Insurance Post

Millburn unable to pay claims after entering administration

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Millburn Insurance Company has become the first UK regulated insurance firm to enter administration since 2009, three months after it stopped writing new business following a review by the Prudential Regulation Authority.

Insurance policies issued by the firm currently remain valid but, while the company's financial position is being assessed, it is unable to pay out on any claims.

Neil Mather and Christopher Morris of

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