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Horizon Insurance Company Ltd has failed

Gibraltar-based Horizon Insurance Company Ltd has become the latest firm to fail after FSCS declared it in default on 19 December 2018.

The news comes after the Supreme Court of Gibraltar appointed Freddie White of Grant Thornton as Administrator for the motor insurance company. Grant Thornton will deal with the management and settlement of any claims that arise from insurance policies that Horizon issued.

Jimmy Barber, Chief Operating Officer at FSCS, yesterday said:

"We estimate that 1,700 UK customers may be affected by the failure of Horizon. We are working closely with Grant Thornton to ensure all outstanding claims are paid in full."

It’s understood that the firm has no live insurance policies and we’re not expecting any claims for return of premium.

Customers of Horizon and third parties with outstanding claims should continue to deal with Catalyst Consulting Solutions, the existing claims handlers. You can find their contact details on the Horizon website.

You can also stay updated with the latest developments by checking our Horizon customer information page. Get notifications of the latest updates by following us on Twitter and Facebook.

 

Channel website: https://www.fscs.org.uk/

Original article link: https://www.fscs.org.uk/news/2018/december-2018/horizon-insurance-company-limited-has-failed/

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