Iprism
Gable disputes £8.8m worth of claims in bankruptcy hearing
Failed unrated insurer Gable has disputed 100 claims totaling CHF 10.9m (£8.8m) in its first bankruptcy court hearing.
This week: No alarms and no surprises
After more than two years of contingency planning, this week’s news that a proposed Brexit deal was likely to lead to a loss of passporting was met with no more than a shrug of the shoulders.
Iprism chair declares turnaround complete after Gable fallout
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.
Magenta takes minority stake in Eaton Gate
SME growth investor Magenta Partners has taken a minority stake in Eaton Gate Holdings and Vigilis Holdings, collectively known as EGV.
Interview: ABC Investors - Bunker, Cassidy, Castle, Horton and O’Roarke
With their restrictive covenants expiring at the end of 2017, the former LV general insurance management are now free to re-enter the market. Jonathan Swift speaks to the quintet about their new consortium ABC Investors, digital innovation and what it…
Gable Insurance's first decade: seven lessons for start-ups
It is now four weeks since Gable announced it was cutting back its underwriting operations in light of compliance issue with Solvency II.
Iprism strikes deals with QBE and Gallaghers after Gable pulls two lines mid-term
Liechtenstein-based insurer Gable Holdings has exited the tradesmen and high-net worth household lines of business it offered through the Iprism Underwriting Agency portal mid-term.
Iprism scythes away debts despite drooping profits
Iprism Underwriting Agency has revealed a sharply improved debt position in accounts filed with Companies House, in spite of falling post-tax profits.
Magenta sells iprism stake
Growth investor Magenta Partners has sold its minority stake in underwriting agency iprism to UK private equity house Bowmark Capital.
Towergate commits to Power Place as former bosses unveil new ventures
Three former Towergate e-trading bosses revealed this month that they are forging ahead with two separate online start-ups. While this signals increasing interest and activity in the market, it leaves a question mark over the future of Towergate's online…
Iprism records first profit and unveils new Click2Compare brand
Underwriting agency Iprism has moved into profit for the financial year ended 31 December 2011, according to filings at Companies House.
Iprism and Durell team up to offer back-office broker platform
Bosses at Iprism and Durell Software have joined forces to launch a combined electronic trading and back-office broker platform.
Iprism cuts losses and eyes 2011 profit
Online commercial underwriting agency Iprism has seen its losses reduce by £4.5m during 2010, according to its latest filings at Companies House.
Former Xbridge boss Deacon plots online return with Primary
The former boss of online commercial insurance broker Xbridge Tony Deacon is poised to return to the market with a similar venture, after his new business received the regulatory green light just before Christmas.
Postbox: SME online has been viable for years
I have to say my firm read with interest your comments about 'SME' online being commercially viable.
Editor's comment: Commercially viable
The news that Iprism has secured private equity backing, which effectively values the business at £50m, is further evidence that the future of online commercial trading has finally reached its 'tipping point'.
Iprism valued at £50m as PE firm takes a stake - Post in print: 18 November 2010
Reporter Amy Ellis outlines the main news from this week's issue of Post, including how backing from a PE firm has led to Iprism being valued at £50m; Zurich coming under fire for 'bungled' staff consultation; Allianz's Andrew Torrance bemoaning new…
Iprism is confident of success as 'penny drops'
The "penny has finally dropped" regarding the online commercial insurance market and it could finally take off after several false dawns.
RSA unveils launches to regain SME ground
RSA is to launch more commercial products in its bid to become a top-five player in the SME market.