Union Commerciale d'Assurances et de Réassurance controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Ban on new and renewed insurance contracts
ARCA prohibited UCAR AG from subscribing to or renewing insurance contracts in September 2023. The ban was lifted in April 2024.
2022
Regulatory sanctions and recapitalization measures involving UCAR AG
ARCA repeatedly sanctioned UCAR Assurances Générales between 2022 and 2024 over alleged concealment of information, delayed claims payments, failure to provide documents, and obstruction of supervisory activity. In April 2022, the company was placed under recapitalization and restrictions were imposed on bank-account movements; in September 2022, restrictions were placed on the free disposal of assets.