MCE Insurance Company has entered administration, accor…

It’s a new and developing story, but a recent press release from the FCA has announced that MCE, a well-known UK motorcycle insurance company, has entered administration. 

On the 19th of November 2021, it appears that MCE Insurance Company filed an application for administration to the Supreme Court of Gibraltar, where they are authorised and regulated by the Gibraltar Financial Services Commission (GFSC) to operate in the UK. 

There are two ‘MCE’ companies here: ‘MCE Insurance Ltd’, who are the UK-based broker responsible for setting up insurance policies on a ‘freedom of service basis’, and ‘MCE Insurance Company Limited’, who is the insurance firm located in Gibraltar who underwrites the policies.

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