Closing Gibraltarian underwriter warns of SII pressures
The chairman of Gibraltarian underwriter Service Insurance Company said UK motor market pressures and the looming Solvency II deadline in 2016 led to the firm deciding it was not "economically sensible" to continue operating.
The business announced today (24 March) that it would cease to write new business as part of a planned reorganisation of the company involving a number of linked businesses.
Chairman Ipe Jacob told Po
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