The Argentina Superintendency of Insurance has revoked the authorization for La Nueva Cooperativa de Seguros Limitada to operate, citing regulatory noncompliance and patrimonial deficiencies. The measure is framed as protecting policyholders' rights and preserving the stability of the insurance system. The revocation followed earlier preventive actions and remediation demands. Those included a ban on the company entering into new insurance contracts, as well as an order to submit corrected financial statements and a regularization and recovery plan aimed at restoring its capital position, with the precautionary measures kept in place. Further updates concerning the company are to be communicated through the authority's official channels.
Argentina Superintendency of Insurance2026-06-17
Argentina Superintendency of Insurance revokes La Nueva Cooperativa de Seguros operating authorization after compliance breaches and capital deficiencies
The Argentina Superintendency of Insurance has withdrawn La Nueva Cooperativa de Seguros Limitada's authorization to operate. The action followed regulatory breaches and capital deficiencies, after earlier measures that barred new business and required corrected accounts and a recovery plan. Further updates will be issued through the authority's official channels.