Notice - Vesttoo Alpha P&C Ltd (2023-08-08)

Summary

This is a short public notice from the Bermuda Monetary Authority announcing that it has petitioned the Supreme Court of Bermuda to place Vesttoo Alpha P&C Ltd. into provisional liquidation. The Court granted the order on 2 August 2023, appointing Joint Provisional Liquidators (JPLs) to take control of the company.

• JPLs appointed: Charles Thresh and Michael Morrison of Teneo (Bermuda) Limited were appointed as Joint Provisional Liquidators of Vesttoo Alpha P&C Ltd. by Supreme Court order dated 2 August 2023.
• Contact for enquiries: Questions regarding the company should be directed to the JPLs via the listed Teneo email contacts (Douglas Campbell and Anthony di Natale), not the BMA.

The notice is purely informational, confirming a court-ordered insolvency action against a single named (re)insurer; it does not impose new rules or requirements on the wider industry.

Applies to

Vesttoo Alpha P&C Ltd. (insurer/reinsurer)