Qudos Insurance A/S
Thu Dec 6 2018
As you are aware, Patrona Underwriting, which operates as a Managing General Agent (MGA) for Qudos Insurance A/S, notified Brokers last week that Qudos entered into solvent voluntary liquidation on 27 November 2018. Yesterday, Patrona communicated alternative insurance options to Brokers holding policies with Qudos Insurance.
Following notification from the Central Bank on 04 December 2018 regarding Qudos Insurance A/S, the CBOI strongly recommended that affected customers contact their Insurance Broker to arrange alternative insurance cover.
Brokers Ireland have outlined some general guidelines for members to consider if you have clients who are currently insured with Qudos:
Brokers Ireland will endeavour to assist members with any queries that you might have on this matter and is liaising with the Central Bank and appropriate authorities in making further enquiries regarding this situation. We will keep you updated on developments as they evolve.
Director of General Insurance