Payment of agreed claims for FSCS eligible claimants

The Administrators are pleased to announce that following ongoing liaison with the FSCS, the payment of agreed claims for FSCS eligible claimants commenced from the start of February 2020. To date, the FSCS have paid c. 100 claims totalling £5.6m.

This represents a significant milestone in the Elite administration. We continue to work closely with Armour, as run-off agent and the FSCS to ensure protected claims are agreed and processed as quickly as possible.

For further information on the administration, please see the administrators’ dedicated Elite information page at https://www.pwc.co.uk/elite-insurance. For more information on how FSCS is helping UK customers of Elite please see: https://www.fscs.org.uk/failed-firms/elite/ .