FSCS declares CBL Insurance Europe in default
The Financial Services Compensation Scheme is now stepping in to protect the majority of policies sold in the UK to individuals and small businesses by CBL Insurance Europe having declared the insurer to be in default.
The authority made the decision on 24 February.
Dublin-based CBLIE has been in administration since 12 March 2018 and stopped paying claims on 9 December 2019.
The business, which provided builder’s
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