Financial Services Compensation Scheme (FSCS)
Gibraltar’s Quick-Sure enters administration
Having stopped writing new business in 2017, the regulator estimates that only 117 claims are left to be settled.
FSCS levy hike reignites call for separate broker pot
Expected broker levy rose to £23m for 2020/21 after spike in PPI complaints.
FSCS hikes broker levy up by £11m for 2020/21
Organisation says indicative levy for general insurance distribution is £23m and publishes Plan and Budget for the next financial year as total levy goes up by £87m.
Tradewise Insurance Company enters voluntary run-off
New capacity deal will see UK partner Tradewise Insurance Services write motor business into 2020.
Quizzical questions: 13 December 2019
Test your knowledge of the week's news with our topical quiz.
Elite Insurance goes into administration
The Gibraltar-based insurer closed to new business in July 2017.
2019 in review: May's top stories
The top stories in May were dominated by insolvencies, run-offs, liquidations, and redundancies.
Alpha, Enterprise and Gable failures set FSCS back £276m
Organisation also expects brokers to carry out the due diligence on replacement carriers.
Two brokers on FSCS insolvency list
Strathearn Insurance Services and Bellfield Financial Services have been declared in default by the scheme.
FSCS urges Alpha latent defect customers to submit claims
Scheme has in total paid out £31m in premium refund compensation to 229,000 Alpha policyholders following the collapse of the unrated Danish insurer in May 2018.
CRL Management likely to close amid Alpha fallout
Alpha was CRL's sole provider until it went bankrupt last year, and CRL has filed a document on Companies House which proposes the firm is wound up.
FSCS pays out to Lamp home customers
Unrated Gibraltarian insurer went into liquidation in May.
FSCS pays out to Lamp GAP and health customers
Gibraltarian insurer went into liquidation at the end of May.
CRL stops writing new business amid Alpha fallout
The FSCS has been advised that all queries are being redirected to BCR.
The Insurance Age Podcast: 23 August 2019
The Insurance Age team unpick the most recent and most popular stories.
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.
Quizzical Questions: 16 August 2019
Test your knowledge of the week's news with our topical quiz.
FSCS declares broker in default
Westbury Capital Partners specialised in home and contents, motor and travel insurance as well as high net worth.
Collapsed Alpha replacement cover deal hits problems
FSCS flagged that “last minute issues” are preventing the deal being finalised as it admits it is unsure what the final outcome will be.
Red Sands scoops up failed insurer Lamp’s home policies
Now4Cover has moved the customers to Gibraltar-based provider Red Sands.
FSCS agrees Alpha replacement cover deal
Collapsed Danish insurer's latent defect policyholders will now be covered by a new, solvent insurer.
CRL close to finding replacement for Alpha policies
Broker has had its deadline extended several times, but FSCS says "good progress" has been made in recent days.
FSCS says top 110 firms will pay a £3m levy in 2019/20
Scheme publishes forecasts for the 2019/20 levies, with over half of companies paying less than £50.
FSCS makes first compensation payments to clients of Lamp
Payments made to clients who had outstanding property damage claims at the time of the insurer’s collapse.