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PERFORMANCE & CLASSIC CAR - UPDATE

01 October 2016

Urgent Update Enterprise Insurance PLC

On 29 September 2016 Enterprise’s provisional liquidator, Freddie White of Grant Thornton has confirmed that he intends to cancel all Enterprise motor insurance policies with an effective termination on 26th October 2016

This means that effective 26th October 2016 Enterprise policies are void and policyholders have to arrange a valid motor insurance policy.

The FSCS have confirmed that from 26 October 2016 they intend to cease providing protection for liabilities incurred under any Enterprise Insurance Policy.

The provisional liquidator and the FSCS have therefore urged policyholders to seek alternative cover prior to 26th October 2016 deadline.

Further Information.

Next Steps

Midas Underwriting is finalising the development of our new motor products with Mulsanne Insurance.

We will provide guidance on the issue of a Mulsanne policy to the policyholders by next Friday 7th October 2016.