Enterprise collapse causes concern for brokers
Questions have been raised over how brokers can replace capacity
Brokers have described the collapse of Enterprise Insurance as a significant concern, especially for the motor market.
This July, Enterprise Insurance, which was established in July 2004, admitted that it was insolvent. The Gibraltar Financial Services Commission (GFSC) ordered Enterprise to cease issuing new insurance policies immediately. The GFSC stated it had also issued directions prohibiting Enterprise from making any payments unless authorised by the GFSC, in order to protect the assets
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