08 Feb 11
The Financial Services Commission has today issued a warning
to the public regarding "Mr Insurance".
The FSC has received information that this entity is operating
a website under the name of "Mr Insurance" and offering motor insurance policies
underwritten by Southern Rock Insurance Company Limited ('Southern Rock').
"Mr Insurance" is not connected to Southern Rock and any
insurance policies that it purports to issue are not underwritten by Southern
"Mr Insurance" is not regulated by the FSC, or licensed under
the Financial Services (Investment & Fiduciary Services) Act 1989, or the
Financial Services (Insurance Companies) Act 1987, to carry on insurance
mediation or insurance business in or from within Gibraltar.
"Mr Insurance" is not a Gibraltar registered company or a
trading name registered under the Business Names Registration Act.
The FSC therefore urges the public to exercise appropriate
caution in respect of this entity, whilst it continues its investigations
People are able to verify whether a firm is licensed by the
Gibraltar FSC, by checking the "Regulated Entities" section on our website at
Any persons who are already involved in any dealings with the
above entity and have concerns, should contact the Manager, Enforcement on +350
200 40283 or by e-mail to firstname.lastname@example.org