Three insurance firms on FSCS insolvency list

UK sterling twenties

List includes payment protection specialist British Insurance which was bought by Towergate in 2008, but stopped trading in 2011.

The Financial Services Compensation Scheme (FSCS) has revealed that three insurance-related firms have been declared in default between 1 February and 30 April 2019.

The three companies are: Hampshire-based Choices Insurance Limited, British Insurance Limited in Essex and Lancashire-headquartered Greg Smith Financial & Insurance Services.

Payment protection specialist British Insurance was sold to Towergate in 2008. However, according to the Financial Conduct Authority register British

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