The Argentina Superintendency of Insurance issued Resolution No. 629/2025 barring Galeno Aseguradora de Riesgos del Trabajo S.A. (Galeno ART) from carrying out acts of disposal in respect of its investments and imposing a general injunction over its assets, to preserve the company’s solvency and protect policyholders and the insurance system. The asset injunction applies broadly with an exception for bank current accounts. The measure follows a deficit situation that the insurer itself acknowledged in its financial statements for the period ended 30 September 2025. Galeno ART must submit a regularization and remediation plan covering the deviations identified within 15 calendar days.
Argentina Superintendency of Insurance 2025-11-19
Argentina Superintendency of Insurance prohibits Galeno Aseguradora de Riesgos del Trabajo from disposing of investments and orders a general asset injunction
The Argentina Superintendency of Insurance issued Resolution No. 629/2025, prohibiting Galeno Aseguradora de Riesgos del Trabajo S.A. from disposing of its investments and imposing a general asset injunction, excluding bank current accounts, to maintain solvency and protect policyholders. This action follows a deficit reported in Galeno ART's financial statements as of 30 September 2025. The insurer must submit a remediation plan within 15 days.