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February 13, 2012

Further to our advisory below, it has recently come to our attention that certain individuals may be active in selling the memberships in the Peel Region as well as other areas in Ontario.  If you have any information or knowledge of this program, please contact Tim Goff ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ).

 

October 14, 2011

RIBO Advisory

We understand that a number of brokers in the Greater Toronto Area have heard of a referral program being offered by representatives of “Net Wealth Capital Inc.” to sell memberships in “Axccess Lifestyle Membership Corporation”. One of the listed benefits of membership (summarized) is access to home and auto insurance (2 cars) for 5 years for a premium of $7797. The broker is listed as “Chesterfield Insurance Brokers Ltd.” with coverage provided by “Lloyd’s Canada”.

As insurance professionals, you know that this offer strains credulity. Accordingly, we are advising extreme caution for any brokerage considering promoting this product or considering a relationship with this Organization, until such time as the appropriate authorities can completely check into these claims.

So far, RIBO can advise that “Chesterfield Insurance Brokers Ltd.” is not a RIBO registered brokerage and that Lloyd’s in Montreal are not aware of this program.

Gary Hirst, Executive Director of the Chesterfield Group Limited would like to add the following:

"Whilst Chesterfield Insurance Brokers Limited is not RIBO registered, Chesterfield Insurance Brokers Limited is a fully accredited Lloyd’s Broker and registered with the UK Financial Services Authority, their registration number is 309345 and can be found on the FSA web site using the following link www.fsa.gov.uk/register/firmBasicDetails.do?sid=123580

Chesterfield Canada Inc. are a RIBO registered Broker and are proud to support their Governance.

Chesterfield Canada Inc. would also like to make it clear that they first became aware of this “product” promotion one week ago and immediately informed RIBO, Lloyd’s of London and the Toronto Police that they, Lloyd’s Canada and Chesterfield Insurance Brokers Limited, were not providing any support to the “Product” and that the use of the Chesterfield Group Company and Lloyd’s names and logos in the Publications are false and without their explicit permission.

Chesterfield Group companies have no association with Net Wealth Capital or Axcess Lifestyle Membership Corporation and do not endorse the Product that has been promoted.

Please direct any question to Tim Goff at RIBO and Gary Hirst at Chesterfield Canada Inc.”

www.ecoinsurances.com

Canada Office Telephone Number 011 416 774 2477

www.chesterfieldgroup.co.uk

Chesterfield Insurance Brokers Ltd.
St Clare House
30/33 Minories
London EC3N 1DD
Registered in England 3013489
Telephone: +44 (0) 20 7481 1683
Facsimile: +44 (0) 20 7488 1919
Chesterfield Insurance Brokers Limited is Authorised and Regulated by the Financial Services Authority. Our FSA Reference Number is 309345

http://www.chesterfieldgroup.co.uk/pdf/disclosure_notice.pdf


We will keep you advised. Kindly govern yourselves accordingly. We would appreciate any information from brokers that may have been approached by this Organization. Your cooperation is greatly appreciated.  Information can be forwarded to Tim Goff, Manager, Complaints and Investigations ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ).

 
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