Qudos Insurance A/S has failed
Danish-based Qudos Insurance A/S has become the latest firm to fail after FSCS declared it in default on 20 December 2018.
The news comes after a decree was issued by the Maritime and Commercial Court in Copenhagen confirming that the firm had filed for bankruptcy.
Qudos provided a range of insurance policies to the UK retail and commercial market including motor insurance, GAP insurance, accident, sickness and unemployment insurance.
Jimmy Barber, Chief Operating Officer at FSCS, said:
"We are still in the process of identifying how many UK customers are affected by the failure of Qudos Insurance A/S. We are working closely with the liquidators, the Danish Guarantee Fund and the Danish FSA to make sure all those affected by the failure of Qudos are compensated accordingly."
UK customers of Qudos should visit the Qudos website for more information. You can also visit our Qudos customer information page for the latest developments. Get notification of the latest updates by following us on Twitter and Facebook.
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