1st June 2005
This is the current position
BPS Insure Limited went into administration on 27th May, following action that was taken by the FSA to prevent detriment to consumers.
The administrator transferred the business to Towergate Underwriting Group Limited, a broker/underwriting agency. The administrator has told the FSA that most policyholders have valid cover.
Policyholders wanting to check the status of their policy should contact Towergate, which will advise them, and if necessary arrange alternative cover.
If you have any queries about the status of your insurance policy please contact Towergate on one of the numbers below.
FSCS is currently talking to the administrators to determine our involvement. FSCS may be able to help customers of BPS Insure Limited if the firm is unable to pay claims made against it.