Aviva asked a London court to approve the transfer of assets totalling €9 billion, saying the uncertainty from Brexit was “intensifying” as it joined other insurers and banks triggering contingency plans.
Aviva won approval to move £1 billion (€1.1 billion) in general policies earlier this month.
The British insurers are concerned they will lose the so-called “passporting rights” that enable them to make payments to policyholders outside Britain. Without a deal, insurers and pension providers could be legally barred from sending out payments, leaving policies dormant on their accounts.
Royal London, the UK’s largest mutual and pensions company, this month won court approval to transfer policies to its Irish unit.