US EditionLife Insurer Nucleus Life Must Issue License
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The Financial Market Supervisory Authority in Liechtenstein (FMA) has withdrawn the insurance license from the life insurer Nucleus Life AG, which is based in Vaduz, and transferred the insurance portfolio of the company to Quantum Life AG, as a notification from FMA shows. The FMA justifies the interference with the protection of the insured interests and the reputation of the financial market Liechtenstein. Nucleus Life AG and its shareholders…
The Liechtenstein Financial Market Supervisory Authority (FMA) withdraws the authorisation from the life insurer Nucleus Life with immediate effect. The authority ordered the compulsory transfer of the entire insurance portfolio to Quantum Leben AG, which already in the past caught up in similar situations. Reason for the intervention are violations of the insurance supervisory law. The contribution Nucleus Life loses license first appeared on i…
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