Build-Zone urge Alpha Insurance A/S policyholders or those who think they will have their buildings
Alpha fell into trouble after its reinsurance partner CBL Insurance Limited suffered its own solvency problems. The Danish compensation fund for failed insurers will help pay Alpha claims, however, the Guarantee Fund will only cover claims for Alpha which were filed just before the bankruptcy, and until four weeks after (5 June 2018). Existing Structural Warranty policyholders with Alpha may have some protection under the FSCS – but only in specific cases and then only for 90% of the claim.
And it is not just Structural Warranty policyholders. As reported by the BBC, the news of Alpha