Beechwood Re Official Liquidation (2018-11-30)

Summary

This is a public enforcement notice from CIMA announcing that Beechwood Re was placed into official liquidation on 27 November 2018. Stuart Sybersma and Michael Penner of Deloitte & Touche, who had previously served as Joint Controllers of the company since July 2017, were appointed as Joint Official Liquidators (JOLs).

• Liquidation: Beechwood Re was placed into official liquidation on 27 November 2018.
• Licence revocation: Beechwood Re's insurance licence was revoked under section 24(5)(d) of the Insurance Law, 2010, effective from the date of the JOLs' appointment.
• Contact: Enquiries relating to the liquidation should be directed to Marcin Czarnocki at Deloitte & Touche.

This notice is informational and specific to Beechwood Re; it does not impose ongoing compliance obligations on other regulated entities.

Applies to

insurance companies