Alpha, Enterprise and Gable failures set FSCS back £276m


Organisation also expects brokers to carry out the due diligence on replacement carriers.

The Financial Services Compensation Scheme (FSCS) has revealed that £276m in compensation has been paid out to customers of collapsed firms Alpha, Enterprise, and Gable.

New figures from the organisation place the price tag of each firm’s failure at £54m, £165m, and £57m respectively.

Alex Kuczynski, chief corporate affairs officer at the FSCS, disclosed the data today (10 December) at a briefing for members of the Managing General Agents’ Association.

Kuczynski also highlighted that a

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