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MFSA Warning – Hillwood Limited Insurance – Clone

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The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Hillwood Limited Insurance Co Ltd (“the entity”) which has an internet presence at https://www.hillwoodlimited.com/. This website is making unauthorised use of a similar name and reference to the registered office address of a Maltese registered company, Hillwood Ltd (C 74031).

The entity presents itself as being “the biggest property and casualty insurer in Malta”, saying that “Since 2016, Hillwood Limited Insurance Co., Ltd. (“HL”) has been delivering exceptional property and casualty insurance products and services to businesses and individuals.”, and that “HL offers, a commercial package, automobile policy, commercial umbrella and workers’ compensation”.

The Authority would like to inform the public that Hillwood Limited Insurance Co Ltd is NOT a Maltese registered company NOR licensed or otherwise authorised by the MFSA to provide any financial services which are required to be licensed or otherwise authorised under Maltese law. Additionally, https://www.hillwoodlimited.com/ has NO association with Hillwood Ltd (C 74031).

The website https://www.hillwoodlimited.com/  therefore appears to be a clone of the legitimate company and the public should therefore refrain from undertaking any business or transactions with the false entity.

Registered Entity Clone
Hillwood Limited Hillwood Limited Insurance Co Ltd
N/A https://www.hillwoodlimited.com
C 74031 N/A
183, Argali House, Triq il-Fortizza, Mosta, MST 1858 52, Il-Pjazzetta, Tower Road, Sliema, SLM 1607
MFSA Licensed Insurance Undertaking Unlicensed

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. A list of entities licensed by the MFSA can be viewed on the official website of the Authority at https://www.mfsa.mt/financial-services-register/.

For more information on clone companies please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-scams/. If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises. The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. A list of entities licensed by the MFSA can be viewed on the official website of the Authority at https://www.mfsa.mt/financial-services-register/.

This news item was originally published by the Malta Financial Services Authority (MFSA MT). For more information, see the Source Link.

Regulator Information

Abbreviation: MFSA
Jurisdiction: Malta

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