GFSC issue public warning over Dubai based insurance company

The Gibraltar Financial Services Commission have issued a public warning over Global Surety Insurance Company LLC in Dubai.

The Gibraltar Financial Services Commission (GFSC) have issued the following warning to the public regarding Global Surety Insurance Company LLC –

Following receipt of an enquiry, the GFSC reviewed the above website and found that it advertises products such as commercial insurance solutions and surety bonds within Gibraltar. The website also makes statements in which it claims that “our companies are variously regulated by the Gibraltar Financial Services Commission” and “using our regulated companies in Gibraltar”. 

Global Surety Insurance Company LLC are not authorised by the GFSC, nor is an application pending for authorisation. Further checks conducted at the register of companies confirm that it is not a Gibraltar company, nor a name registered under the Business Names Registration Act. 

Therefore, the GFSC urges the public to exercise appropriate caution in respect of Global Surety Insurance Company LLC. 

People are able to verify whether a firm is licensed by the GFSC in Gibraltar, by checking our Regulated Entities section here.

Any persons who are already involved in any dealings with the above entity and have concerns, should contact our Enforcement Team on +350 200 40283 or by selecting Enforcement on our Contact Us page.

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