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ANNOUNCEMENT ENTERPRISE INSURANCE PLC

08 October 2016

Launch of Midas Performance and Classic Car vis Mulsanne Insurance

Enterprise’s provisional liquidator, Freddie White of Grant Thornton has confirmed that he expects to cancel all Enterprise policies on the 26th October 2016.

This means that effective 26th October 2016 it will no longer be legal to drive under an Enterprise Insurance motor policy.

The FSCS have also confirmed that from same date they intend to cease providing protection for liabilities incurred under any Enterprise Insurance Policy.

Both parties have therefore advised that policyholders should seek alternative cover prior to the 26th October 2016 deadline.

 

NEXT STEPS

Midas have now completed the re-development of the Performance and Classic car product via the below software platforms:

 

Software HouseCommencement of Activation Procedures
 CDLSystem Activations commencing 12th October 2016
TGSL TransactorSystem Activations commencing 12th October 2016
SSPSystem Activations commencing 12th October 2016
Open GISystem Activations commencing 18th October 2016

 

A member of our product activation team will be in contact with you in line with the above dates to assist with the product activation for New Business and provide a procedure to facilitate the issue of a new Mulsanne policy.

 

FSCS Return Premium Claims:

We are currently in discussions with the FSCS to provide an accelerated framework for the payment of Return Premium claims to the affected policyholders. Midas will assist in this process.

We hope to provide an announcement by Wednesday 12th October 2016 detailing this process.

 

ABOUT MULSANNE INSURANCE

http://www.mulsanneinsurance.com/

Mulsanne Insurance Company Limited was established in 2010. The business specialises in the high premium sector of the UK motor insurance market. Mulsanne policies are generated through a selected number of reputable and successful UK intermediaries.

Mulsanne Insurance Company Limited is authorised by the Gibraltar Financial Services Commission, Incorporation number 101673. Registered office: PO Box 1338, First Floor Grand Ocean Plaza, Ocean Village, Gibraltar. They are also on the Financial Services Register number 531134  www.fca.org.uk/register.