Premiums collected by Carlisle broker Pattinson Edwards, which went bust at the end of last month, are safe in a trust banking account, a creditors' meeting was told.
The main insurance creditors of the company are Axa, Norwich Union, Royal & Sunalliance and Zurich. Of these, only Axa stands to lose any money as it had £10,000 in a small claims account with the broker.
The biggest loser is the Royal Bank of Scotland which was a debenture holder and stands to lose £279,363.
Assets of the company listed at £347,785 are expected to realise £15,072. Preferential creditors are owed £40,570, with the overall deficiency being £653,483.
Pattinson Edwards was established in 1972 and until recently was thought to control a premium income of around £5m.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
