Gibraltar
Enterprise fallout, fraud cases reopened, blockchain and Ghostbusters - the week in Post
Well the weather might have turned a touch greyer, but the summer holidays are truly here judging by the fact my commute to work is less busy but buying a sandwich in the West End at lunchtime has become a lengthy tourist obstacle course.
Enterprise liquidator tells policyholders to seek new cover due to claims uncertainty
The provisional liquidator of Gibraltar-based Enterprise Insurance Company has warned that it is uncertain the business has enough assets to pay claims.
Enterprise parent company to expand MGA following insurer's collapse
The parent company of collapsed insurer Enterprise is looking to amend the remit and secure additional capacity from an alternative re-insurer for its Managing General Agent Andeva.
Elite to set up office in Luxembourg to counter Brexit fears
Gibraltar-based Elite Insurance said it will set up a new regulated insurance company in Luxembourg to ensure that it would not miss out on passporting rights following Brexit.
ERS moves to support brokers following Enterprise collapse
ERS is looking to support brokers following the Gibraltar Financial Services Commission’s action on Friday after Enterprise informed them they were insolvent.
Enterprise collapse will affect 14,000 motorists
A Zurich-owned Managing General Agent will reimburse outstanding premiums to Irish motorists who have been affected following the collapse of Enterprise Insurance on Friday.
Watford 'will eat our lunch', Arch CEO warns
Arch Insurance may have “created a competitor” in setting up Watford Re, as the joint venture recently launched its own insurance business subsidiary.
Elite Insurance to redomicile from Gibraltar following Brexit
Elite Insurance will be looking to establish new headquarters outside of Gibraltar following the UK’s decision to leave the EU.
Markerstudy meets Gibraltar regulator over Brexit concerns
Markerstudy has met with the Gibraltar Financial Services Commission to discuss the implications of a Brexit.
UK insurtech start-up Guevara to follow US P2P provider Lemonade and launch licensed insurer
One of the investors behind insurtech start-up Guevara has warned others they will need "a lot of patience” to bear fruit in the insurance market.
Commercial vehicle MGA launches with £30m capacity
A £30m-capacity managing general agency targeting van and commercial vehicle business will be launched in the UK market by the founder of a claims management company.
Hastings sees GWP rise 27% as it announces first dividend
Hastings has reported a 27% increase in gross written premiums to £614.9m (2014: £483.4m) for the 12 months ended 31 December 2015 and expects to pay shareholders a maiden dividend of 2.2p per share.
AA underwriting arm opens for business targeting 250,000 customers and telematics
The AA's new Gibraltar-based insurance company has opened for business targeting a quarter of a million policyholders.
Elite to stop writing solicitors' PII as falling rates take a toll
Unrated carrier Elite Insurance is withdrawing from the English and Welsh solicitors’ professional indemnity insurance market.
Collingwood receives PE backing to grow new product lines
Collingwood Insurance Company has confirmed private equity firm JZ International has become a majority investor in the business to help accelerate its growth plans.
The State of the Insurer Nation: Week One: Regulation
In the first report of a five-part series covering Post’s latest State of the Nation survey, Mairi MacDonald reports on how regulation of the insurance industry is viewed by insurance CEOs and managing directors and how they think it could work better…
Europe: Lure of Liechtenstein
Liechtenstein has more companies than citizens, but are UK insurers keen to join its corporate club?
Go Skippy parent mulls overseas transfer of jobs as 150 staff are put on notice
UK Independence Party backer Arron Banks’ Eldon Insurance Services has put 150 UK-based employees on notice of redundancy as part of plans to potentially move work overseas, Post can reveal.
Working group touted to tackle Gibraltar VAT loophole frustration
Insurer frustration around the differing VAT rates incurred by UK and Gibraltar-based firms has led to calls for an industry working party to lobby government to level the playing field.
AA tipped to acquire XL Gibraltar arm to launch motor insurer
The AA has been tipped to swoop for XL Insurance (Gibraltar) in order to launch its new motor insurer.
Markerstudy launches affinity 'super division'
Gibraltar-based personal lines insurer Ultimate Insurance Company co-founder Paul Hampshire will lead a new affinity “super division” launched by Markerstudy Group.
Gibraltar sees completion of first ILS transaction
Betting company Lottoland has become the first company to complete an insurance linked securities transaction in Gibraltar.
Tough motor market contributing to pet insurance interest in Gibraltar
Potential for profit-making, low market penetration and a diversification away from the tough motor market are key factors in "struggling" Gibraltarian insurers looking to enter the UK pet insurance arena, commentators have suggested.
Pet insurance market forecast to reach £1.1bn by 2018
UK pet insurance premiums are forecast to reach £1.1bn by 2018 with market growth driven by rising vetinary fees, high claims costs and advances in vetinary treatment.