OREANDA-NEWS. By its Order No. OD-2713, dated 8 October 2015, the Bank of Russia took the decision to appoint from 8 October 2015 a provisional administration to Insurance Company Concepcia, limited liability company (registration number in the unified state register of insurance agents is 3540; location: 2 Repina Street, Khimki, Moscow Region, 141400; TIN 5018073739; PSRN 1035003350535; hereinafter, the Company).

The decision to appoint a provisional administration was taken following the suspension of the Company's reinsurance licence (Bank of Russia Order No. OD-2455, dated 16 September 2015).

The powers of the executive bodies of the Company are suspended.

Vladimir Smagin (mailing address: P.O. Box 9046, Obninsk, Kaluga Region, 249039), member of the non-profit partnership Interregional Self-Regulatory Organisation of Professional Receivers (17 Kotelnicheskaya Naberezhnaya, Moscow, 109240), has been appointed as a head of the provisional administration.