• Home
    • Articles
    • Grenada revokes licenses of bank and insurers

    Grenada revokes licenses of bank and insurers

    The Grenada International Financial Services Authority has revoked the licenses of one offshore bank and four offshore insurers and issued warnings against three other companies that have no licenses.The companies whose licenses have been revoked, as reported by the Associated Press, are: Allied General Bank Ltd., Acclaim General Insurance Co. Ltd., Caribbean American Professional & Casualty Insurance Co. Ltd., Inter-American Professional & Casualty Insurance Co. Ltd., United Assurance Co. Ltd. and Insurance Financial Risk Inc.