| April 28 2003 |
- |
ECICS Credit Insurance Ltd (ECIL) and ECICS Credit
and Guarantee Co (S) Ltd (ECGC) signs agreement to transfer
their business portfolio of Credit Insurance and Bonds and Guarantees
to IFS Management Services Pte Ltd (IFSMS), a wholly-owned subsidiary
of International Factors (Singapore) Ltd (IFS). IFSMS was subsequently
renamed ECICS Limited.
|
| August 14 2003 |
- |
The Monetary Authority of Singapore (MAS) awards ECICS Limited
the license to ECICS Limited for a direct insurer to carry on
the business of Credit Insurance and Bonds and Guarantees in
Singapore under Section 8 of the Insurance Act (Chapter 142).
|
| September 12 2003 |
- |
MAS gives approval to the transfer of business portfolio of
ECIL and ECGC to ECICS Limited.
|
| November 14 2003 |
- |
The High Court gives approval to the Scheme of Transfer, novating
the businesses of ECIL and ECGC.
|
