Build-Zone have always said and maintained that everyone who buys Structural Warranties should only do so from A-Rated Insurers as it is a long-term insurance policy. We can offer a choice of A-rated Insurers and high capacity/limits are available.
Danish unrated insurer Alpha Insurance has gone into solvent liquidation. An announcement on the insurer’s website blamed CBL Insurance for the failure.
It stated: “Effective immediately, Alpha Insurance A/S has ceased all underwriting, including renewals.
“This decision is a direct consequence of CBL Insurance Limited, one of Alpha Insurance’s largest reinsurers, having had their AM Best A- rating suspended and has been placed into interim liquidation.”