Additional information on Gable Insurance AG 3 October 2016
On 10 October 2016, the Liechtenstein Financial Market Authority (FMA) appointed PricewaterhouseCoopers AG, Birchstrasse 160, 8050 Zurich, Switzerland, as Special Administrator of Gable Insurance AG. The Special Administrator reviews the financial situation of Gable Insurance AG and protects the interests of the policyholders of Gable Insurance AG. The Special Administrator has all powers to which the corporate bodies of Gable Insurance AG and their individual members are entitled under the law or the articles of association.
In doing so, the FMA took additional supervisory measures for the protection of the policyholders.
On 15 September 2016, the FMA had informed on its website that it had issued an order on 7 September 2016 to Gable AG to stop writing new insurance policies and transferring assets to legal entities and individuals associated with it (see https://www.fma-li.li/de/news/20160915-information-betreffend-gable-insurance-ag.html).
The FMA is in close contact with the competent national supervisory authorities of the European countries in which Gable Insurance AG has issued insurance policies. In addition, the FMA collaborates closely with the European Insurance and Occupational Pension Authority (EIOPA).
The FMA cannot provide any information on questions relating to contract law. Further questions can be directed to the Special Administrator (firstname.lastname@example.org).