News release

Balva Insurance claims handling update November 2013

The SRA has been advised that the Latvian Liquidator of Balva has now appointed Caytons Law to manage claims on behalf of Balva.

With immediate effect, any Balva claims enquiries and notifications, and any other correspondence in relation to Balva Solicitors' Policies, should be made to Caytons Law using the following contact details:

85 Gracechurch Street
0207 398 7600

On 17 June, the Financial and Capital Market Commission (FCMC) withdrew all operating licences issued to Balva and a liquidator was appointed to commence winding-up proceedings. Prior to this, Balva's licence to write new business in the UK was suspended on 16 April.

The SRA's current understanding is that the liquidator is preparing a report for submission to the FCMC and that Balva remains solvent.

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