Pukka Insure stopped writing new business with Gefion in July, replacing it with two A-rated carriers.
Gibraltar-based Elite Insurance has been placed in administration and has ceased playing claims, having initially ceased writing business and entering runoff in July 2017.
FSCS has paid out a total £276m following the collapse of unrated insurers Alpha, Gable and Enterprise
The UK’s Financial Services Compensation Scheme has paid out a total £276m in claims to the policyholders of three overseas unrated insurers that collapsed between 2016 and 2018.
First Central Group is seeking external investment which will see its founders reduce their stake in the Guernsey headquartered insurance group, Post can reveal.
More than 800 houses have been evacuated due to flooding and many of those families won't be back in their home for Christmas. Flood warnings are still in place and there are reports that flood defence equipment is being stolen.
The Association of British Insurers remains “fully supportive” of the Gibraltarian insurance market and “the choice that it gives UK customers,” ABI director general Huw Evans has said.
Insurtech Zego has become a licensed insurance carrier in Gibraltar and is also expected to target a full UK licence.
There is a growing list of failed unrated insurers that continue to hit the headlines. Dean Bedford, underwriting director at CLS Risk Solutions, asks what is the answer to the unrated conundrum? Is unrated always bad, who is responsible and who pays the…
As the negotiations over Brexit reach another crescendo of confusion, especially as the EU, UK and European leaders meet in Brussels, the insurance industry can only look on nervously. Those nerves, spiced with concern, are not just felt in the UK but…
The fraudulent claims we’re used to hearing about involve banged-up cars and invented cases of whiplash. Ones involving oil tankers, pirates, the Admiralty Judge, and statements given in places as far-flung as Aden and Manila are somewhat harder to come…
Insurers in Gibraltar must be aware of their financial position "well before" a solvency breach occurs, the regulator warned as it revealed a clampdown.
Arron Banks-owned Eldon Insurance saw profit more than double in 2018, but losses at his insurer Southern Rock increased.
Samantha Barrass had been set to serve her terms as Gibraltar Financial Services Commission CEO until August 2020, but the regulator’s incoming CEO will now take over at the start of next month.
Lamp Insurance’s liquidator has disclaimed health and guaranteed asset protection policies supplied through two brokers.
Enterprise insurance claims are predicted to hit £319m in total, with insurance creditors such as the Financial Services Compensation Scheme potentially receiving a 30% dividend.
Thursday seemed an appropriate day for insurtech Hippo to announce the outcome of its latest funding round – with temperatures reaching 38°C in places, the urge to emulate the mud-wallowing tendencies of its namesake animal became more and more tempting.
Samantha Barrass will step down when her second term as CEO of the Gibraltar Financial Services Commission ends in August 2020,
The Financial Services Compensation Scheme has today made its first payments to policyholders affected by the collapse of Lamp Insurance.
BCR Legal Group appointed representative CRL failed to find an insurer to take on its Alpha policies by the May deadline set by the Financial Services Compensation Scheme, but it has been given more time as the firm has a replacement in its sights.
Elite Insurance has proposed a solvent scheme of arrangement, in order to avoid a liquidator being appointed.
Quest Group has been appointed to manage claims for policyholders of failed Lamp Insurance.
The Financial Services Compensation Scheme will protect customers of Lamp Insurance following the unrated insurer’s demise.
Insolvent unrated insurer Lamp has been placed into liquidation following a court hearing today.
Exclusive: Now 4 Cover is looking to relocate policies of 13,500 of its customers, following Lamp’s descent into insolvency.