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Life insurance provider enters administration

Life insurance provider Dead Happy has entered administration, with Adam Stephens and Kevin Ley from Evelyn Partners appointed as administrators.

The business was founded in 2013 with the aim of providing a more personal, tailored and flexible life insurance product to consumers, with the company growing to a revenue of £2.5m with more than 25,000 active customer policies.  

 

The administrators have said it’s working with underwriting insurers to ensure all customer policies transfer back to the insurers with minimal interruption to customers. As part of this, the business will continue to trade on a limited basis with certain employees kept on to assist the administrators with their work.  


Evelyn Partners partner Adam Stephens said: “We are pleased to be able to assist with ensuring a continuity of insurance provision for all customers as the business is wound down. Evelyn Partners has been working with the Dead Happy management team and major stakeholders to enable a smooth transition for customers.”

TRI Strategy

 

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