Review of the year: May 2018
May was all about the collapse of Alpha. Aviva pulling agency with GRP also caught brokers' interest along with Amazon's potential insurance plans.
We take a look at the top five stories that got brokers talking in May 2018.
Unrated Alpha - policies no longer in force amid bankruptcyDanish-based unrated Alpha Insurance was declared bankrupt after a filing by the liquidators. The Danish Financial Supervisory Authority urged all policyholders to seek new policies after cover had been terminated. The collapse of Alpha, whose specialisms included motor fleet, began at the start of March when the Danish FSA ordered it to develop a recovery
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