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The Directorate General of Insurance and Pension Funds announces that the Italian authority has approved the total transfer of the Allianz Viva, SpA (Allianz Next SpA) portfolio to Allianz Società per Azioni, SpA. This transaction affects the entity operating in Spain under administrative code L0731. Policyholders of contracts with risks located in Spain have a specific right to terminate their contracts due to this change of entity (Art. 1 Law 20/2015 and Art. 102.3 RD 1060/2015).
For Allianz Viva, SpA (Allianz Next SpA) policyholders with risks located in Spain, the transaction involves a change of the insurance entity. These policyholders have the right to terminate their contracts if they so wish, with the possibility of recovering the unearned portion of the premium (termination, Art. 102.3 RD 1060/2015). The deadline to exercise this right is one month from the publication of this resolution.
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