Context
Eunisure Limited is an authorised retail insurance broker which entered liquidation on 7thJuly 2022, with Roderick Graham Butcher of Butcher Woods appointed as liquidator.
Key points to note
- The firm placed retail life protection business (term life insurance, whole life insurance, critical illness insurance and income protection insurance) with insurance providers on behalf of its clients.
- Having considered the firm’s financial position, the directors concluded that the firm was insolvent. This is perhaps surprising considering that the 31st October year end accounts were signed off at the end of March 2022 indicating that the business was a going concern.
- Shortly after the year-end there was a complete change in the Directors.
- If customers have any questions about their insurance policy, they should contact their insurer whose details will be on their insurance policy documents.
- The firm continues to be authorised and regulated by the FCA, and has not yet been declared in default by the FSCS.
- The firm had a mixed result of cases with the FOS and if customers allege that they were mis sold policies then any redress for this may need to be picked up by the FSCS if the firm has insufficient assets.
Next actions
None – for information and awareness.