Public Statement No. 7 of 2014 - Castlegate Insurance Company, Ltd. (2014-05-11)

Summary

This is a public statement issued by the British Virgin Islands Financial Services Commission (BVIFSC) to alert the public that Castlegate Insurance Company, Ltd. is no longer licensed or regulated by the Commission, its insurance licence having been revoked. The statement is intended to protect the interests of the company's customers and creditors and to inform the general public of the change in the company's regulatory status.

• Action taken: The FSC revoked the insurance licence previously held by Castlegate Insurance Company, Ltd.
• Reference: Public Statement No. 7 of 2014, Matter ID BF101113/230.
• Purpose: To warn customers, creditors and the public that the company is no longer authorised to carry on insurance business in or from the BVI.

The document is purely informational; it does not impose any continuing compliance obligations on other regulated entities or on the public. It serves only as notice of the revocation.

Applies to

insurance companies