Announcement is hereby given that Codan Forsikring A/S (the "Transferor") with company registration no. 10 52 96 38 which covered risks in both Denmark and other EEA countries, applied to the Danish Financial Supervisory Authority ("DFSA") for approval to transfer the Transferor's Danish activities, including the insurances underwritten by the Transferor out of Denmark, to a new Danish insurance company, Chopin Forsikring A/S (the "Transferee").The application was submitted on 4 October 2021 pursuant to section 204 of the Danish Financial Business Act (Consolidated Act no 1447 of 11 September 2020), and the approval was granted by the DFSA on 1 April 2022 with consent from local regulators in the respective EEA countries (where applicable). The transfer took effect on the same day the approval was granted.
Further information on both the Tranferor and the Transferee is stated below.
What does this mean for the policyholders?
The transfer has no consequences for the coverage or terms of underwritten policies. The Transferee is pleased to have the existing policyholders as customers and the company is looking forward to continuing to provide the policyholders with proper insurance coverage.
The Transferor ceased to exist after the transfer. All of the policyholders' policies with the Transferor are continuing with the Transferee after the transfer. Transferee changed its name to Codan Forsikring A/S upon effectiveness of the transfer.
Policyholders' right to object to the transfer and/or terminate their insurance contract
If the policyholders have a right to object to the transfer and/or a right to terminate their insurance contract due to the transfer, conditions for such objection and/or termination have been or will be informed to the policyholders individually and/or by local advertising. The policyholders are thus referred to that information in this regard.
The relevant information for policyholders from the Czech Republic is available here.
If the policyholders do not wish to make objection and/or to terminate their insurance contracts, they do not need to take any further action.
Detailed company information on the entities involved in the transfer
Transferor
Codan Forsikring A/S, a limited liability company, incorporated in Denmark with company registration no. 10 52 96 38 and registered address at Gammel Kongevej 60, 1850 Frederiksberg C, Denmark.
Transferee
Chopin Forsikring A/S, a limited liability company, incorporated in Denmark with company registration no. 4196 3948, and registered address at Gammel Kongevej 60, 1850 Frederiksberg C, Denmark. Codan Forsikring A/S was prior to the transfer operating in the respective EEA countries under freedom of services rules and Chopin Forsikring A/S continues to do so after the transfer.
For any assistance you may need in the future, you may turn to Chopin Forsikring A/S via telephone +45 33552424 or by email at codan@codan.dk.
Chopin Forsikring A/S changed its name to Codan Forsikring A/S at completion of the transfer on 1 April 2022.