Skip to content

Insolvency & Bankruptcy

Premier Assurance Group SPC Ltd

Effective 5 January 2022, Teneo, the global CEO advisory firm, acquired KPMG’s Cayman and British Virgin Islands ("BVI") restructuring business. As a result of the acquisition, the JOLs and their team are now part of Teneo and will continue to administer the liquidation of Premier Assurance Group SPC Ltd. For more information about Teneo, please visit

The JOLs have retained all records associated with the liquidation of Premier Assurance Group SPC Ltd and as such there is no requirement for creditors to resubmit information or claim sent to the JOLs prior to January 5, 2022.

Queries relating to the liquidation should be directed to the JOLs’ new dedicated mailbox: The JOLs have access to all previous emails sent to or from the JOLs’ former mailbox.

Jeffrey Stower and Jason Robinson of Teneo in the Cayman Islands are appointed Joint Official Liquidators of the Company and its segregated portfolios.

Premier Assurance Group SPC Ltd (in Official Liquidation) (the “Company”) that has two segregated portfolios: (i) Premier Assurance Segregated Portfolio (“PASP”) and (ii) Global Assurance Segregated Portfolio (“GASP”) (together the “Segregated Portfolios”).

On 14 September 2020, Jeffrey Stower and Jason Robinson, both of Teneo, were appointed as joint controllers (the “Joint Controllers”) of the Company by the Cayman Islands Monetary Authority (the "Regulator") pursuant to a notice issued under section 24(2)(h) of the Cayman Islands Insurance Law, 2010. Subsequently, on 27 October 2020, Jeffrey Stower and Jason Robinson were appointed as joint provisional liquidators (the “JPLs”) of the Company by the Grand Court of the Cayman Islands (the “Grand Court”) pursuant to section 104(3) of the Companies Act (2021 Revision).

On 19 April 2021, Jeffrey Stower and Jason Robinson were appointed as joint official liquidators (the “JOLs”) of the Company the Grand Court pursuant to section 105(2) of the Companies Act (2021 Revision).

Unit Linked Life insurance policies were insured by PASP.

Health insurance coverage was offered by GASP.

Please refer to the FAQs below.

Any written enquiries to the JOLs should be sent to

Copies of all notices and communications authorised by Teneo will be posted to this website.

PASP (Life Insurance)

Complaints19 September 2022

DE 1 Silverback Complaint

Interim Distribution4 October 2022

Interim Dividend Steps Outline (PASP)

20 April 2022

Interim Dividend Steps Outline (PASP)

1 April 2022

Interim Dividend Steps Outline (PASP)

Esquema de los Pasos del Dividendo a Interino (PASP)

Proof of Debt14 May 2021

Proof of Debt Form (PASP)

FAQs18 January 2022


3 November 2021


28 April 2021

PAPR (Life Insurance) FAQs 

28 October 2020


Perguntas frequentes (PASP) Portuguese

Preguntas Frecuentes (PASP) Spanish

FAQs (PASP) Japanese 

25 October 2020

PASP (Life Insurance) FAQs

Reports31 May 2022

Second Report of the JOLs (PASP)

Appendix 3 – Proxy Form

Appendix 4 – Proof of Debt Form

14 May 2021

First Report of the JOLs (PASP)

Appendix 2 – Guidance Note on Liquidation Committees

Appendix 3 – Nomination for Liquidation Committee

Appendix 4 – Proof Of Debt Form 

Appendix 5 – Proxy Form

Notices23 September 2022

Update to Creditors (PASP)

Update to Creditors (PASP) – Text only version

4 May 2022

Update to Creditors (PASP)

15 March 2022

Notice to PAPR Participants

8 February 2022

Update to Creditors (PASP)

12 November 2021

CWR Form No 32

20 April 2021

Notice to Creditors (PASP)

24 March 2021

Notice to PAPR Participants

Notice to PASP Participants

Notice to Stakeholders (PASP) - 29 January 2021

Notice to Stakeholders (PASP)

4 December 2020

Notice to Stakeholders (PASP)

Notice to stakeholders (PASP) Japanese

Aviso A Partes Interessadas (PASP)

Aviso Para Los Acreedores (PASP)

Notice to stakeholders (PASP) Chinese


28 October 2020

Notice to Stakeholders (PASP)

Aviso A Partes Interessadas (PASP) Portguese

Aviso Para Los Grupos De Interes (PASP) Spanish

Notice to Stakeholders (PASP) Japanese

12 October 2020

Notice to Producers (PASP)

Notificación a los Productores (PASP)

Notice to Participants (PASP)

Notificación a los Miembros (PASP)

Meeting Minutes21 June 2022

Minutes of the Second Meeting of Creditors of PASP

Regulatory Information

Regulatory Information

Teneo refers to Teneo Holdings LLC and its subsidiaries and affiliates worldwide. Securities products and services are offered in the United States by Teneo Securities LLC, member of FINRA and SIPC.

Details of the entity providing services, legal and regulatory information in respect of the Teneo entity are also included in our engagement letters.

Please see Terms of Use for full legal notices and further information.

Specific information relating to our regulated entities which provide services to clients is detailed below:

Registered NameLegal FormRegistration Location and ReferenceRegistered OfficeData ProtectionRegulator(s)Professional Indemnity Insurance
Teneo Financial Advisory LimitedLimited CompanyEngland & Wales, 131929585th Floor, 6 More London Place, London, SE1 2DAUK - ZA920639The Institute of Chartered Accountants in England and Wales (“ICAEW”) C008873136. All insolvency practitioners are licenced by the ICAEW. ICAEW Designated Professional Body licence for a range of investment business activities.Details of the professional indemnity insurer can be provided on request.
Teneo Securities LLCLimited Liability CompanyUSA - Delaware280 Park Avenue, 4th Floor, New York, NY 10017N/AFinancial Industry Regulatory Authority (FINRA) #151256. Securities and Exchange Commission (SEC).Details of the professional indemnity insurer can be provided on request.

Teneo Securities LLC’s Business Continuity Planning

Teneo Securities LLC has developed a Business Continuity Plan (“BCP”) on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our BCP.

The Firm has developed and installed a BCP in the case of any business disruption that causes the Firm to have limited or no communications with its employees or customers. Our plan anticipates two types of business disruptions, internal disruptions which affect only our Firm’s ability to do business (such as a fire in our building) and external disruptions that prevent the operation of securities markets or other firms (such as natural disasters or acts of war).

The Firm intends to stay in business during both internal and external disruptions due to the fact that the Firm employees can conduct Firm related business from alternate off-site physical locations and the Firm maintains an alternate location for the maintenance of its books and records. We anticipate that the Firm will recover from internal business disruptions within 24-48 hours. An outage due to an external business disruption may be longer and is beyond the control of the Firm. However, the Firm will endeavor to resume business as soon as it is possible for the Firm to establish business operations from alternate off-site physical locations.

The Firm’s BCP specifically addresses the following areas related to Firm operations:

  • Data back-up and recovery (hard copy and electronic);
  • All mission critical systems;
  • Procedures to test and determine the Firm’s ability to do business (i.e., financial and operational assessments);
  • Alternate communications between customers and the Firm;
  • Alternate communications between the Firm and its employees;
  • Alternate physical location of employees;
  • Critical business constituent, bank, and counter-party impact;
  • Regulatory reporting; and
  • Communications with regulators.

If you have questions about our business continuity planning, you can contact us (212) 886-1600.