Thousands Of Policies Transferred Out Of Failed Insurer
Law360, London (April 11, 2019, 2:06 PM BST) -- Britain’s bankruptcy compensation scheme said that it has worked with brokers to safeguard customers of a collapsed Danish insurance company by transferring approximately 165,000 motor and pet insurance policies to alternative providers.
The Financial Services Compensation Scheme said on Wednesday that it has secured insurance cover for U.K. customers of Qudos Insurance A/S, which was declared bankrupt by a Danish court in December at the request of the Danish Financial Supervisory Authority, or Finanstilsynet.
The FSCS said that it worked with brokers Tobell Insurance Services Ltd., Adrian Flux Insurance Services group and Trent-Services (Administration) Ltd. to transfer the motor, guaranteed asset...
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!