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23/02/2012 - 10:15
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22/02/2012 - 09:54
Policyholders urged to check documents issued by Aston Midshires
Police are investigating motor broker Aston Midshires Insurance after reports that customers may not have had their motor insurance arranged as expected.
The FSA says Aston Midshires sold policies to customers but allegedly failed to properly register details and premiums.
The regulator also warned customers that Aston Midshires policies may be partnered with a collapsed Swedish insurer.
The FSA said: “The insurance policies sold by Aston Midshires may claim the underwriter is European Wood AB, a company authorised by the Swedish financial regulator, Finansinspektionen.
“A firm authorised in another European Economic Area (EEA) state can offer certain products or services in other EEA countries, such as the UK, if it has a ‘passport’ to do so.
“However, customers should be aware that European Wood AB is in liquidation and policies underwritten by them may no longer provide insurance cover as expected.
“We are continuing to work with the City of London Police to investigate this matter, and will provide further information as it becomes available.”
Action Claims & Mortgages Ltd, registered in England & Wales no 3839322. VAT Reg No. 741 2237 63 - Registered Address - Eden Point, Three Acres Lane, Cheadle Hulme, Cheshire, SK8 6RL.
Authorised & Regulated by the Financial Services Authority registration no 306011 recorded on website, www.fsa.gov.uk/register
Regulated by the Ministry of Justice in respect of regulated claims management activities, registration no CRM2517, recorded on website, www.claimsregulation.co.uk