Liechtenstein regulator issues order to Gable over insurance contracts and transfer of assets
In separate development insurer reverses plans to delist from AIM.
The Liechtenstein Financial Market Authority (FMA) has issued a formal order against Gable Insurance AG, "prohibiting the conclusion of new insurance contracts and the transfer of assets to affiliated entities and persons".
It made the order on 7 September.
The regulator reported in a statement that the formal order covered all classes of insurance and all jurisdictions and became effective immediately upon delivery to Gable Insurance AG on 9 September 2016.
The FMA further clarified that the
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