Liquidators take stock of collapsed insurer Drake.

- Vic Wyman.
- 14 Jun 2000
- Indicative reading time: 1 minute

Staff at collapsed insurer Drake Insurance will be told at the end of the month whether they still h...

Staff at collapsed insurer Drake Insurance will be told at the end of
the month whether they still have jobs. The provisional liquidator
Deloitte & Touche has confirmed that, to date, only 26 of the 170 or so
people employed at the company have been made redundant.

At the time of going to press, several insurers were known to be looking
at the books of the Brighton-based insurer with a view to taking over the
business. Groupama is tipped as the front-runner. A spokesman at the
company said: "On

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