icona apertura menu icona chiusura menu

Elite I.C.Ltd continues with its payment of valid claims in full

Elite I.C. Ltd announced, yesterday February 14th 2019 (download attached file), it has reached an agreement with CBL Insurance Ltd, its largest reinsurer, which allows Elite I.C. Ltd to implement the foretold solvent scheme of arrangement with its policyholders.

I. e., this agreement allows Elite I.C. Ltd to continue with its payment of valid claims in full, collection of recoveries from reinsurers and other relevant third parties, payment of costs and expenses incurred in the ordinary course of business. Consequently, the partial payment scheme announced by the April 30th 2018's IVASS press release (download attached file) will be no more effective.

tel. 06 94443175

mob. 328 1889260

fax. 06 87690827