Former Towergate-owned Folgate returns to underwriting
Run-off insurance company to open for business again following purchase by APC Underwriting last year.
Folgate Insurance Company has returned to active underwriting in the UK a year after being purchased by APC Underwriting.
Towergate sold Folgate to managing general agent (MGA) APC for £1.9m in August 2014. The run-off insurance company had ceased writing business on 30 June 2002.
According to APC, the Financial Conduct Authority has granted approval for Folgate to begin underwriting on a quota share basis in conjunction with a Lloyd's syndicate and its combined £30m of capacity will support APC
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop