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The Financial Supervision Commission has been notified on a portfolio transfer from Chevanstell Limited to R and Q Insurance (Malta) Limited

The Financial Supervision Commission (FSC) notifies all parties concerned that on 10th September, 2013 the competent authority of the United Kingdom (Prudential Regulation Authority) has informed about the intention of Chevanstell Limited (transferring insurer) to transfer all of its non-life insurance business to R&Q Insurance (Malta) Limited (transferee).

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.