York-based firm looks to restructure creditors and secure new equity funding

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Credit card and ID theft insurer CPP is seeking a buyer or a £9m injection of new equity from interested investors.

The York-based firm has suffered a torrid few years since being fined by the FCA for mis-selling.

CPP was hit with a £10.5m fine in November 2012 after giving customers unclear or misleading information that led them to buy products they didn’t need.

If CPP raises new equity, an agreement can be reached with the creditors. Also, with new equity, CPP will transfer from the London Stock Exchange to AIM.

 

 

 

 

 

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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