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SUPRA Assurances Ltd.: Schellenberg Wittmer appointed as liquidator

13 November 2012

On 13 November 2012 the Swiss financial supervisory authority FINMA appointed the law firm Schellenberg Wittmer as the sole liquidator of the Swiss supplementary healthcare insurance company SUPRA Assurances Ltd. FINMA established that SUPRA Assurances SA, which operates under the umbrella of Divesa SA and is active in supplementary health insurance, is over-indebted. FINMA has therefore initiating bankruptcy proceedings. A review conducted by FINMA under supervisory law revealed a deficit of more than CHF 500 million in SUPRA Assurances SA's provisions.
 
The liquidation will be handled by managing partner and insolvency specialist Vincent Jeanneret, assisted by Olivier Hari, Alisa Telqiu, Daniel Trajilovic and Stéphanie Tumini. A specific website for the insured persons has been set up:

http://www.supra-assurancecomplementaire-liquidation.ch/

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