Insurance insolvencies
Below is a list of insolvent insurers that FSCS is currently involved with. If you have a query or claim relating to any of these insolvencies, please get in touch with the insolvency practitioner (IP) for that firm who will be able to help.
An insurance insolvency occurs when an insurer finds itself in financial difficulty and the regulator believes it won’t be able to meet its liabilities. The firm will then often enter the insolvency process, e.g., administration, provisional liquidation or liquidation, and a court appoints an IP to manage the firm’s affairs.
The IP values the firm’s liabilities and recovers assets from its debtors. For an insurance company, the liabilities will include policyholders’ unpaid claims, which is where FSCS comes in. If these policyholders are eligible for FSCS protection, we work with the IP to ensure we pay these claims as quickly as possible.
General insurer defaults
| Company | Date |
| AA Mutual International Insurance Services Ltd | 01/05/2007 |
| Alpha Insurance A/S | 11/05/2018 |
| Andrew Weir Insurance Company Ltd | 12/11/1992 |
| Anglo American Insurance Company Ltd | 10/03/1997 |
| BAI Ltd (Builders Accident) | 30/07/1998 |
| Balva AAS Insurance | 04/07/2014 |
| Bermuda Fire and Marine Insurance Company Ltd | 16/12/1994 |
| Black Sea and Baltic General Insurance Company Ltd | 24/08/1998 |
| Bryanston Insurance Company Ltd | 23/03/1992 |
| CBL Insurance DAC | 22/02/2020 |
| Chester Street Insurance Holdings Ltd | 09/01/2001 |
| Continental Assurance Company of London plc | 27/03/1992 |
| Cotton Trades | N/A |
| Drake Insurance plc | 11/05/2000 |
| East West Insurance Company Ltd | 12/10/2020 |
| Elite Insurance Company Ltd | 11/12/2019 |
| English and American Insurance Company Ltd | 19/03/1993 |
| Enterprise Insurance Company plc | 28/07/2016 |
| Eurolife Assurance (International) Ltd | 24/04/2009 |
| European Risk Insurance Company hf. | 28/04/2014 |
| Gable Insurance AG | 22/11/2016 |
| Gefion Insurance A/S | 27/01/2021 |
| Highlands Insurance Company (UK) Ltd | 01/11/2007 |
| HIH Casualty and General Insurance Company Ltd | 16/03/2001 |
| Horizon Insurance Company Ltd | 19/12/2018 |
| Independent Insurance Company Ltd | 18/06/2001 |
| KWELM Group of Companies | 17/11/1993 |
| Lamp Insurance Company Ltd | 03/06/2019 |
| Lemma Europe Insurance Company Ltd | 05/10/2012 |
| Marina Mutual Insurance Association Ltd | 14/11/1997 |
| MCE Insurance Company Ltd | 19/11/2021 |
| Millburn Insurance Company Ltd | 11/12/2013 |
| Municipal General Insurance Ltd | 09/03/1994 |
| North Atlantic Insurance Company Ltd | 06/03/1997 |
| OIC Run Off Ltd / London and Overseas | 21/10/1994 |
| Pacific and General Insurance Company Ltd | 15/11/1985 |
| Paramount Insurance Company Ltd | 24/06/1996 |
| Prometheus Insurance Company Ltd | 27/01/2021 |
| Qudos Insurance A/S | 20/12/2018 |
| Quick-Sure Insurance Ltd | 24/01/2020 |
| Scan Re Insurance Company Ltd | 10/03/1994 |
| Sovereign Marine and General Insurance Company Ltd | 11/07/1997 |
| The Aldgate Insurance Company Ltd | 12/11/2009 |
| The Exchange Insurance Company Ltd | 06/10/2010 |
| Trinity Insurance Company Ltd | 23/03/1992 |
| UIC Insurance Company Ltd | 12/08/1996 |
Life Assurance Defaults
| Company | Date |
| Oaklife Assurance Company Ltd | 14/09/1993 |
| Underwriters National Assurance Company | 12/09/1980 |