(3 minutes read)
The Seychelles Financial Services Authority (FSA) has suspended the licence of Falcon Insurance Limited, recently. FSA is the regulator of insurance operations in the country.
However, the regulator clarified that Falcon would continue to serve its existing clients, respect its obligations, and continue to abide by the provisions of the Insurance Act. However, it will not be able to acquire new business during the period of suspension of licence. FSA has appointed Mariam Rajabally, as an administrator in accordance with the rules to manage the company’s business, affairs, and assets.
Read Also:
https://trendsnafrica.com/new-fishing-facility-in-seychelles-opened/
https://trendsnafrica.com/aeroflot-resumes-operations-connecting-moscow-and-seychelles/
https://trendsnafrica.com/imfs-thumbs-to-vat-in-seychelles-but-needs-reforms/
Falcon Insurance, located at Eden Plaza, is a relatively new company dealing in the local financial services sector and was set up in 2013 and offers various insurance products which include commercial, health and travel, finance liability, home, and motor among others. The majority of the company’s clients are locally based.
