CV
Charmaine V
1 reviews | Active since May 2022
26 Nov 2022, 11:36
Trusted and Respect
Absolutely fantastic gap provider - assisted the clients in paying claims during a difficult time due to the Constantia liquidation. Thank you Ambledown for caring about your members.
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Replies (1)
Ambledown's replyOfficial
22 Mar 2024, 15:09Dear Charmaine P
Thank you for the positive feedback on the claim payments, it is much appreciated. It has been a difficult period, but we trust that the end is near.
Following the sudden shocking developments of the curatorship and subsequently the liquidation of Constantia Insurance Company Limited, Ambledown took a business decision to pay the Constantia claims since August 2022 out of goodwill as commitment to its members and not an admission of liability.
Millions of Rands in settlements have been paid to date. These are privately raised funds that will most likely never be recovered, and therefore an extraordinary sacrifice to Ambledown. Funding the various tranches became extremely difficult over time, due to the significant payouts to date.
Constantia remained the underwriter on the policies until 31 August 2022 and new independent policy contracts with Guardrisk Insurance Company Limited became, effective 01 September 2022. Movement of members to Guardrisk was not automatic, there was a consent required to move each policy.
Though Guardrisk allowed membership to continue without imposing new waiting periods, Constantia’s premiums, and liabilities (claims) are not transferred over to the Guardrisk. Ambledown's decision to pay claims is also not binding to Guardrisk.
The liquidation process is still underway with no indication, when the process will be wrapped up. We plead that members (with outstanding accounts) settle the charges with the providers to avoid bad credit.
Members may claim directly with Constantia’s liquidators in accordance with the Insolvency Act of 1936, process is outlined in the link https://www.constantiagroup.co.za/.
We remain hopeful that there will be a positive settlement for all members.
Thank you for your continued support.
Yours Sincerely
Paul Makwea
***
Thank you for the positive feedback on the claim payments, it is much appreciated. It has been a difficult period, but we trust that the end is near.
Following the sudden shocking developments of the curatorship and subsequently the liquidation of Constantia Insurance Company Limited, Ambledown took a business decision to pay the Constantia claims since August 2022 out of goodwill as commitment to its members and not an admission of liability.
Millions of Rands in settlements have been paid to date. These are privately raised funds that will most likely never be recovered, and therefore an extraordinary sacrifice to Ambledown. Funding the various tranches became extremely difficult over time, due to the significant payouts to date.
Constantia remained the underwriter on the policies until 31 August 2022 and new independent policy contracts with Guardrisk Insurance Company Limited became, effective 01 September 2022. Movement of members to Guardrisk was not automatic, there was a consent required to move each policy.
Though Guardrisk allowed membership to continue without imposing new waiting periods, Constantia’s premiums, and liabilities (claims) are not transferred over to the Guardrisk. Ambledown's decision to pay claims is also not binding to Guardrisk.
The liquidation process is still underway with no indication, when the process will be wrapped up. We plead that members (with outstanding accounts) settle the charges with the providers to avoid bad credit.
Members may claim directly with Constantia’s liquidators in accordance with the Insolvency Act of 1936, process is outlined in the link https://www.constantiagroup.co.za/.
We remain hopeful that there will be a positive settlement for all members.
Thank you for your continued support.
Yours Sincerely
Paul Makwea
***
Best regards,
Ambledown's reply22 Mar 2024, 15:09
Official
Dear Charmaine P
Thank you for the positive feedback on the claim payments, it is much appreciated. It has been a difficult period, but we trust that the end is near.
Following the sudden shocking developments of the curatorship and subsequently the liquidation of Constantia Insurance Company Limited, Ambledown took a business decision to pay the Constantia claims since August 2022 out of goodwill as commitment to its members and not an admission of liability.
Millions of Rands in settlements have been paid to date. These are privately raised funds that will most likely never be recovered, and therefore an extraordinary sacrifice to Ambledown. Funding the various tranches became extremely difficult over time, due to the significant payouts to date.
Constantia remained the underwriter on the policies until 31 August 2022 and new independent policy contracts with Guardrisk Insurance Company Limited became, effective 01 September 2022. Movement of members to Guardrisk was not automatic, there was a consent required to move each policy.
Though Guardrisk allowed membership to continue without imposing new waiting periods, Constantia’s premiums, and liabilities (claims) are not transferred over to the Guardrisk. Ambledown's decision to pay claims is also not binding to Guardrisk.
The liquidation process is still underway with no indication, when the process will be wrapped up. We plead that members (with outstanding accounts) settle the charges with the providers to avoid bad credit.
Members may claim directly with Constantia’s liquidators in accordance with the Insolvency Act of 1936, process is outlined in the link https://www.constantiagroup.co.za/.
We remain hopeful that there will be a positive settlement for all members.
Thank you for your continued support.
Yours Sincerely
Paul Makwea
***
Thank you for the positive feedback on the claim payments, it is much appreciated. It has been a difficult period, but we trust that the end is near.
Following the sudden shocking developments of the curatorship and subsequently the liquidation of Constantia Insurance Company Limited, Ambledown took a business decision to pay the Constantia claims since August 2022 out of goodwill as commitment to its members and not an admission of liability.
Millions of Rands in settlements have been paid to date. These are privately raised funds that will most likely never be recovered, and therefore an extraordinary sacrifice to Ambledown. Funding the various tranches became extremely difficult over time, due to the significant payouts to date.
Constantia remained the underwriter on the policies until 31 August 2022 and new independent policy contracts with Guardrisk Insurance Company Limited became, effective 01 September 2022. Movement of members to Guardrisk was not automatic, there was a consent required to move each policy.
Though Guardrisk allowed membership to continue without imposing new waiting periods, Constantia’s premiums, and liabilities (claims) are not transferred over to the Guardrisk. Ambledown's decision to pay claims is also not binding to Guardrisk.
The liquidation process is still underway with no indication, when the process will be wrapped up. We plead that members (with outstanding accounts) settle the charges with the providers to avoid bad credit.
Members may claim directly with Constantia’s liquidators in accordance with the Insolvency Act of 1936, process is outlined in the link https://www.constantiagroup.co.za/.
We remain hopeful that there will be a positive settlement for all members.
Thank you for your continued support.
Yours Sincerely
Paul Makwea
***
Best regards,