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'Mr Insurance'  

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 Rock.

"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 http://www.fsc.gi/fsclists/categorysearch.asp .

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 enforcement@fsc.gi