FSCS declared MCE Insurance Company Limited has failed

The Financial Services Compensation Scheme has declared that MCE Insurance Company Limited has failed.

The company who are based in Gibraltar sold motorbike, private car, van, and commercial vehicle insurance products in the UK through broker MCE Insurance.

Last week MEC had been put into a run-off following difficulties.

The company ceased writing new insurance on 5 November 2021 and predominantly wrote motorbike insurance and car insurance policies, specifically for UK customers.

Existing insurance policies remain in force and are valid. If you are a policyholder of the company, then your policy will continue to be administered by the UK broker MCE UK.