This website has been established by policyholders of Custodian Life Limited
a profitable, well-managed Bermuda regulated insurance company,
deliberately and capriciously destroyed by the Bermuda Monetary Authority ("The BMA")!!

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Custodian Life was a profitable, successful, clean-audited investment insurance company
with over 2,000 policyholders and over US$ 200 million of investment assets -
then 2 BMA officers, Susan Davis-Crockwell and Gerald Gakundi, conspired to destroy it.

Who suffered???

The 2,000 policyholders deprived of access to their investments for almost 2 years!!
The IFA's who managed the policyholders' investments, clients carefully built up over the years
with a secure business with Custodian Life, until the BMA wiped out all client goodwill and their fee income!!
The experienced management of Custodian Life, who carefully built a profitable company
and a loyal client base over 10 years!!
Bermuda's reputation as an orderly financial market!!

Who gained???

The egos of Susan Davis-Crockwell and Gerad Gakundi, who continued to earn a salary
whilst they sowed the seeds of destruction on policyholders' lives!!
The Joint Provisional Liquidators, from Deloittes, who milked Custodian Life for US$ 1 million per year!!
Lawyers, in particular Harneys, who's partner Henry Tucker jumped ship from Custodian Life's lawyers Carey Olsen
a few days before the BMA put Custodian Life into provisional liquidation -
to legally represent the liquidators from Deloittes!!

Susan Davis-Crockwell BMA Deputy Director, Enforcement	Gerald Gakundi BMA Deputy MD, Supervision - Insurance	VERSUS	Joakim Samuelsson CEO, Custodian Life
Jon Johnson JPL & Deloittes	Marcin Czarnocki JPL & Deloittes	Henry Tucker JPL Lawyer Harneys

Custodian Life Limited ("CL") was launched in Bermuda in 2011,

as an insurance company registered under the Insurance Act 1978. It operates with the benefit of legally segregated accounts designed to ensure that each Policyholders' assets are insulated from the liabilities associated with all other Policyholders' assets and which includes protection against both insolvency of any other Policyholder’s segregated account or of the Company itself.

This insurance company was regulated in Bermuda by the BMA, had KPMG as its auditor,

As for the BMA? Established under the Bermuda Monetary Authority Act 1969, the Authority supervises, regulates and inspects financial institutions operating from within the jurisdiction. It's Mission Statement states "We contribute to Bermuda's financial stability, protect customers of financial services". It is supervised by the Ministry of Finance.

The Minister of Finance, also the Premier of Bermuda, has been petitioned to launch a government public inquiry into the behaviour of the BMA and its various officers!!.
Email him and add weight to this petition, on d.burt at parliamnent.bm.

And if you are a policyholder or an IFA, and have had investments frozen in Custodian Life? Read on!!!