FSCS in-default register

Lemma Europe Insurance Co Ltd

Declared in default19 October 2012

What this means for you

Because Lemma Europe Insurance Co Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Indicative FSCS compensation limit for this firm's products: up to £85,000 per eligible claim (90% of liability with no cap on protected insurance, including ATE).

Background

Gibraltar-based insurer that wrote substantial After-the-Event (ATE) cover for UK litigation funding before insolvency in October 2012. FSCS pays up to 90 percent of liability with no upper cap on protected insurance contracts.

Products this firm wrote

After-the-Event insuranceGeneral insurance

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.