Monday 15 January, 2018

Financial Failure of Bura Snow Ltd

It is with sadness that we have heard of the liquidation of Bura Snow on 11 December 2017.

MPI arranged Public Liability insurances for Bura Snow. This insurance, however, does not provide any form a consumer protection for deposits in the event a company going into liquidation.

There is a clause in their terms and conditions which seems to suggest that MPI Brokers arranged a Bond or Financial Failure insurance for the company. This clause is unfortunately misleading as it seems to suggest that their Public Lability protects customers should company go in to liquidation.

This is incorrect and we suggest you make contact with the company or their receivers.

Anyone who had taken out MPI’s Ski Travel Insurance may have a claim under section 8 of our Policy.

MPI - E.&E.O - 12/12/17

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