CRL close to finding replacement for Alpha policies
Broker has had its deadline extended several times, but FSCS says "good progress" has been made in recent days.
The Financial Services Compensation Scheme (FSCS) has stated that broker, CRL Management is set to reach a deal with an insurer to provide replacement cover for Alpha policies soon.
The broker, which is an appointed representative of BCR Legal Group, has previously had its deadline to secure replacement cover extended several times following the collapse of unrated Danish provider Alpha in May 2018.
FSCS explained it has been working with CRL since May last year to find cover for Alpha’s 10
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