Gibraltar
Lamp enters liquidation following Supreme Court decision
The Official Receiver has appointed Grant Thornton's Gibraltar office to manage the liquidation.
Lamp’s proposed liquidation sparks debate on insurer stability and ratings
Members of the legal expenses market believe that brokers should look at more than just a firm’s rating when trying to find insurance, referencing location, stability and capital adequacy ratio.
Enterprise Ogden claims hit revealed – report
The liquidator’s report has shown that bust Gibraltar insurer Enterprise must pay out £101.4m extra in claims partly due to changes to the Ogden rate.
Complete Cover Group tipped for sale
Several sources have indicated that the business is on the market.
Podcast: The top five stories of the week
Aviva's mid-market push comes under the microscope along with Brexit.
Ex-Enterprise non-exec chairman Nick Cruz sues Gibraltar regulator for libel
Claim relates to comments made by the Gibraltar Financial Services Commission following the collapse of Enterprise Insurance in 2016.
Gibraltar-based Horizon Insurance declared in default by FSCS
Company closed to new business at the end of 2016 but 1,700 UK customers may still be affected.
Pukka moves into private car
Van MGA Pukka Insure has added private car to its offering with capacity provided by QIC Europe.
Markerstudy in takeover discussions with Qatar Re – report
Insurance Insider reveals possible deal for Gibraltar-based insurer.
Bollington's Paul Moors hails "excellent" results for 2016
CEO says 2016 results were "best for some time" after pre-tax profit rose by 54%.
Elite challenged Gibraltar regulator in court
The insurer, which recently stopped writing new business, challenged regulatory interventions by the Gibraltar Financial Services Commission.
Firms' Brexit contingency plans may lead to difficulties, says FCA
CEO Andrew Bailey states firms making plans before knowing the outcome of Brexit negotiations may find themselves in a difficult situation.
Markerstudy's Gary Humphreys on provider's strategy following capital injection
Insurer set to make acquisitions and launch a pay-as-you-go solution.
Elite closes to new business and prepares for "orderly" runoff
Insurer stresses policies already issued remain in force.
Markerstudy moves from deficit to surplus with capital actions
Moves take £109m deficit to £20.6m surplus.
Octagon closes to new business
The Gibraltar-based firm switches from insurer to MGA and insists it is still solvent.
Liquidator reveals Enterprise sold unauthorised business
Report shows 54 brokers, including Autonet, had sold policies underwritten by Enterprise and shows Enterprise had 760,000 live policies when it was ordered to stop writing new business.
Midas replaces Enterprise in new capacity deal
Midas signs a specialist motor capacity deal with Gibraltar-based insurer Mulsanne.
Enterprise deficit up to £96m
Liquidator’s report for Gibraltar court reveals that insolvency level is worse than originally thought.
Gibraltar regulator to investigate "deep and serious" Enterprise concerns
The regulator said it has “reason to believe that it may have been significantly and consistently misled about Enterprise’s true financial position”.
FSCS details how it will compensate Enterprise customers
Motor policies with Enterprise to be terminated by 26 October.
Biba urges Enterprise brokers to provide liquidator with policy details
Biba warned that there was little time for brokers to make alternative arrangements for clients. The provisional liquidator is set to go to the Gibraltarian courts on 26 October.
FSCS warns Enterprise customers to find new cover
The scheme has urged brokers with customers who have Enterprise Insurance motor policies to contact them about new cover.
Enterprise collapse causes concern for brokers
Questions have been raised over how brokers can replace capacity