CBUAE revokes licence of Galaxy Insurance Broker

ABU DHABI, 26th July, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) has revoked the licence of Galaxy Insurance Broker (Galaxy), an insurance broker operating in the UAE, and struck its name off the Register, pursuant to Article 22 (2) of the Board of Directors Resolution No. 15 of 2013 Concerning Insurance Brokerage Regulations.

In a statement on Friday, the bank said that the administrative sanction is a r