Alpha Insurance A/S, a Danish insurer that operated across multiple European markets including the UK, was declared bankrupt by a Danish court in May 2018. For UK policyholders who held policies with the company, the collapse left many with unresolved claims and significant uncertainty about their financial position.
The company operated in the UK under an EEA regulatory passport, carrying the FCA reference number FRN 431621, and was supervised in its home country by the Danish Financial Supervisory Authority. When the bankruptcy proceedings began in Denmark, the firm’s ability to meet UK policyholder claims became severely compromised.
The company’s EEA passport was formally cancelled on 31 December 2020, the date on which all EEA firm passports were removed from the FCA register following the UK’s departure from the European Union. This marked the definitive end of the firm’s permission to write new business in the UK, though obligations to existing policyholders remained.
If you held a policy with Alpha Insurance A/S and have an outstanding claim or unresolved matter, it is important to understand the options available under both the UK compensation framework and the ongoing Danish bankruptcy process. The rules around EEA firm failures and UK policyholder rights are complex, and obtaining professional negligence advice can make a significant difference.
Our team can review your specific situation and advise on the best steps to take. All initial reviews are free and confidential. Contact us to discuss your position.
If you held money with Alpha Insurance A/S or were advised to invest or transfer your pension to them, please book a free consultation with our team.
We do all the investigative work for you. If your claim is not successful, you will not pay a penny. Call us during office hours or email hello@claimmyloss.co.uk
