East West Insurance Company Limited – In Administration

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 here: FAQ or from the EY website: www.ey.com/en_uk/eastwestinsurance

If after consulting the FAQs you require any further information or assistance, please contact us at enquiries@east-west-insurance.com or 0333 4000 393.

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 www.fscs.org.uk/what-we-cover/insurance/

Suppliers

Please refer to the FAQs provided here: FAQ or from the EY website: www.ey.com/en_uk/eastwestinsurance

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 the Company 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

Administration Documents

  • Joint Administrators’ Statement of Proposals – 3 December 2020 (download)
  • Formal notice of deemed consent of Joint Administrators’ proposals – 3 December 2020 (download)
  • Joint Administrators’ fee estimate and details of expenses – 3 December 2020 (download)
  • Invitation to form a creditors’ committee – 3 December 2020 (download)
  • Creditors’ notice of claim – 3 December 2020 (download)
  • Creditors’ proof of debt form – 3 December 2020(download)
  • Letter to all known creditors re Administration proposals – 26 November 2020 (download)
  • Notification of Joint Administrators’ appointment – policyholders and claimants (download)
  • Notification of Joint Administrators’ appointment – housing associations (download)
  • Notification of Joint Administrators’ appointment – employers’ liability policyholders (download)
  • Notification of Joint Administrators’ appointment – LMX policyholders and claimants (download)
  • Notification of Joint Administrators’ appointment – non insurance creditors (download)

Regulatory Information

Contact

enquiries@east-west-insurance.com