Transfer of European business
On 11th December 2018, the High Court of England and Wales sanctioned the transfer of the long-term European business (excluding the UK) of The Prudential Assurance Company Limited (PAC) to Prudential International Assurance plc (PIA). The transfer of the business took place at 00.01 hrs (GMT) (01:01 hrs (CET)) on 1 January 2019.
What this means for you
We’re transferring these policies from PAC to PIA:
- PAC Poland policies
- PAC France policies
- PAC Malta policies
writtenin Germany and Ireland that were transferred from the Equitable Life Assurance Society (ELAS) in 2007 as part of a wider transfer of business.
This won't affect PIA's relationship with its parent company PAC, and PIA remains part of the Prudential group.
The terms and conditions of your PIA policy, and the way it's
The transfer was subject to scrutiny from our regulators and from an Independent Expert, whose appointment was approved by the PRA. The FCA, PRA and the Independent Expert raised no objections to the transfer. It was also subject to Court approval following communication with the affected policyholders, who were sent information packs between July and August 2018.
Important Documents relating to the transfer
|This document sets out the Independent Expert's analysis of the impact of the transfer on policyholders. A summary of the Independent Expert Report is in the 'Policyholder Information Booklet'.
|The PIA Head of Actuarial Function at Prudential International Assurance plc (PIA) provides a report on the impact of the transfer on transferring and non-transferring PIA policyholders
Write to us:
Prudential International Insurance plc, Montague House, Adelaide Road, Dublin 2, Ireland
+353 1 476 5893 or Freephone 0808 1686 204 if you are calling from within the UK
9am - 5.30pm GMT, Monday to Friday, except on bank holidays