Lemma Insurance Europe Ltd update

2nd October 2012

This is the situation as at 2 October 2012. The Supreme Court in Gibraltar has appointed  Provisional Liquidators of Lemma Europe Insurance Company Ltd.  FSCS is currently in discussions with Grant Thornton who are the Provisional Liquidators and understands that  the company’s payments to policyholders have been suspended whilst the Provisional Liquidators investigate the firm’s assets and liabilities.

We appreciate that you may be  concerned about your claim and any payment that might be due from Lemma, but, at this stage, we are unfortunately not in a position to discuss individual claims.  However, Lemma was an FSA authorised firm, so that certain claims against the company may be protected by FSCS.  We expect these to be certain UK risks of individuals or small businesses.

Grant Thornton will be writing to all policyholders shortly. Policyholders will also be sent a fact sheet explaining the role of FSCS.

We will update the position shortly.

If you have questions, you should contact the Provisional Liquidator whose details are shown below:

Frederick David John White
Grant Thornton (Gibraltar) Limited
6A Queensway
Gibraltar
Tel 0035020045502
Fax 0035020051701
Email enquiries@gi.gt.com

Website http://www.grantthornton.gi