Generali RedClick Irish insurance book to transfer to Zurich

Generali España de Seguros y Reaseguros, S.A. (“Generali Spain”), trading in Ireland as RedClick, has given notice that it will transfer its entire Irish non-life insurance business to Zurich Insurance Europe AG, Ireland Branch (“Zurich Ireland”), on or around 30 December 2026. The transfer is announced in a legal notice published in Iris Oifigiúil (No. 72, 8 September 2026), and will be carried out under a business transfer agreement dated 6 March 2026.

On the transfer date, all affected policyholders automatically become customers of Zurich Ireland rather than Generali Spain, and any outstanding claims or complaints on the transferred policies pass to the new insurer.

The parties and their regulators

Generali Spain is a Spanish insurance company authorised and regulated by the Spanish Directorate-General for Insurance and Pension Funds (the “Spanish Regulator”), and carries out non-life insurance business in Ireland through its Irish branch, trading as RedClick. It is also regulated by the Central Bank of Ireland (CBI) for consumer protection rules.

Zurich Ireland is a registered branch of Zurich Insurance Europe AG (ZIE AG), a German stock corporation with its registered office at Platz der Einheit 2, 60327 Frankfurt, Germany. ZIE AG is authorised and regulated by the German Federal Financial Supervisory Authority (the “German Regulator”), and Zurich Ireland is likewise regulated by the CBI for consumer protection rules.

How the portfolio transfer works

The transfer is being implemented as an insurance portfolio transfer under Article 100 of Spanish Royal Decree 1060/2015. It covers all non-life insurance policies underwritten by Generali Spain in the Republic of Ireland as at the transfer date, including expired policies for which there is an outstanding claim, complaint or other liability.

• The Spanish Regulator is currently reviewing the portfolio transfer filing and is required to consult both the German Regulator and the CBI.
• Following its review, the Spanish Regulator will submit the file to the Spanish Ministry of Economy, Trade and Enterprise (MdE) for final approval and authorisation.
• Once authorised, notification of the MdE’s approval will be published in the Spanish Official State Gazette (Boletín Oficial del Estado).
• The transfer becomes effective on the transfer date upon execution of a public deed before a Spanish notary.

Policyholder rights and how to act

Under Spanish law, transferring policyholders are legally entitled to cancel their policies as a result of the portfolio transfer. Any policyholder who wishes to cancel is entitled to a refund of the remaining premium on their policy, calculated on a pro-rata basis. This right may be exercised at any time between the date of the individual communication issued to each policyholder and one calendar month after the transfer date.

Separate written communications are being issued to each individual holder of a transferring policy and, where applicable, their broker, notifying them of the transfer and of their statutory right to cancel. Further information is available on the dedicated website redclick.ie/company-update-2026-faqs, or by contacting RedClick at 5 Town Hall Place, Farnham Street, Co. Cavan, H12 V9F5, by phone on 01 553 4040, or by email at info@redclick.ie.

The notice affects all RedClick policyholders in Ireland, who should review the individual communication they receive and decide, within the stated window, whether to remain with Zurich Ireland or cancel and claim a pro-rata refund of their remaining premium.

Source: Iris Oifigiúil, No. 72, 8 September 2026, Legal Notice (official reference: portfolio transfer notice of Generali España de Seguros y Reaseguros, S.A. / Zurich Insurance Europe AG).