Bank failure
What protection is there for a foreign insurance company’s deposits ?
Teymour Brander
— 28 December 2023
Do accounts opened with a Swiss bank by a foreign insurance institution (in order to deposit the premium paid by each of its policyholders) benefit from the privileged treatment of deposits? In ruling 5A_362/2023 of September 28, 2023, the Swiss Federal Supreme Court answered in the negative. The facts are as follows. A Luxembourg insurance institution offers life insurance contracts. For each policy taken out, the insurance company opens an individual account with a bank to deposit the premium paid[...]