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.
Latest News from
Guide published to reassure pensions savers28/05/2020 10:25:00
If the COVID-19 pandemic has caused you to worry about your pension, you’re not alone. Many people are concerned about the impact that COVID-19 could have on their pensions.
How we helped over 2,000 customers in four days27/04/2020 17:05:00
See the numbers behind FSCS COVID-19 measures.
FSCS allocation of claims regarding IFAs and SIPP operators09/03/2020 12:38:00
When customers suffer losses as a result of failed investments made via a SIPP there are often a number of different firms which may be liable for some or all of those losses.
FSCS clarification – July 2019 monthly defaults press release - Assura Protect Ltd27/01/2020 16:20:00
FSCS wishes to clarify that Assura Protect Limited of 86 Gloucester Place, London W1U 6HP has not been declared in default by FSCS and we understand is still trading and remains Authorised under FRN 678817 by the Financial Conduct Authority.
Quick Sure Insurance Company Ltd has failed27/01/2020 13:48:00
Quick Sure Insurance Ltd, a Gibraltar-based insurance company, was declared in default recently (Friday 24 January 2020) by the Financial Services Compensation Scheme (FSCS).
Plan and Budget20/01/2020 12:25:00
FSCS Plan and Budget outlines expected management costs and the latest forecast of potential claims volumes. Also outlined are initial forecasts for the levy financial services firms will pay next year, as well as any supplementary levy that may be due.
FSCS announces its annual Plan and Budget 2020/2116/01/2020 16:20:00
Compensation scheme announces indicative levy of £635m and management expenses budget of £78.2m for 2020/21 in its Plan & Budget
FSCS announces decision on LCF claims09/01/2020 13:25:00
The Financial Services Compensation Scheme (FSCS) today announces key decisions for claims in relation to the London Capital and Finance (LCF) failure.