Some alternative cover for Qudos’ motor, motor add-on and pet insurance policyholders is being offered through two unrated insurers.
FSCS "hopeful" 30 April deadline could lead to a deal being agreed as CRL continues to look for replacement cover following unrated insurer Alpha's bankruptcy last year.
CEO Steve Mansour says the broker has been working with the FSCS for some months in order to help transfer policies affected by Alpha’s bankruptcy last year.
The FSCS named Adrian Flux and Tobell Insurance Services as it detailed the transfer of 165,000 policies from the bust Danish provider.
FSCS says the broker is "making progress" in finding replacement cover after unrated Danish insurer Alpha collapsed last year.
Danish provider declared bankrupt on 20 December 2018.
Boss Mark Bower-Dyke says results were impacted by poor market conditions and unrated insurers charging low prices.
FSCS vows to work with liquidator and Danish authorities.
May was all about the collapse of Alpha. Aviva pulling agency with GRP also caught brokers' interest along with Amazon's potential insurance plans.
Ida Axling and Siân Barton take a look at this week’s headlines.
Portfolios put into run-off with Darag.
Decision comes after two of the firm's major creditors did not support voluntary administration.
The unrated insurer debate, technology and consolidation all come under the microscope.
Roger Flaxman finds lessons for brokers in a fascinating £100,000 case where a firm faced litigation for not using unrated insurers.
In a busy week for news brokers wanted to read about potential deals, premium finance, senior departures from insurers and the "crack cocaine" of insurance.
Close Brothers to end non-recourse policies for Danish insurer’s product.
Premium finance provider will still issue recourse policies for the insurer.
Nick Garner, of Financial and Legal Insurance, examines the FCA guidance on due diligence and argues that non-UK domiciled providers are not monitored with the rigour they should be.
Another Alpha would hit UK insurers but policyholders would still be compensated.
Siân Barton and Ida Axling chat about the most popular stories to hit the headlines.
The regulator has worked with Premia Solutions to replace GAP policies following Alpha going into liquidation earlier this year.
Insurer picked up car and bike policies.
It has been another jam-packed news week but which stories got your attention since the market returned to business after the Bank Holiday?
Premium finance firm says working in partnership has delivered better outcomes for customers.