The Liechtenstein Financial Market Authority has withdrawn Octium Assurance AG’s licence to conduct insurance business after the firm waived its authorisation in writing, with effect from 31 December 2024. The licence, originally issued on 13 December 2001, was withdrawn pursuant to Article 11(1) of the Insurance Supervision Act (VersAG) in all branches, at the company’s request.
Liechtenstein Financial Market Authority 2025-01-24
Liechtenstein Financial Market Authority withdraws Octium Assurance AG’s insurance licence following waiver effective 31 December 2024
The Liechtenstein Financial Market Authority has withdrawn Octium Assurance AG’s insurance business licence effective 31 December 2024, following the firm's written waiver of its authorisation. The licence, initially granted on 13 December 2001, was revoked under Article 11(1) of the Insurance Supervision Act.