Unrated Danish insurer Gefion Insurance must have liquid assets of at least €5m by the end of the year amid fears by the regulator that the company has “serious liquidity problems.”
Pukka Insure stopped writing new business with Gefion in July, replacing it with two A-rated carriers.
The Information Commissioner’s Office will be hoping that procedural bungles do not jeopardise its proposed audit and fines of Eldon Insurance and Leave EU, after its legal counsel was forced to admit standards had fallen “well below” expectations, Post can reveal.
For an industry that strives to understand and manage risk, uncertainty is not something that is relished. But with some market hardening, a final report from the Financial Conduct Authority on pricing practices and the possibility of Brexit all on the cards, it’s likely to set the mood for 2020
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Marking #InternationalDisabilityDay with some great personal stories highlighting the unique talents people with disability can bring to our business. Thank you to all our speakers Steven Dows, Emma Case, Marianne Waite, Paul Dockerty #futureisaccessible pic.twitter.com/7x4eWGtEWh— AXA UK (@AXAUK) December 3, 2019
- ICO procedural errors in handling Eldon/Leave EU investigation exposed
- Elite Insurance goes into administration
- Danish regulator demands action as it identifies ‘serious liquidity problems’ at Gefion
- Eldon and Leave EU take a ‘two-faced’ and ‘cavalier’ approach to compliance: ICO
- Blog: Aviva, ERS, ? … What Amanda Blanc did next
- Allianz appoints UK IT director
- ICO fines and enforcement action ‘significant and novel extension’ of regulatory powers: Eldon and Leave EU
The top 100 UK insurers have been on top of their game this year. Find out who ranks highest in the Top 100 UK insurers in Post’s 2019 countdown, produced in association with AM Best.
Post, in association with Tällt Ventures, indexes those that have the most potential to influence, change or disrupt the global market.
Speaking to brokers and insurers in the sector Post asked them about the cyber landscape, coverage available and risk management.
Michèle Bacchus spoke to brokers to find out their thoughts on regulation, their trade body and their opinion of the UK insurance market