Alpha Insurance - FSCS to refund £6.9m to 9,000 taxi policyholders

FSCS-to-refund-£6,900,000-to-commercial-taxi-policyholders-of-Alpha

28 May 2019 – Official statement from the Financial Services Compensation Scheme for Alpha Insurance policyholders:

The FCS is in the process of issuing premium refund payments totalling £6.9m to 9,000 commercial taxi policyholders insured by Alpha Insurance and sold through the Alpha MGA broker, Capital Underwriting Agency Ltd (CUAL).

If you were an Alpha commercial taxi policyholder and have not received a cheque payment inside the next 21 days, please contact us.

If you've received a cheque but you think the amount is incorrect, you'll need to contact the broker from whom you purchased your Alpha policy. These premium refund payments have been based on information provided by Alpha’s brokers and verified by the Alpha liquidator. Any issues concerning the premium refund payment you've received will need to be raised with your broker in the first instance.