Seven reinsurers, insurers licenses suspended
Posted On: Jun. 5, 2015 12:00 AM CSTThe Bank of Russia has moved to suspend the licenses of seven insurance and reinsurance companies, according to the website of the financial regulator.
The insurers, which were not named, were targeted because they “do not comply with the requirements of financial stability and solvency of the formation of insurance reserves, procedure and conditions of investment assets,” the bank said.