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Liechtenstein regulator issues order to Gable over insurance contracts and transfer of assets

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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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