Winding Up - PB Life and Annuity Co. Ltd (2020-10-01)

Summary

This is a notice from the Bermuda Monetary Authority announcing that it has commenced winding up proceedings against PB Life and Annuity Co. Ltd. in the Supreme Court of Bermuda, Commercial Court jurisdiction. It confirms that the Supreme Court, by order dated 25 September 2020, appointed joint provisional liquidators (JPLs) over the company.

• Company: PB Life and Annuity Co. Ltd. is the subject of the winding up proceedings.
• Appointment: Rachelle Frisby and John N Johnston of Deloitte Ltd. were appointed as joint provisional liquidators (JPLs) of the company.
• Contact: Questions regarding the company should be directed to the JPLs via the email address provided (cbcbmpbla@deloitte.com).

This is a purely informational enforcement notice concerning a single named company and does not impose ongoing regulatory obligations on the wider industry.

Applies to

PB Life and Annuity Co. Ltd. (long-term insurer)