Gibraltar
FSCS "standing ready" to deal with customer impact from Gefion
COO Jimmy Barber discusses Gefion's solvent run-off, previous insurer failures including Alpha and Enterprise, and why he believes brokers are integral to the Scheme.
Government consults on UK market access for Gibraltar-based firms
The legal framework previously in place needs to be changed due to Brexit, with firms having until 11 May to respond.
FSCS to pay out on four more insurance firms
The failed firms are JB Wilcock Insurance, Benson McGarvey Murdoch, Elite Insurance Company, and Quick-Sure Insurance.
Gibraltar regulator sheds 22 staff in cost-cutting drive
The GFSC has also restructured its management team to be “flatter, wider and more inclusive”.
Gibraltar’s Quick-Sure enters administration
Having stopped writing new business in 2017, the regulator estimates that only 117 claims are left to be settled.
Markerstudy forced to go "on hiatus" for new quotes in commercial lines
Group commercial director Gary Humphreys says MGA is in talks with two potential providers after it was asked by backer QIC to find alternative capacity for its commercial SME book.
Tradewise Insurance Company enters voluntary run-off
New capacity deal will see UK partner Tradewise Insurance Services write motor business into 2020.
Elite Insurance goes into administration
The Gibraltar-based insurer closed to new business in July 2017.
2019 in review: May's top stories
The top stories in May were dominated by insolvencies, run-offs, liquidations, and redundancies.
News analysis: Are brokers still in love with Gibraltar insurers?
The recent run of Gibraltar-based insurer insolvencies has made the headlines, but the low tax and light-touch regulations in the jurisdiction attract UK businesses and insurtech start-ups. Martin Friel investigates why brokers are still dealing with…
Quizzical questions: 15 November 2019
Test your knowledge of the week's news with our topical quiz.
FSCS pays out to Lamp home customers
Unrated Gibraltarian insurer went into liquidation in May.
FSCS pays out to Lamp GAP and health customers
Gibraltarian insurer went into liquidation at the end of May.
Red Sands scoops up failed insurer Lamp’s home policies
Now4Cover has moved the customers to Gibraltar-based provider Red Sands.
Elite proposes solvency scheme to avoid liquidation
Gibraltarian insurer warns liquidation would be costly for creditors and could delay claims payments.
Lamp declared in default following insolvency
The FSCS is still in the process of identifying how many UK policyholders are affected by the failure of Lamp as Now4Cover seeks replacement provider.
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.