Alpha collapse causes “massive upheaval” with taxi to the fore
The unrated Danish insurer's bankruptcy has caused havoc.
Brokers have rushed to respond to taxi insurance customers affected by the collapse of unrated Danish insurer Alpha Insurance.
Alpha policyholders, including a large amount of taxi drivers, were suddenly left uninsured on 8 May when Alpha was declared bankrupt after a filing by its liquidators.
A-Plan chief executive officer Carl Shuker told Insurance Age that the broker had “a few policies” with Alpha, but that these had been replaced immediately.
“We had a handful on Alpha and they now have
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