Stress test by financial regulator leads life insurance company into insolvency

– What are the scenarios of settlement in insurance due to low interest rates ? –   Customers of life insurers are shaken: on 16.12.2014, the business press reported that a Swiss life insurer had now filed for insolvency, and had become a victim of low interest rates. The 13,000 policies were taken over by […]

The elimination of the irrevocable subscription right by revoking the life insurance policy

– How heirs or insolvency administrators can subsequently collect the contract value –   If a life insurance contract falls within the estate, it is first and foremost a matter of all rights of structuring; such as termination, revocation of a subscription right, contesting the insurance contract, as well as revocation of the conclusion of […]

What is the subscription right worth in life insurance?

The elimination of the irrevocable subscription right by revoking the life insurance policy – How heirs or insolvency administrators can subsequently collect the contract value –   If a life insurance contract falls within the estate, it is first and foremost a matter of all rights of structuring; such as termination, revocation of a subscription […]

The elimination of irrevocable subscription rights by revoking the LV

If a life insurance contract falls within the estate, it is first and foremost a matter of all rights of structuring; such as termination, revocation of a subscription right, contesting the insurance contract, as well as revocation of the conclusion of the contract itself. The legal claim for payment of the contractual sum insured is […]

Subscription right LV: How the contract value can be collected retroactively

How can the irrevocable subscription right be eliminated by revoking the life insurance? What options are available to heirs or insolvency administrators to collect the contract value retroactively.   If a life insurance contract falls within the estate, all rights of structuring apply first of all; such as termination, revocation of a subscription right, contesting […]

Financial scandal in the Principality of Liechtenstein shakes financial centre

Category: What’s cooking? By: Dr. Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.), Investment in Liechtenstein: over 200 million state liability lawsuit – credit risks or questionable insolvency protection for German investors In 2003, the Financial Services Authority (AFDL, today: FMA, Financial Market Authority) placed the “Technology Fund Silicon Valley Equities” of the […]

Insurance coats come into fashion

With the final withholding tax, traditional asset management with funds is losing much of its appeal. Insurance shells based on the Luxembourg or Liechtenstein model are likely to gain in importance despite the current heated debates on tax evasion. You don’t have to be a prophet to predict one thing: insurance shell companies will come […]