Context
Verex Insurance Services Limited (Verex) is an insurance broker that sold motor insurance products from a range of insurers. The Directors of the company applied to place the firm in administration. One of Verex’s Appointed Representatives, Verex Assistance Limited, also entered administration on 18 August 2023.
Key points to note
- Policies purchased through Verex are not affected. Car Care Plan Limited have acquired the assets of Verex Insurance Services Ltd and Verex Assistance Ltd, which means they will take over the services previously provided by Verex.
Next actions
None – for information and awareness.