AmTrust International Underwriters DAC (AIUD) is proposing to transfer its French medical malpractice insurance business to Bothnia International Insurance Company Limited, a Finnish authorised insurance company (which is part of the Compre group) (the "Proposed Transfer"). The Proposed Transfer will have no effect on the terms and conditions of policyholders’ existing cover. The Proposed Transfer shall be carried out by means of an insurance business transfer under Section 13 of the of the Assurance Companies Act 1909, Section 36 of the Insurance Act 1989 and Regulation 41 of the European Union (Insurance and Reinsurance) Regulations 2015. The Proposed Transfer will require approval from the Irish High Court (the "Court"). The legal process is explained further in the documentation listed below.
More information on the Proposed Transfer can be found in the following documents: