E.U Business in Controlled Runoff

Please see below for detailed information in respect of your country:

Republic of France – Contrôle Prudentiel des Assurances “ACPR”

The following only applies to residents of France with a CGICE insurance policy.

The French government has enacted legislation in respect of Brexit; namely “l’ordonnance « Brexit » n° 2020-1595 du 16 décembre 2020” (the “Brexit Ordinance”).

We can advise that Casualty & General Insurance Company (Europe) Limited (‘CGICE’), as an insurance undertaking authorised and regulated by the Gibraltar Financial Services Commission and previously operating in the Republic of France under “Freedom of Establishment” is permitted by the Contrôle Prudentiel des Assurances, (“ACPR”) to benefit from the French Brexit Ordinance regime.

Further to the requirements of the Brexit Ordinance, we hereby inform our policyholders in France of the following in respect of their rights and our obligations: –

• That with effect from the final “Brexit Date”, 1^st January 2021, that CGICE is operating in the Republic of France under the provisions of the “Brexit Ordinance” for a “Transitional Period” only;
• We hereby inform our policyholders that with effect from the final “Brexit Date”, 1st January 2021, we cannot renew any insurance contract;
• We hereby inform our policyholders that with effect from the final “Brexit Date”, 1^st January 2021, that CGICE cannot issue any requests for new premiums and shall not accept any new payments, nor alter any contract or extend any contract;
• We hereby confirm to our policyholders in France that CGICE will continue to fulfil our commitments to subscribers and beneficiaries of our insurance contracts and pay claims in a timely manner
• We want to remind our policyholders in France that they may wish to review their insurance coverage with CGICE following the end of the Transitional Period and look into obtaining a new guarantee/ insurance contract from an EU authorised insurer;

If you have any queries in respect of your policy with CGICE, please do not hesitate to Contact Us.

You can also contact us by via 22 avenue de la Grande Armée 75017 PARIS or by telephoning +33 (0)143 125 464

Republic of Italy – Istituto per la Vigilanza sulle Assicurazioni “IVASS”

The following only applies to residents of Italy with a CGICE insurance policy.

On 31st December 2020, the UK’s withdrawal from the European Union will be completed, therefore, as from 1st January 2021 UK insurance undertakings may no longer carry on business in Italy.

In particular, as from 1 January 2021: UK insurance undertakings may no longer commence new business or renew existing contracts in Italy; They are however required, even after 1 January, to ensure the regular execution of existing insurance contracts, guaranteeing the fulfilment of the contractual obligations, including the management of claims, payments, surrenders and withdrawals.

We would like to advise our policyholders in Italy of the following in respect of their rights and our obligations: –

• We hereby inform our policyholders that with effect from the final “Brexit Date”, 1st January 2021, that our policyholders who hold insurance contracts with CGICE, which have a duration period of longer than 12 months (1 Year), that they may cancel their insurance contract with CGICE. We will not make any additional charges for this cancellation; however, we request that this cancellation request must be made in writing for your protection;
• We hereby inform our policyholders that with effect from the final “Brexit Date”, 1st January 2021, we will not be able to renew any insurance contract and any “tacit renewal” clauses are no longer valid and will not be enforced;
• We hereby inform our policyholders that with effect from the final “Brexit Date”, 1st January 2021 CGICE cannot issue any requests for new premiums and shall not accept any new payments, unless the contract between you as the policyholder and CGICE as the insurer states that you are required to pay a premium under the current contract;
• We hereby confirm to our policyholders in Italy that CGICE will continue to fulfil our commitments to subscribers and beneficiaries of our insurance contracts and pay claims in a timely manner;
• For the avoidance of doubt, CGICE will cease underwriting new business in the Republic of Italy with effect from the 00:01 CET 1st January 2021.

If you have any queries in respect of your policy with CGICE, please do not hesitate to Contact Us.

Republic of Ireland – Central Bank of Ireland “CBI”

The following only applies to residents of Ireland with a CGICE insurance policy.

Ireland has enacted into law the “Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020” to deal with Brexit.

In particular, Ireland has agreed a temporary permissions regime for all UK/Gibraltar companies, like CGICE, which will enable them to continue to operate in the Republic of Ireland post Brexit in a limited capacity for a limited timeframe. This is referred to as the “Temporary Run Off Regime” (“TRR”). The TRR comes into effect on the 1^st January 2021 and is expected to run for a period of 15 years.

CGICE has availed of the TRR and submitted the required reporting to the CBI. Under the TRR, CGICE is permitted by the CBI to continue administrating its existing run-off portfolio in order to ensure an orderly termination of our activities in the Republic of Ireland, and to ensure minimum disruption for our policyholders.

CGICE does not currently underwrite any new business in the Republic of Ireland.

If you have any queries in respect of your policy with CGICE, please do not hesitate to Contact Us.

Kingdom of Norway – The Financial Supervisory Authority of Norway

The following only applies to residents of Norway with a CGICE insurance policy

The Norwegian Ministry of Justice & Public Security has enacted a regulation that states UK/Gibraltar insurance companies which had a license to write business in Norway on a freedom of services basis at the time of Brexit may still provide services to customers in Norway after the “Transition Period” ends however they cannot underwrite any new contracts.

CGICE meets the above criteria and therefore will be in a position to continue administrating its existing run-off portfolio in Norway in order to ensure an orderly termination of our activities in the Kingdom of Norway, and to ensure minimum disruption for our policyholders.

CGICE does not currently underwrite any new business in the Kingdom of Norway.

If you have any queries in respect of your policy with CGICE, please do not hesitate to Contact Us.