CX Reinsurance Company Limited

CX Reinsurance Company Limited (In Administration) (“CX Re” or “the Company”)

On 17 August 2020 the Company entered administration and Simon Edel and Richard Barker of Ernst & Young LLP were appointed as Joint Administrators.  The appointment was made by an application to the High Court under the provisions of paragraph 12(1) (b) of Schedule B1 to the Insolvency Act 1986.

In the interests of creditors and having considered all options to conclude the run-off, the directors resolved to place the Company in administration due to its financial position.

The Administration of the Company does not terminate or cancel a current policyholder’s contract of insurance (unless specifically stated in their policy). Valid claims should continue to be submitted through the normal route.

The Joint Administrators will issue formal notice of their appointment to all known policyholders in due course, and will issue a creditors report to all known creditors within eight weeks of appointment, and every six months thereafter.

Should you have any questions or require further information please do not hesitate to contact the Joint Administrators via email at CXRe@uk.ey.com.

CX Re is authorised by the Prudential Regulation Authority as a non-life insurance company and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) (together “Regulators”).  It was established in December 1972 as Continental Casualty Company Limited and changed to CX Re in October 2002.
Richard Barker and Simon Edel are licensed in the United Kingdom to act as insolvency practitioners by The Insolvency Practitioners Association.
The affairs, business and property of CX Reinsurance Company Limited (In Administration) (“the Company” or “CX Re”) are being managed by the Joint Administrators, Richard Barker and Simon Edel, who act as agents of the Company only and without personal liability.
The Joint Administrators may act as data controllers of personal data as defined by the General Data Protection Regulation 2016/679, depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Company may act as a data processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrator’s appointment.  The Office Holder Data Privacy Notice can be found at www.ey.com/uk/officeholderprivacy.