FSCS paid claims of £16.5m to former Gable policyholders in 2017
The bankrupt insurer had 60,000 UK policyholders and was working with 12 brokers in UK.
Gable Insurance had 60,000 active policies in the UK and contracts with 12 UK brokers at the time of its bankruptcy, according to its liquidator.
The liquidator, Batliner Wanger Batliner, reported that England had been Gable’s largest market.
In total, the unrated Liechtenstein-based provider had 130,000 policies in force at the time of its collapse across 11 countries and was working with around 30 brokers who sold approximately 50 different products.
Its main products in the UK included
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