The Danish Maritime and Commercial High Court has officially declared the bankruptcy of Qudos Insurance.
Following this development, the non-life insurer whose operations were not only in Denmark but also in France, Germany, Greece, Ireland, Italy, Malta, Norway, Sweden, and the UK is now part of the failed firms list provided by British compensation fund FSCS or the Financial Services Compensation Scheme.
In the UK, the in-default insurer provided policies such as motor insurance, GAP insurance, as well as accident, sickness, and unemployment insurance.
We are still in the process of identifying how many UK customers are affected by the failur…
Read the full article at: https://www.insurancebusinessmag.com/uk/news/breaking-news/qudos-insurance-declared-bankrupt-danish-fund-to-compensate-119764.aspx