FSCS in-default register

The Exchange Insurance Company Limited

Declared in default6 October 2010FRN 413901

What this means for you

Because The Exchange Insurance Company Limited has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

The Exchange Insurance Company Limited (FRN 413901) has been declared in default by the FSCS as of 6 October 2010. The firm provided insurance products to customers. Eligible policyholders may claim compensation of up to 90% of their claim with no upper limit under FSCS protection rules for insurance intermediaries and providers.

Products this firm wrote

--

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.