PricewaterhouseCoopers (PwC)
Gable policies will expire in a month, FCA warns
Policies with Gable will automatically be cancelled in less than a month’s time, the Financial Conduct Authority has warned.
Gable creditors have 10 months to submit claims as company enters liquidation
Companies and individuals owed money by Gable have been invited to submit their claims after a Liechtenstein court appointed a liquidator to the company.
Gable turns on administrator over ‘illegal’ shareholder meeting
Gable said it was “illegally” denied voting rights at a shareholders meeting, in which a petition to wind up the company was passed.
Scandinavian Gable policyholders not protected by government schemes
Scandinavian policyholders will not be protected by government guarantee schemes if Gable is declared bankrupt.
Gable needs £58.7m capital injection
Gable needs to provide £58.7m in order to meet its Solvency II requirements, according to its administrator.
Gable to take ‘robust’ defence against insolvency petition
Gable is taking “the most robust” action against its administrators over any petition to declare the company insolvent.
Gable shareholders to meet to determine company’s future
A meeting will take place this afternoon to give Gable shareholders a final opportunity to inject fresh capital into the business.
Gable needs further capital to stave off insolvency, administrator warns
The administrator responsible for Gable has requested a further capital injection in order for the company to remain solvent.
CII launches Strategic Manifesto following internal review
The Chartered Insurance Institute launched its Strategic Manifesto, with a focus on re-establishing public trust in the insurance sector.
FSCS will protect policyholders of Liechtenstein insurer Gable
The Financial Services Compensation Scheme said it will protect consumers affected by the Gable administration, should the firm become insolvent.
Gable administration was 'inevitable', say brokers
Brokers have described Gable’s administration as “inevitable”, with those who still hold policies with the troubled Liechtenstein insurer being advised to immediately find new cover.
Irish insurance bosses focus on M&A deals despite economic challenges
Nearly a fifth of Irish insurers are looking to acquire or merge with a competitor, a survey of insurance CEO's has found.
Portas joins PWC as partner
Jane Portas has joined Price Waterhouse Coopers UK as a partner.
Third of UK insurers haven't analysed impact of Brexit on staff
A third of UK general insurers haven't analysed the impact leaving the EU will have on their staff.
Market reacts to PRA consultation papers on Solvency II
The Prudential Regulation Authority has released a consultation paper with a draft supervisory statement on its expectations of insurers in significant loss events.
Why 'unhackable' blockchain could revolutionise the insurance industry
Everyone’s talking about it, but is anyone really doing it? There’s a continuous chatter surrounding blockchain, so isn’t it about time more firms used the distributed ledger system?
Diversity: How to implement a more eclectic workforce
Historically, the insurance industry has lacked diversity. When you imagine a typical insurance firm, you may picture a male, pale and stale boardroom. Increasingly, though, the industry has been implementing a range of initiatives to draw in a more…
CII makes three roles redundant following internal review
The Chartered Insurance Institute has made three senior staff roles redundant following an internal review.
Abbey Insurance Brokers appoints Hanna and McKelvey to its board
Abbey Insurance Brokers has made two new appointments to its board. Paul Hanna has been appointed managing director, while Jeni McKelvey has been promoted to personal lines director.
Insurers need to look past Blockchain hype, to find best process fit, says PWC
The insurance industry is keen to implement blockchain solutions in order to change the way it operates, a report from Long Finance shows.
Guernsey is inviting insurers to relocate from Brexit UK
Guernsey is carrying out a strategic review into how it can become a “more important player” as an international insurance hub.
Insurers face skills shortages in software and digital
Insurers in the life and general insurance sectors are planning to hire more staff with digital skills, according to a survey.
Insurers fear loss of business to FinTech sector
The scale of the threat posed to the insurance market by FinTech companies has been revealed in a new report by PwC.
Blog: Solvency II accelerates competitive rethink
We're now a number of months into the Solvency II regime and the sky hasn't fallen in. But the scale of the compliance demands is providing fresh fuel to the debates within many businesses about whether they could compete more effectively without the…