Investment - Articles - LAMP Insurance Company Limited applies for liquidation


LAMP is an insurance firm authorised and regulated by the Gibraltar Financial Services Commission (GFSC). It operates in the UK on a freedom of services basis which means that some customers, based in the UK, may have a policy with the firm.

 LAMP has submitted an application to the Supreme Court of Gibraltar to appoint the Official Receiver and place LAMP into liquidation. The hearing date is set for 31 May 2019.

 As lead regulator, GFSC has confirmed insurance policies are still valid, but any claims arising under these policies will not be paid at this time. Further details can be found on the GFSC website (link is external) and the Financial Services Compensation Scheme website (link is external).

 Policyholders wishing to discuss the matter further should contact their broker in the first instance.

Back to Index


Similar News to this Story

DB pensions adopting cashflow driven investment strategies
Almost three-quarters of UK defined benefit pension schemes could be adopting a cashflow driven investment strategy within 12 months, a survey of trus
Neil Woodford and illiquid assets
Celene Lee, Principal and Senior Investment Consultant at pensions and employee benefits consulting firm, Buck, comments:
Legal and General in largest UK bulk annuity for Rolls Royce
Legal and General Assurance Society Limited (“Legal & General”) today announces that it has entered into another record breaking bulk annuity transact

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.