Central Bank cancels registrations of Seagull Insurance Services and Al Shorafa Insurance Services
The Central Bank of the UAE (CBUAE) has cancelled the registrations of Seagull Insurance Services Co. and Al Shorafa Insurance Services, effective immediately. These entities are no longer authorised to conduct insurance business in the UAE. Customers and counterparties should cease all dealings with these firms and report any outstanding claims to the CBUAE.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Verify that any insurance policies or claims with Seagull Insurance Services Co. or Al Shorafa Insurance Services are reported to the CBUAE immediately. Do not enter into new contracts with these entities.
Source
“The Central Bank of the UAE (CBUAE) has cancelled the registrations of Seagull Insurance Services Co. and Al Shorafa Insurance Services, effective immediately.”
— Central Bank of UAE, 7 Jun 2023
Source: Central Bank of UAE — official 7 Jun 2023 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Verify that any insurance policies or claims with Seagull Insurance Services Co. or Al Shorafa Insurance Services are reported to the CBUAE immediately. Do not enter into new contracts with these entities.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
7 Jun 2023.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-cancels-the-registrations-of-seagull-insurance-services-co-and-al-shorafa-insurance-services/
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