General Insurance Article - Alpha Insurance A/S declared bankrupt


Alpha Insurance A/S ('Alpha') is an insurance firm authorised and regulated by the Danish Financial Supervisory Authority. It operates in the UK on a freedom of services basis which means that some customers, both private and commercial, based in the UK may have a policy with the firm.

 The Danish FSA has announced that Alpha has been declared bankrupt. UK policyholders need to find alternative cover as soon as possible.

 Existing Alpha insurance policyholders should immediately contact their insurance broker or firm who sold them their policy in the first instance in order to seek new insurance cover.

 It is possible that the Danish Guarantee Fund may cover some existing policies, primarily for policyholders with private insurance, until 5 June 2018. 

Back to Index


Similar News to this Story

51% of planned US data centres at risk of destructive storms
New analysis from MS Amlin reveals growing natural catastrophe risk as US data centre development shifts south. Over $600bn of planned data centre inv
Asia as a key growth engine for the Cyber Insurance market
Asia is emerging as one of the most important growth regions for cyber insurance globally, according to joint research published by cyber risk analyti
Insurance AI adoption tempered by systemic risks
Artificial Intelligence (AI) adoption accelerates across the insurance ecosystem, yet underlying market realities temper widespread optimism. While in

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.