Red Sands scoops up failed insurer Lamp’s home policies
Now4Cover has moved the customers to Gibraltar-based provider Red Sands.
The Financial Services Compensation Scheme (FSCS) has announced that replacement home insurance cover has been secured with Red Sands for home insurance policyholders whose policies were previously underwritten by Lamp Insurance Company.
Lamp, a Gibraltar-based insurer was placed into liquidation on 31 May 2019. It’s collapse re-ignited the debate around unrated foreign-domiciled providers.
According to the FSCS, now4cover, the broker that originally placed the policies with Lamp, has secured
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