The Financial Supervision Commission has been notified on a portfolio transfer from Chevanstell Limited to R and Q Insurance (Malta) Limited

The Financial Supervision Commission (FSC) notifies all parties concerned that on 10th September, 2013 the competent authority of the United Kingdom (Prudential Regulation Authority) has informed about the intention of Chevanstell Limited (transferring insurer) to transfer all of its non-life insurance business to R&Q Insurance (Malta) Limited (transferee).

FSC has not been notified on the intention of the transferee to operate on the territory of the Republic of Bulgaria under the right of establishment or the freedom to provide services.

The Financial Supervision Commission notifies all concerned parties

The Financial Supervision Commission (FSC) notifies all concerned parties that on 6 August 2013 the competent authority of Spain (Ministerio De Economia Y Competitividad) has informed about the adoption of special control measures affecting the insurer MUTUASPORT, MUTUA DE SEGUROS DEPORTIVOS A PRIMA FIJA. These measures include the following terms:

1)                              prohibition of MUTUASPORT, MUTUA DE SEGUROS DEPORTIVOS A PRIMA FIJA from disposing of or drawing on its real estate, securities, current or deposit accounts, financial assets or any other property in its possession;

2)                              prohibition of MUTUASPORT, MUTUA DE SEGUROS DEPORTIVOS A PRIMA FIJA to assume new debts, grant loans or provide guarantees or endorsements.

 

FSC has not been notified on the intention of the aforementioned insurance undertaking to operate on the territory of Bulgaria under the right of establishment or the freedom to provide services.

Notification of the intention of MetLife Limited to transfer all of its insurance business to MetLife Europe Limited

The Financial Supervision Commission (FSC) notifies all concerned parties that on 15 August 2013 the competent authority of the United Kingdom (Prudential Regulation Authority) has informed about the intention of MetLife Limited (transferring insurer) to transfer all of its insurance business to MetLife Europe Limited (transferee).

FSC has not been notified on the intention of the transferee to operate on the territory of  the Republic of Bulgaria under the right of establishment or the freedom to provide services.

Notification of the intention of HSBC Life (Europe) Limited to transfer its life assurance portfolio to HSBC Life Assurance (Malta) Limited

The Financial Supervision Commission (FSC) notifies all concerned parties that on 22 August 2013 the competent authority of the Ireland (Central Bank of Ireland) has informed about а proposed transfer of life assurance portfolio from HSBC Life (Europe) Limited (transferring insurer) to HSBC Life Assurance (Malta) Limited (transferee).

FSC has not been notified on the intention of the transferee company to operate on the territory of the Republic of Bulgaria under the right of establishment or the freedom to provide services.

Notification of the license withdrawal of BINTERNATIONAL UNION INSURANCES S.A.

The Financial Supervision Commission (FSC) notifies all concerned parties that on 22 July 2013 the competent authority of Greece (Bank of Greece) has informed about the approval of the authorization withdrawal and the opening of winding-up proceedings of the following undertaking BINTERNATIONAL UNION INSURANCES S.A.

FSC has not been notified on the intention of the aforementioned insurance undertaking to operate on the territory of Bulgaria under the right of establishment or the freedom to provide services.

The Financial Supervision Commission is notified on a portfolio transfer from Guildhall Insurance Company Limited to Unionamerica Insurance Company Limited

The Financial Supervision Commission (FSC) notifies all concerned parties that on 03 July 2013 the Competent Authority of the United Kingdom (Prudential Regulation Authority) has informed about the intention of Guildhall Insurance Company Limited (transferring insurer) to transfer all of its non-life insurance business to Unionamerica Insurance Company Limited (transferee).

FSC has not been notified on the intention of the transferee to operate on the territory of Bulgaria under the right of establishment or the freedom to provide services.

 

The Financial Supervision Commission (FSC) notifies that the natural or legal person named “Unterstützungskasse für Arbeitnehmerschutz und Vorsorge” is not entitled to conduct insurance business

The Financial Supervision Commission notifies all concerned parties that on 18 June 2013 the Competent Authority of Austria (Financial Market Authority) has informed about a particular natural or legal person named “Unterstützungskasse für Arbeitnehmerschutz und Vorsorge” which is not entitled to operate the contractual insurance business or to provide certain insurance services.

FSC has not been notified of the intention of the aforementioned natural or legal person to operate on the territory of the Republic of Bulgaria under the right of establishment or the freedom to provide services.

The Financial Supervision Commission (FSC) notifies of the transfer of life insurance business of Tunbridge Wells Equitable Friendly Society Ltd (transferring insurer) to Forester Life Ltd (transferee)

The Financial Supervision Commission notifies all concerned parties that on 12 April 2013 the competent authority of United Kingdom (Prudential Regulation Authority) has informed that the transfer of life insurance business of Tunbridge Wells Equitable Friendly Society Ltd (transferring insurer) to Forester Life Ltd (transferee) was confirmed by the PRA on 3 April 2013 and took effect on the same date.

FSC has not been notified of the intention of the transferee to operate on the territory of the Republic of Bulgaria under the right of establishment or the freedom to provide services.

The Financial Supervision Commission is notifed on a portfolio transfer from B and CE Insurance Limited to Partnership Life Assurance Company Limited

The Financial Supervision Commission (FSC) notifies all concerned parties that on 28 May 2013 the competent authority of the United Kingdom (Prudential Regulation Authority) has informed about the intention of B & CE Insurance Limited (transferring insurer) to transfer certain of its life insurance business to Partnership Life Assurance Company Limited (transferee).
FSC has not been notified on the intention of the transferee to operate on the territory of Bulgaria under the right of establishment or the freedom to provide services.

The Financial Supervision Commission is notified on a portfolio transfer from Guardian Pension Management Limited and Guardian Linked Life Assurance Limited to Guardian Assurance Limited

The Financial Supervision Commission (FSC) notifies all concerned parties that on 13 May 2013 the competent authority of the United Kingdom (Prudential Regulation Authority) has informed about the intention of Guardian Pensions Management Limited and Guardian Linked Life Assurance Limited (transferring insurers) to transfer all of their insurance business to Guardian Assurance Limited (transferee).
 FSC has not been notified on the intention of the transferee to operate on the territory of Bulgaria under the right of establishment or the freedom to provide services.