Communiqué No 3 of 2022 - Suspension of License of Falcon Insurance Limited and Appointment of Administrator

The Financial Services Authority (“FSA”) makes reference to the Press Release dated October 27th, 2022 in relation to the suspension of the licence of Falcon Insurance Limited (“Falcon” or the “Company”), pursuant to section 96 of the Insurance Act, 2008, (“Insurance Act”) and the appointment of Mrs Mariam Rajabally, FCA, as Administrator in accordance with section 101 of the Insurance Act to manage the Company’s business, affairs and assets.

For any queries or further clarifications relating to the above, please contact the FSA on +248 2643227 or  the Administrator on the following email address: falcon.administrator@falconinsurance.sc 

Financial Services Authority