FSCS set to compensate Alpha Insurance latent defect insurance policyholders
The body has stepped in after the collapse of the deal with BCR Legal Group.
The Financial Services Compensation Scheme (FSCS) is to compensate Alpha Insurance latent defect premium insurance policyholders.
The move follows the collapse of a proposed deal arranged by BCR Legal Group to provide replacement cover for Alpha’s 10-year latent defect/structural damage insurance policies.
Since May 2018, when the Danish company Alpha Insurance was declared bankrupt, FSCS has worked with BCR, the FCA, the Alpha liquidator and the Danish Guarantee Fund to try and secure
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