MFS disputes Insurance Inspector’s decision

Our subsidiary company Μarketrends Insurance Limited has been notified by the Registrar of Insurance Companies that it has decided to reject the application for a new license, due to its claim for the existence of strong connection that undermine the regulation of the company. This decision will be disputed before the Finance Minister and we believe that this will be done successfully, as in the past.

Our Company has surplus of reserves to cover all its obligations against insurance holders and it operates normally at their service.