We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

UK Customers Hit As 2 Insurers Collapse, Regulators Say

Law360, London (December 21, 2018, 10:59 AM GMT) -- Gibraltar-based motor insurer Horizon has entered into administration, affecting 1,700 customers in Britain, while a Danish insurance company that also operates in the U.K. and across Europe has gone bankrupt, creating extra work for regulators ahead of Christmas.

The U.K. Financial Conduct Authority said in a statement on Thursday that Horizon Insurance Co. Ltd. had entered into administration on Wednesday. Britain’s Financial Services Compensation Scheme said it declared the company — which stopped taking new business two years ago and was previously known as Octagon Insurance — in default on the same day.

The statutory compensation fund is working with an...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS