Argentina Superintendency of Insurance (SSN) has revoked the authorisation previously granted to ORBIS Compañía Argentina de Seguros S.A. to operate in insurance, following the firm’s 19 March 2025 request for voluntary liquidation. The decision also imposes measures intended to protect policyholders while the request is assessed. The SSN ordered the inhibition of the company’s assets, which will remain immobilised as a guarantee for the fulfilment of obligations already incurred. An evaluation process is underway to determine the viability of the liquidation request, and ORBIS must continue submitting quarterly financial statements for supervisory review during this period. As a next step, ORBIS has 30 days to file its liquidation balance sheet and a projected management report.
Argentina Superintendency of Insurance 2025-03-21
Argentina Superintendency of Insurance revokes Orbis Compañía Argentina de Seguros’ operating authorisation and orders an asset freeze amid voluntary liquidation request
The Argentina Superintendency of Insurance has revoked ORBIS Compañía Argentina de Seguros S.A.'s authorization to operate following its request for voluntary liquidation. The SSN has immobilized the company's assets to protect policyholders and is evaluating the liquidation request. ORBIS is required to submit quarterly financial statements and has 30 days to file its liquidation balance sheet and management report.