Premier Assurance Group SPC Ltd. – In Official Liquidation (2021-05-05)

Summary

This is a public enforcement notice from CIMA announcing that Premier Assurance Group SPC Ltd. was placed into official liquidation and that its insurance licence has been revoked. It is purely informational and does not create ongoing obligations for other regulated entities.

• Liquidation: On 19 April 2021 the Grand Court's earlier provisional liquidators, Jeffery Stower and Jason Robinson of KPMG Cayman Islands, were appointed as Joint Official Liquidators (JOLs) of Premier Assurance Group SPC Ltd.
• Licence revocation: CIMA revoked Premier's Class B(iii) Insurer's Licence under section 24(6)(b) of the Insurance Act, 2010, effective 19 April 2021.
• Contact: Enquiries regarding the liquidation should be directed to Thomas Anderson at KPMG (email tomanderson1@kpmg.ky, phone 345-914-4725).

The notice serves to inform the public and market participants of the change in status of this specific insurer; it does not impose new compliance requirements on other licensees.

Applies to

insurers, Class B(iii) insurance licensees