The Central Bank revoked the licenses of insurance companies and two brokers


As the press service of the Central Bank, the license for implementation of insurance joint stock company Insurance company “Investment and Finance” selected in connection with default by Bank of Russia instruction within the prescribed period.

In connection with the decision of the Bank of Russia the company “Investment and Finance” is required to notify the policyholders about withdrawal of licenses on early termination of insurance contracts (reinsurance) and (or) on the transfer of liabilities taken under insurance contracts to another insurer.

Also the license for carrying out mediation activity as an insurance broker revoked “Rubrocanus” in connection with failure to fulfill in due time requirements of the Bank of Russia.

For this reason, of the license for insurance brokerage activities devoid of OOO “CARGO BROKER.”

In all three cases, the decision shall enter into force from the day of its publication in the “Bulletin of Bank of Russia”.

Source