Thursday, May 19, 2016

Central Bank revoked licenses

Central Bank revoked the licenses of two insurance companies and brokers stopped in four

The Bank of Russia revoked the license to conduct insurance business in SA "Insurance Company "Transneft (MCX: TRNF_p)", Licensed to CTP at JSC "D2 Insurance"And suspended the licenses of four brokers: Security Ltd. "INS-Broker", Security Ltd. "Cargo Broker", LTD "European insurance broker", LTD "Palladium Insurance Broker", Said in a statement regulyatora.Litsenzii revoked and suspended with 25 companies avgusta.Strahovye "Transneft" and "D2 Insurance" voluntarily declined to carry out the activities specified in the license."INS-Broker" and "Palladium Insurance Broker", According to the Central Bank, have shied away from getting a prescription. "Cargo Broker" and "European insurance broker" not fulfilled in due time control requirements."Suspension of a license means the prohibition to enter into new contracts for the provision of insurance brokerage services, as well as changes that result in an increase in liabilities to the relevant contracts", - said in a statement.


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