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Press Release – Qudos Insurance 06.12.2018

**UPDATE 4.50pm 06.12.2018**

***PRESS RELEASE****

In light of recent developments and following the Liquidation of Danish Insurer Qudos.

We have removed all exposure to Qudos for our policyholders with effect from 6th December 2018.

WE HAVE SUCCESSFULLY NEGOTIATED WITH PATRONA WHO HAVE MOVED THE ‘QUDOS’ VAN ACCOUNT TO RSA INSURANCE FROM 6th DECEMBER 2018.

ALL OTHER MBC INSURANCE POLICIES WITH ANY EXPOSURE TO QUDOS HAVE BEEN TAKEN OVER BY GEFION INSURANCE COMPANY FROM 5th DECEMBER ALSO.

All existing Patrona van clients will receive a new RSA certificate and disc, updated documents, dated from 6th December 2018 until their respective renewal date. The exact same cover, terms and conditions, as per the policy being replaced. There is nothing to do on the customer side and their is no cost to our clients.

Further updates will be provided in the coming days.

Denis A. Collins

Managing Director

MBC Insurance