Public Statement - Stafford Insurance Ltd (2012-06-27)

Summary

This is a public statement issued by the BVI Financial Services Commission (Public Statement No. 7 of 2012) concerning Stafford Insurance Limited, an insurance captive licensee. It warns the public, and specifically the company's customers and creditors, that Stafford Insurance Limited is no longer licensed or regulated by the Commission and remains subject to outstanding enforcement action.

• Purpose: Protect the public interest and the interests of customers and creditors of Stafford Insurance Limited by publicising its unlicensed status.
• Status of company: Stafford Insurance Limited is no longer licensed or regulated by the Commission.
• Enforcement: Enforcement action against the company remains outstanding (Matter ID ENF0511/070).
• Licence type: The company previously held an Insurance Captive licence.

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

Applies to

insurance captive licensees, customers and creditors of Stafford Insurance Limited