Insurance authorities confirm halt of’s license

23 June 2009 (13:55)

The Federal Insurance Surveillance Service confirmed the fact that the license of Insurance Company (the asset of was halted temporarily.

The Service’s official website states that the insurer’s license С № 1396 66 as of March 31, 2008 was halted due to the company’s failing to meet the orders issued by Ural Federal District’s Insurance Surveillance Inspectorate in due time.

Order 310 that halts the license was issued on June 10, 2009; it has already been signed and has come into effect. According to this order, the insurer has thirty days to eliminate the existing problems.

As a matter of fact, the insurance company’s official website states that the business was set up by (which owns 4.99% of its shares) and the bank’s former co-owners Sergey Lapshin (who owns a 71% shareholding) and Boris Dyakonov (who owns a 24% shareholding).

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