The Financial Supervision Commission (FSC) has been notified by the competent authority of Hungary (The Central Bank of Hungary) of the forthcoming transfer of insurance portfolio from „NN INSURANCE CO. LTD – SOFIA BRANCH“, branch of “NN Biztosító Zártkörűen Működő Részvénytársaság”, Republic of Hungary, to „DZI Life Insurance“ EAD, Republic of Bulgaria.
After reviewing the portfolio documents, the FSC decided to send a letter to the national competent authority of Hungary on granting consent for the notified insurance portfolio transfer and certifying solvency position of the accepting insurance company.