The unrated provider recently went into solvent liquidation after the Danish regulator withdrew its insurance license.
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.
The troubled Danish provider says it is "disappointed" after Danish regulator refuses three-month extension to its recovery period forcing it into run-off.
New capacity deal will see UK partner Tradewise Insurance Services write motor business into 2020.
The top stories in May were dominated by insolvencies, run-offs, liquidations, and redundancies.
Administrators hope to add to the £7.43m already raised from the firm.
Alpha was CRL's sole provider until it went bankrupt last year, and CRL has filed a document on Companies House which proposes the firm is wound up.
Gibraltarian insurer went into liquidation at the end of May.
Payments made to clients who had outstanding property damage claims at the time of the insurer’s collapse.
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.
The Official Receiver has appointed Grant Thornton's Gibraltar office to manage the liquidation.
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.
Liquidation application will be looked at in Court on 31 May as insolvent provider says it is still pursuing sale options.
Product deals with capital reserves and managing run-off in event of insolvency.
Scores of law firms are reportedly facing a battle to secure professional indemnity (PI) insurance cover in time for the 1 October renewal deadline, with rates up by some 40% compared to last year.
Marsh has cautioned that the presence of unrated insurers in the small and medium-sized professional indemnity (PI) space is a "worrying trend".
Insurance insolvencies fell by more than a third during June 2013 compared to the previous month, a report has found.
Liquidation-threatened Balva was the UK's third biggest professional indemnity (PI) insurer during 2012/13 with a 9% market share, the Law Insurer's Guide has revealed.
Insurance failures doubled during May 2013, compared to the same month a year ago, a report has found.
Unrated Latvian insurer Balva, which is believed to provide professional indemnity (PI) insurance to 1,300 UK firms, has had its operating licenses withdrawn in a bid to protect customers.
Insurance insolvencies continued to drop as the number of failures fell by 63% during March 2013, compared to the same month in 2012, a study has found.
A director of motorbike insurance comparison website Bike Insurer Services Ltd has been disqualified for eight years.
The number of insurance failures fell by 63% for February 2013 compared to the same month in 2012, a study by Experian has found.
Research from Experian has revealed there were nine company insolvencies in the insurance sector in January 2013.