MCE Insurance Company Ltd

Failed 19 November 2021

FRN: 611321

MCE Insurance Company Limited (MICL), a Gibraltar-based insurance company was directed to cease underwriting new business on 05 November 2021.

On 19 November 2021, the company was placed into administration, being no longer able to pay claims. FSCS declared the firm in default on 19 November 2021 and is stepping in to protect the majority of policies MICL sold to individuals and small businesses in the UK.

FSCS is working closely with the appointed Joint Administrators, Andrew Stoneman and Geoff Bouchier of Kroll (Gibraltar), and the Gibraltar Financial Service Commission to understand the impact of the insurance firm’s failure. We will continue to update this page with the latest developments.  

MCE Insurance Company Limited entered administration on 19 November 2021.

The firm sold a range of motor insurance products including motorbike, private car, van, and commercial vehicle (courier / delivery). Policies were sold in the UK through their UK based broker, MCE Insurance Ltd. If you are unclear about whether your insurance policy was backed by MICL, please contact the insurance broker who sold you the insurance policy for confirmation.

The broker MCE Insurance Limited (MCE UK) based in Northamptonshire provides various administration services including claims management, to the Company under a Service Agreement. MCE UK is not part of the Administration process.

Further information can be found here:

T: +44 1933 351361