Public Statement No. 2 of 2013 - Universal Highland Assurance Company Limited (2013-05-04)

Summary

This is Public Statement No. 2 of 2013, issued by the BVI Financial Services Commission to inform the public that Universal Highland Assurance Company Limited, formerly licensed as an insurance captive, has had its licence revoked and is no longer licensed or regulated by the FSC.

• Purpose: To protect the public interest and the interests of the company's customers and creditors by publicising that the licence has been revoked.
• Entity concerned: Universal Highland Assurance Company Limited, Licence Type: Insurance Captive, Matter ID INS022213/021.
• Effect: The company is no longer authorised to conduct insurance business in or from the British Virgin Islands.

The statement is purely informational and enforcement-related; it does not impose ongoing compliance obligations on other licensees but serves as a public warning regarding this specific former licensee.

Applies to

insurance captives, insurance companies