Public Statement - Blue Swan Insurance (Jersey) Limited – RC 87071*

This statement is made in order to warn potential policyholders and others against dealing with unauthorised insurance business, and to advise existing policyholders of Blue Swan Insurance (Jersey) Limited of the current status of the company

The Jersey Financial Services Commission (the “Commission”) has issued this public statement under Article 43(2) of the Insurance Business (Jersey) Law 1996, as amended (the “Law”).

The Commission wishes it to be known that, subsequent to its previous Public Statements issued on 6 February 2006 and 7 April 2006 that advised of the closure of the company to new business and of the company’s intention to seek a hearing in the Royal Court for the purpose of obtaining approval for the winding up of the company and the appointment of a liquidator:

1. The Royal Court formally approved the company’s petition on Friday 28 April 2006, and appointed Ernst & Young as liquidator.

2. Policyholders and other creditors who have claims against the company are advised to contact the liquidator directly at the Jersey address:

Ernst & Young LLP
Unity Chambers
28 Halkett Street
St Helier
Jersey JE1 1EY

3. The Commission’s previous Public Statements concerning Blue Swan Insurance (Jersey) Limited may also be found on this website.

Click here to view the previous public statement.

Nigel Woodroffe
Director Insurance
Jersey Financial Services Commission

Nelson House
David Place
St. Helier
Jersey
JE4 8TP

31 May 2006

* The references RC relate to Jersey incorporated companies still registered.

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