Public Statement - American Great Lakes Insurance Company Ltd. (2011-09-19)

Summary

This is a public statement issued by the BVI Financial Services Commission concerning American Great Lakes Insurance Company Ltd., a former insurance captive licensee. It is Public Statement No. 4 of 2011 and serves to notify the public that the company is no longer licensed or regulated by the Commission.

• Purpose: To protect the interests of customers and creditors of the company and inform the general public of its regulatory status.
• Status: The company is confirmed as no longer licensed or regulated by the Commission.
• Outstanding matter: The company remains subject to enforcement action that has not been resolved (Matter ID ENF0916/109).

The statement is informational in nature, alerting market participants and the public rather than imposing new compliance requirements on other regulated entities.

Applies to

insurance captive companies