Six months after the San Juan Superior Court placed National Insurance Corp. under trusteeship, employees were told Wednesday the operation has been sold to Venezuela’s Multinacional de Seguros C.A., News is my Business has learned.
Two days after ratings agency A.M. Best downgraded its ratings, National Life Insurance Company announced its operational results for the first six months ended June 30, reporting $4.5 million in net revenue.
The Second Judicial Circuit Court in Leon County, Florida ordered National Group Insurance Company, a subsidiary of Hato Rey’s embattled National Insurance Company, into receivership earlier this week, News is my Business learned.