Notice: Northstar Financial Services (Bermuda) Ltd (2020-10-01)

Summary

This is a public notice issued by the Bermuda Monetary Authority (BMA) announcing that it has commenced winding up proceedings against Northstar Financial Services (Bermuda) Ltd. in the Supreme Court of Bermuda (Commercial Court, Companies Winding Up jurisdiction). It is an informational notice about the appointment of joint provisional liquidators, not a rule imposing ongoing regulatory requirements.

• Court order: The Supreme Court of Bermuda ordered, on 25 September 2020, the appointment of joint provisional liquidators (JPLs) for the Company.
• JPLs appointed: Rachelle Frisby and John N Johnston of Deloitte Ltd. were appointed as JPLs, effective per the Notice of appointment dated 1 October 2020.
• Contact point: Questions regarding the Company should be directed to the JPLs via the email address cbcbmnfs@deloitte.com.

Applies to

Northstar Financial Services (Bermuda) Ltd. (insurer under liquidation)

Deadlines

• 25 September 2020: Date of Supreme Court order appointing joint provisional liquidators.
• 1 October 2020: Date of the Notice of appointment of the joint provisional liquidators.