MCE Insurance Company Limited
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Green Realisations 123 Limited (formerly MCE Insurance Company Limited) (In Administration)

ADMINISTRATION WEBSITE

On 19 November 2021, the Supreme Court of Gibraltar appointed Andrew Stoneman and Geoffrey Bouchier, both of Kroll, as Joint Administrators of Green Realisations 123 Limited (formerly MCE Insurance Company Limited) (“the Company”).

The Company was incorporated in December 2012 and specialises in motorbike and car insurance to customers based predominately in the UK. MCE Insurance Limited (“MCE UK”), which is based in the UK in Northamptonshire, brokered the business for the Company and provides various administration services, including claims management, to the Company. MCE UK is not in Administration.

The Joint Administrators will continue with the management of insurance claims arising from policies of insurance issued by the Company with the assistance of MCE UK – see below for further information.

The Joint Administrators are currently assessing the available assets of the Company and to what extent they will meet insurance claims. The Joint Administrators will update creditors in due course.

Insurance creditors may however be protected by the statutory compensation schemes of the country within which they are resident. In the United Kingdom, the Financial Services Compensation Scheme (“FSCS”) have declared the Company to be in default and will protect eligible United Kingdom policyholders. For further information, please visit the FSCS website at https://www.fscs.org.uk/. The Insurance Compensation Fund of Ireland may protect eligible policyholders resident in the Republic of Ireland and the Joint Administrators will be in contact with the relevant authority imminently to clarify the level of protection that may be afforded to them in this situation.

Updates from the Joint Administrators

The Joint Administrators will publish further updated notices on this website with additional details in respect of the management and settlement of insurance claims.

Correspondence for the attention of the Joint Administrators should be sent to the administration email address at [email protected] or, alternatively, by post at Kroll (Gibraltar) Limited, 3rd Floor Montarik House, Bedlam Court, Gibraltar, GX11 1AA.

Further notices from the Joint Administrators will be placed on this website.

Please note that there may be a slight delay in receiving a response to your correspondence.

Claims Management:

Claims arising from insurance policies issued by the Company continue to be handled by MCE UK.

MCE UK will continue to be the primary contact for insurance policy holders on behalf of the Company in Administration. Their contact details are shown above and below:

MCE UK and the Joint Administrators will liaise with the Financial Services Compensation Scheme in relation to eligible insurance claims and, in due course, other statutory compensation schemes of other countries as appropriate.

Please note that there may be a slight delay in receiving a response to your correspondence.

Policy Holder Renewals

With effect from 5 November 2021, MCE UK will no longer be placing new business and renewals with the Company. If you are an existing policyholder then your policy will continue to run as normal for the duration of your policy term, unless advised otherwise. Should you need to make a claim, make a change, access your documents or contact MCE UK about anything in relation to your policy, you will still be able to do this up until your renewal date.

The Joint Administrators understand that MCE UK is working closely with an alternative provider with the intention of being able to offer quotations for future insurances to existing customers. Please contact MCE UK the usual way; via Live Chat on the website (www.mceinsurance.com), email ([email protected]) or call the Customer Experience Team on +44 193 335 1361 for further information.

Relevant Materials and Orders can be viewed / downloaded from the links below:

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