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The Financial Supervision Commission (FSC) notifies of the portfolio transfer of life insurance business from B and CE Insurance Limited to Partnership Life Assurance Company Limited

The Financial Supervision Commission (FSC) notifies all concerned parties that on 31st October, 2013 the competent authority of the United Kingdom (Prudential Regulation Authority) has informed about the approval of portfolio transfer of life insurance business from B&C E Insurance Limited to Partnership Life Assurance Company Limited. The approval of the High Court took effect on 31st October, 2013.

Оn 6th June, 2013, the FSC notified all concerned parties about the intention of B&C E Insurance Limited to transfer its life insurance business to Partnership Life Assurance Company Limited.

FSC has not been notified on the intention of the transferee to operate on the territory of the Republic of Bulgaria under the right of establishment or the freedom to provide services.