BMA Acknowledges Custodian Life Statement

Liquidators of Bermuda’s Custodian Life slam Swedish principal Joakim Samuelsson for ‘campaign of misinformation’ - OffshoreAlert

The Joint Provisional Liquidators of Bermuda life insurer Custodian Life Ltd., which allegedly borrowed $12.1 million from policyholders without their consent to fund its operations, have hit back at an alleged "campaign of misinformation" to disrupt the winding up by its Swedish principal, Joakim Samuelsson.

BMA Acknowledges Custodian Life Statement

The Bermuda Monetary Authority has acknowledged a July 1 statement by the Joint Provisional Liquidators of Custodian Life Limited, which has been under Court-Ordered Provisional Liquidation since November 2024. A spokesperson said, “The Bermuda Monetary Authority [Authority and BMA] is aware of a public statement issued on 1 July 2025 by the Joint Provisional Liquidators […]