Termination of Struck or Dissolved Insurance Entities (2020-12-16)

Summary

This is a public enforcement notice from CIMA identifying four Class B insurers that were removed from the Authority's register effective 16 December 2020. These entities failed to satisfy CIMA's termination requirements for surrendering their licences and were struck off the Companies Register of the General Registry, prompting CIMA to cancel their registration.

• Licence 937: Three Lakes Insurance Company, Ltd. (Class B Insurer)
• Licence 1235: Scottish Annuity & Life Insurance Company (Cayman) Ltd. (Class B Insurer)
• Licence 2337: Northwestern Memorial Insurance Company (Class B Insurer)
• Licence 2747: Centegra Insurance Services, Ltd. (Class B Insurer)

The notice is informational and confirms these entities no longer hold a licence with CIMA; it does not impose any ongoing compliance obligations on other market participants.

Applies to

Class B insurers

Deadlines

• 16 December 2020: Effective date on which the named Class B insurers were removed from CIMA's register following being struck off the Companies Register