Appointment of Joint Liquidators - AAUG Insurance Co. Ltd. (2015-11-30)

Summary

This is an enforcement notice published by the British Virgin Islands Financial Services Commission announcing that the Court has appointed joint liquidators for AAUG Insurance Co. Ltd. The Commission applied for the appointment under its enforcement powers in the Financial Services Commission Act, 2001 and the Insolvency Act, 2003, and the Court granted the appointment on 30 November 2015.

• Joint Liquidators appointed: Christopher John Wilkinson Hill (Ernst & Young, Road Town, Tortola) and Keiran Hutchinson (Ernst & Young, Camana Bay, Grand Cayman) were appointed as Joint Liquidators of AAUG Insurance Co. Ltd.
• Legal basis: Application made under section 37(2)(ea) of the Financial Services Commission Act, 2001 and sections 159(1)(a) and 162(1) of the Insolvency Act, 2003.
• Matter reference: Matter ID BF101113/279.

This is a purely informational enforcement alert recording a completed Court appointment; it does not itself impose ongoing compliance obligations on other regulated entities.

Applies to

insurance companies