Alpha Insurance A/S
Alpha Insurance A/S was a Danish insurance company that operated in the United Kingdom through an EEA regulatory passport, authorised by the Financial Conduct Authority with reference number FRN 431621. The firm was based at Harbour House, Sundkrogsgade 21, Copenhagen, and was regulated in Denmark by the Danish Financial Supervisory Authority.
In May 2018, Alpha Insurance A/S was declared bankrupt by a Danish court, making it one of the largest insurance insolvencies in Scandinavia in recent years. The firm had written policies across a number of European markets, including the United Kingdom, where many policyholders were left with outstanding claims against an insolvent estate.
Alpha Insurance A/S’s EEA passport, which allowed it to write business in the UK, was formally cancelled on 31 December 2020 as part of the post-Brexit removal of EEA firm passports. Former UK policyholders who had claims against Alpha Insurance are advised to seek specialist advice on the options available under both the UK regulatory framework and the Danish bankruptcy estate process.
Issues / Why You May Have a Claim
UK policyholders of Alpha Insurance A/S who have unresolved insurance claims arising from the firm’s bankruptcy may have options available to them, depending on the nature of the policy and when the claim arose. Insurance policyholders in the UK who dealt with FCA-registered EEA firms may have access to UK-based remedies. Our team can review your specific circumstances and advise on the available routes.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 08 May 2018 | Declared in default by the FSCS | FSCS |
| 25 Oct 2018 | FSCS update: Please note that customers must notify Alpha of any claim by 8 November, 2018 for these to be covered by the Danish Guar… | FSCS |
| 20 Nov 2018 | FSCS update: The Alpha Liquidator has recently sent out letters to all UK customers of Alpha insurance who submitted a premium refund… | FSCS |
| 21 Nov 2018 | FSCS update: FSCS is working with CRL Management, the Alpha Liquidator and the Danish Guarantee Fund to replace cover for Alpha polic… | FSCS |
| 30 Jan 2019 | FSCS update: Following our update on 21 November, CRL Management has recently identified a potential replacement insurer | FSCS |
| 07 Mar 2019 | FSCS update: FSCS is still working with CRL Management towards finding a new provider for Alpha latent defect/structural damage polic… | FSCS |
| 01 Apr 2019 | FSCS update: The Financial Services Compensation Scheme (FSCS) has given CRL Management a further two weeks to find an alternative in… | FSCS |
| 15 Apr 2019 | FSCS update: The Financial Services Compensation Scheme (FSCS) has further extended the deadline for CRL Management to find an altern… | FSCS |
| 30 Apr 2019 | FSCS update: The Financial Services Compensation Scheme (FSCS) has further extended the deadline for CRL Management to find an altern… | FSCS |
| 23 May 2019 | FSCS update: The deadline has passed and we're reviewing the latest submission from BCR regarding their progress with securing a new … | FSCS |
| 28 May 2019 | FSCS update: FSCS is in the process of issuing premium refund payments totalling £6.9m to 9,000 commercial taxi policyholders insured… | FSCS |
| 10 Jun 2019 | FSCS update: Following our update on 23 May, CRL Management has recently identified a new alternative insurer to FSCS | FSCS |
| 02 Jul 2019 | FSCS update: FSCS, CRL and BCR are continuing to work on a successful transfer of Alpha’s latent defect policies to a new insurer, an… | FSCS |
| 08 Jul 2019 | FSCS update: Although we’d hoped to make a more comprehensive announcement today, work to finalise the agreement for the latent defec… | FSCS |
| 12 Jul 2019 | FSCS update: Since May 2018, FSCS has been working with CRL Management (an appointed representative of BCR Legal Group Ltd), BCR Lega… | FSCS |
| 19 Jul 2019 | FSCS update: FSCS is able to confirm that a deal to secure replacement cover for Alpha Insurance’s Latent Defect policyholders has no… | FSCS |
| 24 Jul 2019 | FSCS update: FSCS is looking forward to concluding the process of securing replacement cover for Alpha latent defect policies | FSCS |
| 01 Aug 2019 | FSCS update: The deal to secure replacement cover for Alpha Insurance’s latent defect policyholders remains agreed in principle and s… | FSCS |
| 19 Aug 2019 | FSCS update: FSCS will compensate Alpha Insurance latent defect premium insurance policyholders | FSCS |
| 11 Sep 2019 | FSCS update: If you are an Alpha Insurance Latent Defect policyholder and believe you are due a premium refund, but haven’t received … | FSCS |
| 12 Sep 2019 | FSCS update: CRL Management Ltd ("CRL") was an appointed representative of BCR Legal Group Ltd (“BCR”) who operated under authority f… | FSCS |
| 15 Nov 2019 | FSCS update: We are aware that many Alpha latent defect policyholders have still not received a premium refund from FSCS | FSCS |
| 31 Dec 2020 | FCA status recorded as: No longer authorised | FCA Register |
| 24 May 2023 | FSCS update: We are now aware that a small number of customers are owed an additional return of premium amount | FSCS |
Review page sources: FCA Register (FRN 431621) · Companies House (02915929) · FSCS. Public records, provided for transparency.
