Notification of an agreement (Case COMP/38.526 -- Austrian Terrorpool) (Text with EEA relevance)
Date: 2003-03-01
Institutions: European Commission
Subjects: co-insurance, exchange of information, indemnity insurance, inter-company agreement, terrorism

1.3.2003

EN

Official Journal of the European Union

C 49/3

Non-opposition to a notified concentration

(Case COMP/M.2851 — Intracom/Siemens/STI)

(2003/C 49/03)

(Text with EEA relevance)

On 10 February 2003, the Commission decided not to oppose the above notified concentration and to
declare it compatible with the common market. This decision is based on Article 6(1)(b) of Council
Regulation (EEC) No 4064/89. The full text of the decision is only available in English and will be
made public after it is cleared of any business secrets it may contain. It will be available:

— as a paper version through the sales offices of the Office for Official Publications of the European

Communities (see list on the last page),

— in electronic form in the ‘CEN’ version of the CELEX database, under document No 303M2851. CELEX

is the computerised documentation system of European Community law.

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Notification of an agreement

(Case COMP/38.526 –– Austrian Terrorpool)

(2003/C 49/04)

(Text with EEA relevance)

1. The Commission has received an application pursuant to Article 2 for negative clearance and/or
notification pursuant to Article 4 of Council Regulation (EEC) No 17/62 of agreements between
almost all Austrian non-life insurers for the creation and operation of a co-insurance grouping, the
so-called ‘Austrian Terrorpool’ (‘Österreichischer Terrorpool’, hereafter ‘Pool’). The aim of the Pool is to
provide cover for risks within insured threats which are triggered by terrorism (for private customers
and small commercial customers).

2. The Pool covers damages up to EUR 5 million per risk for each damage event as basic cover, which can
be increased by a further EUR 25 million through additional cover on a separate contractual basis, with
the amount of EUR 200 Mio a year as the overall limit. Those insurance premiums (or shares thereof)
which are attributable to the cover provided by the Pool are determined by the Pool. Membership of the
Pool is open to all non-life insurers registered in Austria. Members of the Pool remain free to offer
cover for damage caused by terrorism outside the Pool, or to offer higher cover than that offered by the
Pool independently, or through membership in other co-insurance or co-reinsurance groupings.

3. The Commission invites interested third parties to submit their possible observations on the notified

arrangement to the Commission.

4. Observations must reach the Commission not later than 10 days following the date of this publication.
Observations can be sent by fax (No (32-2) 295 01 28) or by post under reference COMP/38.526, to:

European Commission,
Directorate General for Competition (DG COMP),
Directorate D — Financial Services — Unit D-1,
Office 2/221,
J-70,
B-1049 Brussels.