OIC Run-off Limited

Reference number: 202288

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Authorised, but in a compromise arrangement

This firm has a formal arrangement with its creditors, which can limit what customers are able to recover from it. Check how it affects you before acting.

What the FCA says

ATTENTION - Firm in a compromise arrangement

This firm has entered into a statutory compromise arrangement with its creditors and/or shareholders. This means it has entered into an arrangement with its creditors and/or shareholders which has altered the rights and obligations of the parties. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. Firms enter into a compromise arrangement for various reasons, so if you are a customer check with the firm to determine whether the compromise arrangement affects you.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When oicrun-offltd.com first appeared online, and whether it can receive email
  • What kind of line 020 7583 5000 is, and the 4 other firms that give it
  • Who else gives the postcode SE1 2RT
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • The Orion Insurance Company Public Limited Company Former name

FCA permissions and consumer protection

  • Hold or safeguard your money FSCS may apply
    Eligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (3 permissions)
  • Accepting Deposits
  • Carrying out contracts of insurance
  • Dealing in investments as principal

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
00256100
Company status
Active
Company type
Private limited company
Incorporated
30 April 1931 (95 years old)
Registered office
8th Floor, Central Square, 29 Wellington Street, Leeds, West Yorkshire, LS1 4DL, United Kingdom
Nature of business
  • Non-life insurance (SIC 65120)

Directors and company secretaries

Name Role Born Appointed Other companies
Dan Yoram Schwarzmann Director Jul 1963 28 Nov 2001 6 other companies
Douglas Nigel Rackham Director Jun 1962 22 Aug 2022 1 other company
Dan Yoram Schwarzmann Secretary Not published 1 Sep 2002 6 other companies

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
6
closed down
3
is FCA-registered
1

In the full report: all 6 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
  • The 1 company these 2 directors run together
  • All 17 people who have ever been directors, with their dates
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Key dates in its history

OIC Run-off’s history from the FCA register and Companies House, newest first.

Key events (9) All events (36)

2016

6 April 2016

  • Nationale-Nederlanden Overseas Finance And Investment Company took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date
  • Regulated by the Prudential Regulation Authority from this date

FCA register

2001

1 December 2001

  • Regulated by the Financial Services Authority from this date
  • Became authorised by the FCA

FCA register

1998

29 March 1998

  • Changed its registered name from "The Orion Insurance Company Public Limited Company"

FCA register

1997

10 March 1997

  • Board replaced: both directors left and 2 new directors took over

Companies House

1931

30 April 1931

  • Incorporated at Companies House

Companies House

1901

1 January 1901

  • Supervised by HM Treasury under the money laundering rules from this date

FCA register

In the full report: all 36 events

  • All 36 events in its history (9 shown here)
  • Every director appointment and resignation: 24
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Firms connected to OIC Run-off

Other FCA-listed firms that share a director, phone number or address with OIC Run-off. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
4
share a director
1
share its phone number
4

In the full report: all 4 connected firms, named

  • How each is linked: shared directors (1), the same phone number (4), the same postcode (3)
  • Who links each one: the named directors, with dates
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Firms like OIC Run-off

Other firms of the same type (insurer), nearest first.

In London

Cx Reinsurance Company Limited.LondonAuthorisedUBS Asset Management Life LtdLondonAuthorisedNavigators Insurance CompanyLondonAuthorisedChubb European Group SELondonAuthorisedChubb Life Europe SELondonAuthorisedFederal Insurance CompanyLondonAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on OIC Run-off

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 6 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 36 events in its history
  • 4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is OIC Run-off Limited FCA authorised?
Yes, OIC Run-off Limited (FRN 202288) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since December 2001 and works as an insurer. The FCA has placed no limits on its permissions.
What is OIC Run-off’s phone number and website?
The FCA register lists the phone number 020 7583 5000 and the website oicrun-offltd.com/html/default.html for OIC Run-off. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 4 other FCA firms.
Is OIC Run-off a scam or clone?
OIC Run-off is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with OIC Run-off?
It may control client money but not hold it. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about OIC Run-off to the Financial Ombudsman Service, free of charge.
Who owns OIC Run-off?
OIC Run-off is owned by Nationale-Nederlanden Overseas Finance And Investment Company, which holds 75–100% of shares and 75–100% of votes, since 6 April 2016.
Who runs OIC Run-off?
Companies House lists 2 directors of OIC Run-off: Dan Yoram Schwarzmann and Douglas Nigel Rackham.
How long has OIC Run-off been in business?
The company was formed on 30 April 1931, and has held its current FCA authorisation since December 2001.
Does OIC Run-off use any other names?
It has previously used the name The Orion Insurance Company Public Limited Company.

Sources and links

The full report on OIC Run-off Limited

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