Public Statement - Moorgate Insurance Company Limited (2013-03-05)

Summary

This is a public statement issued by the British Virgin Islands Financial Services Commission concerning Moorgate Insurance Company Limited, an insurance captive licensee. The Commission published this notice, designated Public Statement No. 3 of 2013, to inform the public, customers and creditors that Moorgate's licence has been revoked and that it is no longer licensed or regulated by the FSC.

• Purpose: To protect the public interest and the interests of customers and creditors of Moorgate Insurance Company Limited.
• Status change: Moorgate Insurance Company Limited's insurance licence has been revoked and it is no longer licensed or regulated by the FSC.
• Reference details: Licence Type: Insurance Captive; Matter ID: INS040213/037; Public Statement No. 3 of 2013.

The notice is informational and specific to this one company rather than imposing new ongoing requirements on the wider insurance industry. Members of the public and any remaining customers or creditors dealing with Moorgate should be aware that it no longer holds regulatory authorisation in the BVI.

Applies to

Insurance captives, Moorgate Insurance Company Limited