Public Warning - Custody Life Bermuda Ltd (2026-10-06)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority alerting the public that Custody Life Bermuda Ltd and its website falsely claim to hold a BMA licence or registration. The Authority confirms the company is not registered or licensed under the Insurance Act 1978 or any other Bermuda law it administers.

• False claim: The website states the company holds an innovative life insurance charter and is licensed under class IILT by the BMA, which is untrue.
• No oversight: The company has no regulatory or supervisory oversight from the BMA, so anyone dealing with it does so entirely at their own risk.
• Listed as warning: The company has been added to the BMA public warning list of entities falsely claiming authorisation or engaged in unregulated activity.