Posted on March 13, 2013 08:52
Advisory Warning No. 13 of 2013
13 March, 2013
Granite Global Insurance Company Limited
(Aka: Granite Global Company Limited)
Tortola, British Virgin Islands – 13 March, 2013 – The British Virgin Islands Financial Services Commission (the “FSC”) has been made aware that a BVI business company called Granite Global Insurance Company Limited, formerly known as Granite Global Company Limited, has been offering insurance and reinsurance services in or from within the Virgin Islands whilst purporting to be licensed and regulated in the British Virgin Islands.
As a result of the FSC’s enquiries, it would appear that this BVI business company uses the aforementioned company and trading or operating names, and is offering its insurance services through a website located at www.granitegic.com.
The BVI business company known as Granite Global Insurance Company Limited, and formerly known as Granite Global Company Limited has never been licensed by the FSC to carry on insurance business in or from within the Territory.
Members of the public are therefore advised to exercise extreme caution if solicited at any time by this entity under any of its aforementioned company and trading names.
The public is invited to provide the FSC with any relevant information on this, and any other questionable entities that are purportedly operating in or from within the Territory.
The FSC is issuing this Advisory Warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.