CBL Insurance Europe Dac
FSCS declared default 25 February 2020
CBL Insurance Europe DAC (“CBL”), a Republic of Ireland-based insurance company, has been under administration since 12 March 2018 and was directed to stop paying claims by the Central Bank of Ireland on 9 December 2019.
On 20 February 2020 the Central Bank of Ireland lodged a petition with the Irish High Court to seek a winding-up order and to have a liquidator appointed.
FSCS is working closely with CBL’s current administrator and the Central Bank of Ireland to make sure that any eligible policyholders are protected. FSCS will protect most UK-based customers of CBL who are either individuals or small businesses with an annual turnover of less than £1m.
Further information can be found on the CBL website, http://cblinsuranceeurope.com
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13 Mar, 2020
FSCS is aware that Kieran Wallace and Cormac O’Connor of KPMG LLP were appointed joint liquidators of CBL on 12 March 2020. FSCS will continue to work closely with the liquidator and their team at KPMG to ensure protected UK claims are dealt with swiftly.
If you are a UK-based policyholder of CBL and are unsure about what to do next, please consult the liquidator’s website www.cblinsuranceeurope.com for more information. You can also contact FSCS. More information on FSCS protection limits can be found on our compensation limits pages.
Commonly asked questions
FSCS will protect most UK-based customers of CBL who are individuals or small businesses with an annual turnover of less than £1m. More information on FSCS protection rules and limits can be found on our compensation page.
If you need to make a claim you should continue to follow the instructions set out in your CBL policy documentation.
If you need to check on the status of an existing claim you should continue to liaise with the claims handler who was previously dealing with your claim.
Alternatively, you can email your enquiry to Policyqueries.firstname.lastname@example.org .
FSCS will share more information on this once the administrators have confirmed how they intend premium refund claims to be calculated.