Enforcement Action

Enforcement Action: Warning Letter
Name of Entity: Global Hawk Insurance Company Ltd.
Date of Action: 3/9/2015

A warning was issued to Global Hawk Insurance Company Ltd. for its contraventions of sections 10 and 12 of the Insurance Act, 2008, by failing to maintain the minimum contributed capital and the minimum margin of solvency as prescribed by sections 130 and 131 of the Regulatory Code, 2009, respectively.