Gibraltar
Cross-border mergers authorised between UK and Gibraltar insurers
The Gibraltar government today confirmed that it had received written confirmation from the UK Treasury, for Part VII transfers to go ahead.
R&Q appoints Aon's Matthews as MD for Gibraltar platform
Randall and Quilter has appointed Andrew Matthews as managing director of R&Q Insurance Management (Gibraltar) previously known as R&Q Caledonian.
Southern Rock becomes latest insurer to join IFB
Southern Rock Insurance Company has become the latest member of the Insurance Fraud Bureau.
Gibraltar recruits former FSA insurance director for Solvency II project
Gibraltar’s Financial Services Commission has swooped for a former UK insurance regulator to lead its Solvency II implementation project.
Industry doubtful SRA minimum rating plan can boost solicitors’ PI market
Regulator finishes eight-week consultation on possible ‘B’ minimum.
Gibraltar aims to become ILS hub within EU
The government of Gibraltar has unveiled plans to make the territory an insurance linked securities destination within the European Union.
Regional Review: Gibraltar
Gibraltar’s insurance industry has had a rocky 18 months. The high-profile failure of unrated passporting insurer Lemma, followed in quick succession by domestic players Hill and Devert, brought unwanted scrutiny to the domicile, which has worked hard…
Enterprise issues Leeds United winding up petition
Leeds United Football Club is facing a winding up petition from its shirt sponsor, unrated Gibraltarian insurer, Enterprise.
Minister defends Gibraltar against ‘unfair advantage’ perceptions
Gibraltarian minister talks up non-motor insurance expansion.
Penny Black's Insurance Week - 30 January 2014
Oval staff received a treat this week when the area outside their office was transformed into a film set – with none other than Jack Bauer himself, Kiefer Sutherland, among the famous faces on site filming scenes for the return of TV thriller 24.
SRA ratings plans 'confused' says Enterprise
An unrated professional indemnity insurer has condemned plans from the Solicitors Regulation Authority to bar insurers rated below B.
Unrated PI insurer Elite targeting AM Best rating by Q2
Unrated insurer Elite is hoping to be granted a rating by AM Best by the start of Q2.
SRA launches unrated insurer ban consultation
The Solicitors Regulation Authority is to consult on a potential bar on professional indemnity insurers rated below B on financial strength.
Lemma finance boss helped to supply 'false' returns
An investigation by Gibraltar’s Financial Services Commission has condemned the conduct of Lemma Europe’s de factor finance manager, finding he participated in filing returns which falsely indicated the insurer was complying with solvency requirements.
Markerstudy touted as saviour for Capita broking businesses
Brightside deal could still go ahead despite acquisitions.
Business growth sees Enterprise appoint SSP to replace legacy systems
Gibraltar-based Enterprise Insurance has selected technology solutions provider SSP to replace its existing legacy administration systems.
Gibraltar-based motor insurers outperform UK counterparts
Niche offerings help domiciled firms achieve sub-100% CORs.
Editor's comment: Enough monkeying around
Figures this week show Gibraltarian motor insurers are outperforming their peers in the UK, with only seven UK motor insurers maintaining a combined operating ratio of sub-100%, last year compared with 12 firms in Gibraltar.
Gibraltar-based insurers emerging from 'price war' unscathed
Motor insurers domiciled in Gibraltar wrote £2.6bn worth of premiums last year, accounting for approximately 16% of total UK motor premium.
Europe: A Rock and a hard place (International feature - 26/09)
The row between Spain and Britain over Gibraltar may have put insurance firms in the country in an unenviable position.
Gibraltar’s appeal as an insurance hub threatened by new regulation strategy
Regulator to take closer look at firms’ non-EEA reinsurers
De Vert directors settle in Gibraltar investigation
The Gibraltar Financial Services Commission has closed the investigation on the conduct of two directors at failed insurer De Vert, with the pair agreeing to not to take directorships or acting as decision makers on underwriting.
Gibraltar regulator concludes De Vert director investigation
The Gibraltar Financial Services Commission has closed the investigation on the conduct of two directors at failed insurer De Vert, barring them from additional directorships and acting as sole decision makers on underwriting.
Europe: A Rock and a hard place
The row between Spain and Britain over Gibraltar may have put insurance firms in the country in an unenviable position. Mark Sands explains.