Regulator takes over Panama insurer
Panama’s insurance regulator has ordered the administrative and operational takeover of Aseguradora del Istmo.
A resolution published Tuesday, Feb.21 (subject to appeal) lists a series of deficiencies in the operation of the insurer leading to the takeover. The regulator warns that “sureties issued before February 1, 2016 are not adequately reinsured.
Source: Newsroom Panama