The Financial Regulatory Authority yesterday decided to merge Grand
Insurance LLC into Ard Insurance LLC and cancelled the special license for
common insurance held by Grand. It also appointed new directors of some
insurance companies. They include G.Mongolkhuu at National Life Insurance, G.
Alimaa at Insurance Office and S. Ganchimeg at Nomin Insurance. The special
licenses of representatives of Mig Insurance and Mongol Insurance have been
suspended for a month.