Elite Insurance Company Ltd

Failed 11 December 2019

FRN: 446926

Elite Insurance Company Ltd (“Elite”), a Gibraltar-based insurance company, entered administration on 11 December 2019 and is no longer paying claims. FSCS declared the firm in default on 11 December 2019 and is stepping in to protect the majority of policies Elite sold in the UK to individuals and small businesses.

FSCS is working closely with Elite’s administrator PwC LLP and the Gibraltar Financial Services Commission to understand the impact of Elite going into administration. We will continue to update this page with the latest developments.

  • 11 Mar, 2020

    FSCS has now paid £5.4m helping protect UK customers of Elite Insurance since it entered administration 3 months ago. We’re continuing to work closely with the administrators and claims handlers of Elite to ensure protected claims are processed swiftly.

  • 11 Dec, 2019

    Elite Insurance has failed. To keep up to date with how this affects policyholders, sign up for email updates, above.

Gibraltar-based Elite entered administration on 11 December 2019. The firm provided a range of insurance policies to the UK retail and commercial markets through a network of MGAs. Types of policy include After The Event (ATE) insurance, GAP insurance, motor insurance, solicitors professional indemnity insurance, latent/structural defect warranties and pet insurance.

Edgar Lavarello and Dan Schwarzmann of PwC LLP have been appointed as joint administrators of Elite. Armour Group will continue to manage Elite’s claims handling functions.

Further information can be found here: https://www.pwc.co.uk/elite-insurance


Contact details for Elite's UK policy holders