Official statement taken from MCE Insurance website:
MCE Insurance Limited (the Company) has been placed into administration by its directors.
Steven Edwards, Vincent Green and Mark Holborow of Crowe U.K. LLP were appointed joint administrators on 17 July 2023 (the Joint Administrators).
The Company is an insurance broker based in Northamptonshire, specialising in motorbike and car insurance, and brokering and managing policies which are underwritten by Sabre Insurance Group (Sabre). The Company is authorised and supervised by the Financial Conduct Authority (FCA).
The Company will not be writing any new policies. The Joint Administrators are working closely with Sabre to find a resolution that minimises any disruption to existing policyholders and ensures they are treated fairly.
All customers’ existing policies remain in place, they will continue to have cover and are not impacted by the appointment of the Joint Administrators. There is, therefore no action customers need to take. Sabre is not affected by this administration and will continue to meet valid claims made under existing policies.
Customers who pay for their policies monthly must continue to pay any premiums which are due in order to maintain cover. Failure to keep up payments for insurance may result in the policy being cancelled.
The Company's portal system is currently being maintained as normal. Customers requiring any urgent assistance with their existing policies should continue to make use of these services. However, there is no need for customers to take any action in relation to their policies or to contact the Joint Administrators as a result of their appointment.
Customers and creditors of the Company will be contacted by the Joint Administrators with further information as and when it becomes relevant.
Correspondence in relation to the administration and for the attention of the Joint Administrators should be sent to the administration email address at Crowe.MCE@crowe.co.uk or, alternatively, by post to Crowe U.K. LLP, 4 Mount Ephraim Road, Tunbridge Wells, Kent, TN1 1EE.
For the avoidance of doubt, the Company is a separate entity to MCE Insurance Company Limited (now Green Realisations 123 Limited), a Gibraltar based insurance company which entered administration in November 2021.
Steven Edwards, Vincent Green and Mark Holborow are licensed to act as Insolvency Practitioners by the Insolvency Practitioners Association under licence numbers 26090, 9416 and 22834 respectively. The Joint Administrators act as agents of the Company without personal liability.