FMA orders compulsory transfer of the insurance portfolio and withdraws the license of Nucleus Life AG

The Insurance Supervision Act imposes special requirements on insurance companies as well as on the direct and indirect shareholders of insurance companies in order to protect policyholders. Nucleus Life AG and its shareholders no longer met the regulatory requirements.

The insurance contracts continue unchanged and without interruption at Quantum Leben AG. Quantum Leben AG has taken over the insurance contracts in place of Nucleus Life AG. The funds earmarked for the insurance contracts were also transferred to Quantum Leben AG. The only change for policyholders is the contractual partner.

Quantum Leben AG, Vaduz, is a life insurance company licensed and supervised by the FMA. Quantum Leben AG safeguards the interests of policyholders and ensures the proper administration of insurance contracts. Quantum Leben AG fulfills all the requirements for taking over the insurance portfolio and continuing it in an orderly manner.

This content has been translated using a fully automated machine translation tool. Some content may not be accurately translated. More information.