Buenos Aires, December 10 (NA) – In the context of a reorganization of the insurance market, the regulatory body, the Superintendence of Insurance led by Guillermo Plate, has placed its focus on several ARTs (Work Risk Insurers) and has concentrated on the complex financial situation of Galeno ART. The company is going through a difficult time, and as anticipated by Noticias Argentinas, it is attempting to separate its work insurance branch and preserve the rest of its businesses. According to information from the Noticias Argentinas agency, Galeno ART has a capital deficit as of November 17 amounting to “...TWELVE THOUSAND NINE HUNDRED FIFTY-FOUR MILLION EIGHT HUNDRED EIGHTY-NINE THOUSAND SEVEN HUNDRED SIXTY-SEVEN PESOS ($12.954.889.767.-)”, as stated in Resolution No. 679, signed by Guillermo Plate. Furthermore, the request to lift the general attachment of assets, issued in early November, was rejected on the grounds that “...the documentation provided (by the authorities of Galeno ART) shows that the concepts motivating the request to lift the precautionary measure correspond to expenditures inherent to the entity's usual course of business, which is therefore inadmissible under the terms of article 86 of Law No. 20.091”. In this context, the officials of the governing body of the insurance industry decided to prohibit the celebration of new contracts and granted a deadline until January 8, 2026, to cover the aforementioned deficit. And article 2ª states: “To summon GALENO ASEGURADORA DE RIESGOS DEL TRABAJO S.A., under the terms of article 31 of Law No. 20.091, so that within a period of THIRTY (30) consecutive days it reimburses the capital in order to reverse the deficit of TWELVE THOUSAND NINE HUNDRED FIFTY-FOUR MILLION EIGHT HUNDRED EIGHTY-NINE THOUSAND SEVEN HUNDRED SIXTY-SEVEN PESOS ($ 12.954.889.767,-)”.
