East West Insurance Company Limited (in Administration) ("the Company" or "EWIC")
On 12 October 2020 Richard Barker and Simon Edel of EY were appointed as Joint Administrators of East West Insurance Company Limited (“the Company” or “EWIC”). The appointment was made by the High Court following an application under the provisions of paragraph 12(1) (b) of Schedule B1 to the Insolvency Act 1986.
Policyholders and claimants
All policyholders and claimants will be sent a written notification from the Administrators in due course.
In the meantime, for further information please refer to the Frequently Asked Questions (“FAQs”) provided below in the Administration documents section.
If after consulting the FAQs you require any further information or assistance, please contact us at enquiries@east-west-insurance.com.
The Financial Services Compensation Scheme ("FSCS")
The FSCS protects UK policyholders, generally individuals or small businesses, who are eligible to claim under the Policyholder Protection Rules. Based on the Administrators’ current understanding of the Company’s policyholders, it is expected that a significant number will meet the FSCS’ eligibility rules.
Further to an amendment to the Policyholder Protection Rules on 8 October 2020, building guarantee policyholders protected by the FSCS scheme will receive compensation at 100% of EWIC’s liability for claims.
Further details can be found on the FSCS website at fscs.org.uk/what-we-cover/insurance/
Suppliers
Please refer to the FAQs provided below in the Administration documents section.
If after consulting the FAQs you require any further information or assistance, please contact us at enquiries@east-west-insurance.com.
Media
All media enquiries are directed to contact ccarswell@uk.ey.com.
