MCE: Edwards hits out at administrator over MTA u-turn
MCE Edwards says he is “ashamed of the profession” and warns that the decision could impact vulnerable customers.
MCE CEO, Julian Edwards has hit out after his Gibraltar insurance business, which went into administration last month, was told it could no longer offer mid-term adjustments to existing customers.
Insurance Age has seen correspondence that shows that administrator, Kroll, informed the business yesterday (2 December) that: “The position has changed in that the Joint Administrators require no further midterm adjustments to be processed.
“This is to limit the potential exposure of the MCEic to
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