On 20 April 2022, Corrie Bauckham Batts Limited entered liquidation. John Dean Cullen and Rachel Helen Lai of Menzies LLP were appointed as joint liquidators of Corrie Bauckham Batts Limited. 

Corrie Bauckham Batts Limited is an FCA authorised and regulated Lloyd’s wholesale insurance broker. The firm placed non-marine insurance business into the London Market on behalf of its clients.  

Having considered the firm’s financial position, the directors concluded that the firm is insolvent, and further to a shareholder vote, two insolvency practitioners from Menzies LLP were appointed as joint liquidators. 

Customers should contact the joint liquidators for further information on the firm. Their details are below: 

How do I get my money back?

The liquidators will carry out an assessment of the client money that is held by the firm to confirm the current position. Following the assessment, the liquidators will work to return as much client money to customers as possible, as quickly as possible.  

Renewals will generally not be processed. The liquidators will determine in due course how best to return the client money. 

The liquidators will write to all known creditors and provide further updates.

Do I have to pay to get my money back?

Costs associated with distributing client money back to customers, including the liquidators’ fees, will be deducted from the client money. Please see below regarding Financial Services Compensation Scheme (FSCS) coverage for these costs for eligible customers. 

What is the Financial Services Compensation Scheme (FSCS) and will they cover any losses?

The FSCS exists to protect customers when financial services firms fail. It is the compensation scheme for customers of UK authorised financial services firms. It has eligibility criteria both in respect of the people and businesses who are covered, you can see more information on what FSCS cover. 

For eligible customers, the FSCS will cover client money shortfalls including the costs associated with their distribution back to customers. For GII firms, such as Corrie Buckham Batts Limited, cover is 100% for some insurances, and 90% for all other types of insurance. You can read more about the FSCS and how to contact them. 

The liquidators will work with the FSCS to determine the position and will provide further updates. 

 

Do I need to use a claims management company?

No, you don’t need to use a claims management company (CMC) to make a claim.  It is free and simple to do it yourself.  It’s important to remember that CMCs will charge you a fee for their services, which may reduce what you get back.

If you are considering using a CMC to assist with the return of your assets, we suggest you first discuss this with the liquidators using the contact details provided on their website.  

Being alert to scams

All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from Corrie Bauckham Batts Limited or Menzies LLP please end the call and contact the liquidators directly using the details above.