Eunisure Limited enters liquidation

On 7 July 2022, Eunisure Limited entered liquidation with Roderick Graham Butcher of Butcher Woods appointed as liquidator.

Eunisure Limited is an FCA authorised retail insurance broker. The firm placed retail life protection business (such as term life insurance, whole of life insurance, critical illness insurance, and income protection insurance) with insurance providers on behalf of its clients.

Having considered the firm’s financial position, the directors concluded that the firm was insolvent, and Roderick Graham Butcher of Butcher Woods was appointed as the liquidator.

Should customers have any questions about the firm they should contact the liquidator for further information on the details below:

Website: www.butcher-woods.co.uk[1]
Email: [email protected]
Telephone: 0121 236 6001

If customers have any questions about their insurance policy, they should contact their insurer whose details will be on their insurance policy documents.

The firm continues to be authorised and regulated by the FCA.

Questions and answers

1. I have a policy I bought through Eunisure Limited. Is it still in force?

Your policy remains valid. If you have any questions about your policy, please contact your insurer. You can find the details of your insurer in your policy documents.

You can also contact the liquidator directly using the contact details above.

2. I am still paying for my policy, should I keep paying?

Existing policies remain in place and are subject to existing contractual Terms and Conditions (T&Cs). This means customers should continue to make payments as usual. However, the firm is no longer able to broker any new policies.

3. What should I do now?

Customers do not need to do anything. The liquidators will update customers as soon as possible, including about what happens next.

4. What is the FSCS, and will they cover any losses?

The Financial Services Compensation Scheme (‘FSCS’) protects consumers when financial services firms fail. It is the compensation scheme for customers of UK authorised financial services firms. It has eligibility criteria both in respect of the people and businesses who are covered. For general insurance intermediary firms, the cover is 100% for whole of life assurance, term life insurance and/or critical illness insurance and income protection insurance. Please see the FSCS website[2] for further information.

The liquidator will work with the FSCS to determine the position and will provide further updates.

5. Is the FCA overseeing the firm’s liquidation?

Eunisure Limited is still authorised and regulated by the FCA and remains subject to supervisory oversight and the FCA’s rules. The liquidator, Butcher Woods, is authorised to act as a licensed insolvency practitioner by the Insolvency Practitioners Association. We are liaising with the liquidator.

6. Being alert to scams

All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from Eunisure Limited or Butcher Woods please end the call and ring them back using the liquidator’s number above.

First published: 11/07/2022 Last updated: 11/07/2022