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Evelyn Partners has been appointed as the administrator of life insurance broker Dead Happy on Monday (24 June).
Adam Stephens and Kevin Ley from the firm will be overseeing the administration process.
Dead Happy was founded in 2013 with the aim of providing more personal, tailored and flexible life insurance than the ‘one-size fits all’ products otherwise available to consumers.
The company grew to revenues of £2.5m by 2023, with more than 25,000 active customer policies.
Stephens and Ley are currently working with the underwriting insurers to ensure that all customer policies transfer back to the insurers with minimal interruption to customers.
As part of this process, the business will continue to trade on a limited basis, with certain employees kept on to assist the administrators with their work.
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.”
He added: “We thank Dead Happy management for their support in this process and look forward to concluding the process with a positive outcome.”
