Malvex Insurance Co SRLS are a specialist insurance surety bond company based in Milano, Italy.

 

Malvex Insurance Co SRLS fully comply with statutory regulation and embody its policies in their business model under strict regulation

 

Malvex Insurance Co SRLS are only one of three who provide Insurance Surety Bond against Lenders Loans in Italy/Europe and are recognized as a bonafide Insurance Company with binder policies acceptable to high industry standard by a number of Private Lenders and their recognized Banks which include BNP Paribas in France, Credit Swisse AC, Credit Swisse International, INC Croup in Netherlands, UniCredit in Italy,Rabobank in Netherlands (strongest AAA rated private bank in Europe), Commerzbank AC in Germany, Deutsche Bank AC in Germany, KfW Bankengruppe in Germany, Intesa Sanpaolo in Italy, Pareto Bank in Norway, Nordea Bank in Finland, TD Bank Group and Scotiabank in Canada, Bank of America, Citibank, JP Morgans and BINY Mellon in America and DBS Bank, Oversea-Chinese Banking Corp and United Overseas Bank in China, Hong Kong and Malaysia with National Bank of Abu Dhabi (NBAD) and National Bank of Kuwait from the Middle East. Italian Insurance Regulation Italy has a well-established and concentrated insurance market, according to the annual report of the supervisory authority on insurance companies (Istituto per la vigilanza sulle assicurazioni private e di interesse collettivo) (ISVAP), as of 31 December 2012, there are 153 companies incorporated under Italian law, Malvex Insurance Co SRLS are included under Non-Life Insurance stature, the ISVAP records held for Malvex Insurance Co SRLS show written policies from non-life insurance. Malvex Insurance Co SRLS are noted as transacting multiple areas of Insurance excluding "Life Policies" and are internationally recognized as an upstanding Insurance institution within the Italian Insurance industry. 

 

Due to the implementation of Directive 2002/87/EC in Italy on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (Supplementary Supervision Directive), ISVAP, the Bank of Italy and the Italian supervisory authority on financial markets (Commissione Nazionale per le Società e la Borsa) (CONSOB) have recognised eighty six medium to large Italian financial companies on file, these are "international conglomerates• being Malvex Insurance Co SRL., The legislation regulating insurance and reinsurance businesses consists of the Private Insurance Code (adopted by Legislative Decree No. 209/2005 and in force since 1 January 2006, restricted in January 2012). It is a comprehensive law comprising 355 Articles, mainly regulating:- 

 

Insurance and reinsurance companies. 
Insurance and reinsurance business activities. 
Insurance intermediaries. 

 

Malvex Insurance Co SRLS- adhere to the Private Insurance Code which allows ISVAP to issue regulations in specific areas of insurance Law (of which 39 regulations have already been enacted). The Private Insurance Code contains important provisions concerning the disclosure of information under insurance contracts and the policyholder's protection (such as Article 185). Further insurance contract rules are listed in Articles 1882 to 1932 of the Civil Code of 1942 (Civil Code). Under Italian law, unit-linked and index-linked insurance policies are characterized as having certain features associated with life insurance contracts and other features associated with financial products. They are marketed in Italy accompanied by a prospectus (rather than an information note) and CONSOB (rather than ISVAP) is responsible for supervising these policies. In conclusion, we have found that Malvex Insurance Co SRLS to be one of the most established and integral Insurance Companies in Europe who operate Insurance Binder Policies in Security to Private Lenders and Mainstream rated Banks for the purpose of Client Loans, furthermore we have found that Malvex Insurance Co SRLS- are an Insurer who operate with due consideration to correct regulatory and legal framework, which assures sound financial transactions with the highest standard of "best business practice'.