Wednesday, June 1, 2011

Insurance Company PACO lost license

Rosstrakhnadzor revoked the license of an insurance company "PACO" The Russian Union of Insurers (SAR), according to the law on compulsory motor TPL insurance, takes on the payment of car owners, the source told RIA Novosti on the insurance market. The license of the company "PACO" was suspended by the Federal Service for Insurance Supervision July 16, 2009 because of violations. At that time, the company counts on its consideration of the renewal of the license. "PACO" also stated that the suspension of the license is technical in nature and does not affect the company's commitment to policyholders. "The company has given us a journal of damages. The amount, according to our estimates, ranging from 70 to 90 million rubles. It is now clear that the insurance company will not pay a penny," - said the vice president of RSA Andrew Baturkin. A former employee "PACO" told RIA Novosti that at present the majority of employees no longer works for the company, and a deal to sell "PACO" did not take place. "The sale of the company foundation of Western investment has not taken place, probably due to large debts" PACO "- a spokesman said. Insurance Group "PACO" was established in 2000. According to rating agency "Expert RA" the group in 2008, took 59 seats among the 100 largest Russian insurance companies for contributions without CMI, including adoption of reinsurance. The company's branches in Moscow, St. Petersburg, Samara, Kemerovo, Perm, Tyumen, Novosibirsk, Saratov, Yaroslavl, Barnaul. Portal Bank.ru Materials Rihanna.

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