Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Aspis reassures customers after Greek closure.


INSURERS Aspis Noun 1. Aspis - horned vipers
genus Aspis, genus Cerastes

reptile genus - a genus of reptiles

family Viperidae, Viperidae - Old World vipers
 Holdings Public Co Ltd has assured the public there would be no impact in Cyprus from the closure of its affiliate by regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest
regulatory agency

administrative body, administrative unit - a unit with administrative responsibilities
 in Greece.

Greek regulatory authorities on Monday withdrew the operating licence of Aspis Pronia Life Insurance and Aspis Pronia General Insurance.

"The execution of this decision does not affect the work of the Cypriot insurance company Aspis Liberty Life Insurance Public Company Ltd," a paid media announcement said.

Aspis Liberty Life's capital is over e1/415.9 million and it has been judged a solvent solvent, constituent of a solution that acts as a dissolving agent. In solutions of solids or gases in a liquid, the liquid is the solvent. In all other solutions (i.e.  and healthy insurance company.

The activities of Aspis Liberty Life are independent from the Greek insurance companies and are under the close supervision of Cypriot authorities, the announcement said.

The company said the shares held by the two Greek insurers is limited and does not in any way affect its reliability and operation.

Together, the two companies held 8.27 per cent of Aspis Liberty shares.

Aspis Liberty added that there would not be any effect on the company's financial results by the drop in the value of shares issued by the two Greek companies This is a list of wholly or partially Greek-owned companies operating in and outside of Greece or foreign-owned companies in Greece employing Greeks. NOTE: S.A. (Greek: Α.Ε. A.E) is used as a term for being Incorporated, as in Inc. .

Copyright Cyprus Mail Cyprus Mail is a Cypriot English-language newspaper. It is published daily (except Mondays) and a number of articles are available online. Its current chief editor is Kosta Pavlowitch.

The managing director is Kyriakos Iacovides.
 2009

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2009 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Cyprus Mail (Cyprus)
Date:Sep 24, 2009
Words:198
Previous Article:Parties heap criticism on new VAT plan.
Next Article:Ban upbeat about talks progress.
Topics:



Related Articles
Royal & SunAlliance vows Festival deal is safe as shares slump.
Action against Aspis insurers in Greece will have no impact in Cyprus.
Finacle impulsa la transformacion de Aspis Bank, Grecia.
Aspis Bank sale on track.
Aspis Cyprus safe from clampdown in Greece.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles