The chair of underwriting agency Iprism has vowed that it will never work with unrated capacity again having only just got its house in order after the collapse of former partner Gable in 2016.
Managing general agents are facing a capacity crunch and the 'decile 10' initiative by Lloyd's to remove underperforming business is increasing pressure, explains Chris Hardcastle, managing director of Capsicum Delegated Authority.
This week we unveiled the long-awaited shortlist for the British Insurance Awards.
Barbican Specialty Re and broker Howden are the latest companies to become embroiled in the fallout of Gable.
More than 60,000 UK policyholders had business with Gable at the time of its collapse, and the UK guarantee scheme has to date paid almost £27m in compensation.
Insurers will face a £56m Financial Services Compensation Scheme levy hike in 2018/19.
Gable’s creditors now have an extra year to register their claims.
Managing general agents are popping up all over the place but capacity is coming under pressure. Chris Hardcastle, managing director of Capsicum Delegated Authority, asks if there is enough capacity to go round.
I am most definitely a planner. Being organised usually tops my list of attributes in appraisals and most of my life as a busy working mum is run by lists. In fact the holiday I'm just about to fly off to has been two years in the planning.
Premiums worth £8.3m have been returned to former policyholders of Gable Insurance through the Financial Services Compensation Scheme.
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
The Financial Services Compensation Scheme’s compensation costs totalled £375m in 2016/17 in response to almost 37,000 claims.
Post journalists have been recognised for their outstanding work in three categories at the British Insurance Brokers' Association Awards 2017.
Brokers are becoming increasingly frustrated with the Financial Conduct Authority, citing rising compliance costs and an overbearing regulatory regime as hurdles to growth and innovation
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Insurers will have to pay £63m in supplementary levies to the Financial Services Compensation Scheme this year, to cover the failures of Enterprise and Gable.
Chaos is needed for some highly successful brokers to emerge during 2017
The liquidator of Gable has appointed Enstar as run-off manager.
The financial services watchdog could make brokers that deal with unrated insurers pay a higher levy to the Financial Services Compensation Scheme.
The downfall of Enterprise and most recently Gable has again raised the thorny issue of unrated insurers.
Motor and employers' liability policies underwritten by Gable will expire in two weeks, the Financial Services Compensation Scheme has warned.
Policies with Gable will automatically be cancelled in less than a month’s time, the Financial Conduct Authority has warned.
Gable has been declared in default by the Financial Services Compensation Scheme.
Companies and individuals owed money by Gable have been invited to submit their claims after a Liechtenstein court appointed a liquidator to the company.