Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 2 December 2024 to Question 16634 on high rise building remediation taken on by the FSCS, how much and what proportion of the costs covered by East West Insurance Company policies relate to policies originally written by Zurich Insurance.

The Joint Administrators of East West Insurance Company (EWIC) published a report in 2021 that confirmed that all of EWIC’s building guarantee and warranty policies originated with Zurich Insurance. As disclosed previously, the best estimate for the costs to resolve building remediation work covered by EWIC policies is approximately £335m.