Date: 5 months ago   Category: Finance

The Central Bank has excluded the insurer Urban Group from the list of insurers of builders — Rambler News Service


The Bank of Russia has excluded the Prominstrakh company in which responsibility of Urban Group has been insured from the list of insurers of builders, follows from regulator materials. In total in the list of insurers of builders as of October 3 there were 12 companies of which Prominstrakh isn't among. Prominstrakh has noted that "because on October 03, 2018 the Central Bank of Russia has published the updated list of insurers of builders, LLC Prominstrakh stops since October 3, 2018 execution of policies within contracts of insurance of civil liability of the builder for non-execution or inadequate performance of obligations on transfer of premises under the contract of participation in shared-equity construction". It is noted that "under all contracts of insurance of GOZ signed on the basis of the contracts of participation in shared-equity construction registered in bodies of the Federal Registration Service till October 2 inclusive the company continues to bear responsibility in full". Prominstrakh has also added that the company has the existing license for insurance of civil liability, clients of the company don't need repeated insurance from the insurers who have remained in the list of the Bank of Russia. Besides, the company continues the activity in the market of insurance in other directions of business. At the end of May of Urban Group has reported that property sales in housing estates of the builder are suspended in connection with carrying out the planned audit, later the company has reported about formation of new administrative anti-recessionary management. On June 9 the Fund of protection of the rights of citizens – participants of shared-equity construction has submitted claims for bankruptcy of five companies Urban Group, in July the Arbitration court of the Moscow region has declared bankrupt five companies of the builder: "Your city", Ivanstroy, Ekokvartal, "Continent project" and "Haygeyt".

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