PHL Variable Faces Liquidation in 2027 as Rehabilitation Continues
PHL Variable Insurance Company is expected to enter liquidation proceedings in 2027, but it remains under court-supervised rehabilitation in Connecticut un…
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Insights on wealth structuring, investing and life abroad for expats & high-net-worth individuals.
Northstar and Omnia Liquidations: What Can Policyholders Recover?
The liquidations of Northstar Financial Services Bermuda and Omnia have raised concerns over how much policyholders can recover, particularly those holding…
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Tahoe Life Provisional Liquidation: What Happens to Policyholders?
Tahoe Life Insurance Company Limited has been under provisional liquidation in Bermuda since July 2024, while its Hong Kong operations have been managed un…
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FWU Life Insurance Lux Liquidation: What Policyholders Need to Know
FWU Life Insurance Lux policyholders must submit their claims to the liquidator by January 31, 2028, following the Luxembourg insurer's court-ordered liqui…
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City Credit Investment Bank Liquidation Linked to Alleged US$1.1 Billion Fraud
City Credit Investment Bank's liquidation involves an investigation into alleged fraud affecting an estimated 17,000 people with approximately US$1.1 billi…
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Bank of Asia Liquidators Obtain Hong Kong Recognition and Disclosure Order
Bank of Asia's liquidators have obtained recognition of the bank's British Virgin Islands liquidation in Hong Kong, along with a court order requiring a Ho…
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Hermes Bank Liquidation: What Happened in Saint Lucia?
Hermes Bank in Saint Lucia entered receivership in February 2025 and subsequently moved into liquidation. Its international banking license was revoked eff…
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Blue Ocean International Bank Charged Over Suspicious Activity Reporting
Blue Ocean International Bank, a Puerto Rico-based bank already in liquidation, faced US criminal proceedings in July 2026 over alleged failures to report …
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MBaer Merchant Bank Liquidation Update as Payment Cap Is Lifted
MBaer Merchant Bank remains in liquidation following regulatory action by Switzerland's FINMA in February 2026. However, a significant development came on …
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BONI and Hamilton Reserve Bank Face Judicial Recommendations in Nevis
A Nevis High Court judgment involving BONI, formerly Bank of Nevis International, and Hamilton Reserve Bank has resulted in payment orders and referrals fo…
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