Aggregated News From Investment Management Regulators

Finanstilsynet notifies possible revocation of Insr Insurance Group ASA’s licence

Report/Flag

Please complete the required fields.



In a letter dated 26 June 2020, Finanstilsynet notified Insr Insurance Group ASA that it is considering making a decision to withdraw the undertaking’s licence to operate as a non-life insurer.

The notification is based on Finanstilsynet’s assessment that there are persistent and serious deficiencies in the management and control of the business. Insr Insurance Group ASA has until mid-August 2020 to respond to the notification. Finanstilsynet will consider the undertaking’s response before making a decision.

The content of the notification is exempt from public disclosure. Finanstilsynet’s final assessments will be public.  At the present time, Finanstilsynet is unable to say when the matter will be finalised.

Read more: Insr: Notification from the Norwegian Financial Supervisory Authority (NFSA) and Announcement of Strategic Review

Regulator Information

Abbreviation: FSA
Jurisdiction: Norway

Recent Articles

SEC Charges Former Pharmaceutical Global IT Manager in $8 Million Insider Trading Scheme

Washington D.C., Sept. 17, 2021 — The Securities and Exchange Commission today announced insider trading charges against Dayakar R.

SEC Awards $11.5 Million to Two Whistleblowers

Washington D.C., Sept. 17, 2021 — The Securities and Exchange Commission today announced awards of approximately $11.

Issuance of Executive Order Imposing Sanctions on Certain Persons with Respect to the Humanitarian and Human Rights Crisis in Ethiopia; Ethiopia General Licenses and...

The President has signed a new Executive Order Imposing Sanctions on Certain Persons with Respect to the Humanitarian and Human Rights Crisis in Ethiopia.  OFAC has...

CVM suspends registration of 3 subsidized companies

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

CFPB Report: Renters at Risk as COVID-19 Safety Net Ends

Stimulus Checks and Other Payment Relief Linked to Renters’ Financial Stability WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a report warning...

Get the latest from Regulatory.News in your inbox!

×