Approval of AMI Assurances recovery plan
AMI Assurances Board of Directors gave their approval for the recovery plan proposed by the General Management and validated by the company shareholders.
According to the statement released by the insurer, equity securities in the amount of 35 million TND (11.8 million USD) refundable within seven years, will be issued before 31st, December 2018.
The next ordinary general meeting to be held on December 14th, 2018 will have to adopt the new strategic development plan which revolves around the control of motor risks, the development of bancassurance, the control of management fees, among other issues.
As a reminder, the financial results published by AMI Assurances at 31st, December 2017, showed a deficit of 41.666 million TND (16.8 million USD) against a 43.492 million TND (18.6 million USD)-deficit in 2016.
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