Unrated Danish insurer Qudos declared bankrupt
FSCS vows to work with liquidator and Danish authorities.
The Financial Services Compensation Scheme (FSCS) has confirmed that unrated Danish insurer Qudos Insurance was declared bankrupt on 20 December 2018.
Qudos provided a range of insurance policies to the UK retail and commercial market including for motor, GAP, sickness and warranty.
The development follows on from the Copenhagen-headquartered insurer being closed to new business on 18 October.
This November Qudos’ owners, New Nordic Advisors, put the firm into liquidation.
At that time it
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