LAMP is an insurance firm authorised and regulated by the Gibraltar Financial Services Commission (GFSC). It operates in the UK on a freedom of services basis which means that some customers, based in the UK, may have a policy with the firm.
LAMP has submitted an application to the Supreme Court of Gibraltar to appoint the Official Receiver and place LAMP into liquidation. The hearing date is set for 31 May 2019.
As lead regulator, GFSC has confirmed insurance policies are still valid, but any claims arising under these policies will not be paid at this time. Further details can be found on the GFSC website[1] and the Financial Services Compensation Scheme website[2].
Policyholders wishing to discuss the matter further should contact their broker in the first instance.