Public Statement - Settlement Casualty Corp. (2012-06-27)

Summary

This is a public statement issued by the BVI Financial Services Commission concerning Settlement Casualty Corp., an insurance captive licensee. It notifies the public and industry that the company is no longer licensed or regulated by the Commission and remains subject to outstanding enforcement action. The notice is intended to protect the public interest and the interests of the company's customers and creditors.

• Entity named: Settlement Casualty Corp., licence type Insurance Captive
• Status: No longer licensed or regulated by the BVI FSC
• Enforcement status: Subject to enforcement action that remains outstanding (Matter ID ENF0511/070)
• Reference: Public Statement No. 3 of 2012

The statement is purely informational, warning the public and market participants rather than imposing any new compliance requirements on regulated entities generally.

Applies to

Insurance Captive, Insurance sector licensees