Asked Questions can be found below:
Please note that the Independent Expert has published a Supplementary Report in respect of the Proposed Transfer dated 27th November 2020. English and German language copies of the Supplementary Report can be accessed below:
Hard copies of each of these documents can also be requested by writing to Domestic & General’s Company Secretary at Domestic & General Insurance PLC, PO Box 75605, London SW19 4JS.
Further information on the Transfer in your language or country are provided by clicking the links below:-
This website will be updated periodically to provide you up to date information on the Proposed Transfer. Please check back regularly.