East West Insurance Company Ltd

Failed 12 October 2020

FRN: 202806

East West Insurance Company Ltd (“EWIC”), a UK-registered insurance company, entered administration on 12 October 2020. FSCS declared the firm in default on 12 October 2020 and is stepping in to protect the majority of policies EWIC sold to individuals and small businesses.

FSCS is working closely with EWIC’s joint administrators, the Financial Conduct Authority and the Prudential Regulation Authority to understand the impact of the insolvency. We'll continue to update this page with the latest developments.

UK-based EWIC entered administration on 12 October 2020.

The firm had a portfolio of 10-15 year structural defects insurance policies. These transferred from Zurich Insurance plc in 2018. The structural defects policies were issued to home buyers by Zurich.

Richard Barker & Simon Edel of EY were appointed as joint administrators of EWIC. FSCS will work closely with them to ensure all eligible policyholders affected by the failure are protected. Armour Group will continue to manage EWIC’s claims handling functions.

Further information can be found at www.ey.com/en_uk/eastwestinsurance.

Contact information for EWIC policyholders: email enquiries@east-west-insurance.com, tel: 0333 4000 393.



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