The Financial Supervision Commission has sent notification about its consent for the portfolio transfer from UK P&I Club N.V to TT Club Mutual Insurance Limited

The Financial Supervision Commission (FSC) has been notified by the competent authority of the Kingdom of Netherlands (De Nederlandsche Bank (DNB)) of the forthcoming partial portfolio transfer from the insurance undertaking UK P&I Club N.V to TT Club Mutual Insurance Limited, including insurance contracts on which the Republic of Bulgaria is a Member State where the risk is located. After reviewing the portfolio documents, the FSC decided to send a letter to the national competent authority of the Kingdom of Netherlands on granting consent for the transfer of the insurance portfolio from UK P&I Club N.V to TT Club Mutual Insurance Limited.