Unrated insurers
Danish watchdog orders Gefion to recalculate solvency level
Regulator says the unrated Danish provider has a solvency ratio of 105% after assessment.
FSCS makes first compensation payments to clients of Lamp
Payments made to clients who had outstanding property damage claims at the time of the insurer’s collapse.
Unrated Gefion reports losses in 2018
Danish provider received cash injection to improve its solvency ratio on 6 May.
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.
FSCS to pay out £6.9m to taxi drivers affected by Alpha collapse
Organisation to refund 9,000 commercial taxi drivers who were insured by Alpha via its broker MGA Capital Underwriting Agency.
Hogarth Underwriting enters liquidation amid Gable collapse
According to a final report filed by its administrators, Hogarth will now be subject to a creditors’ voluntary 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.
Gibraltar insurer, Lamp, goes into liquidation amid insolvency
Liquidation application will be looked at in Court on 31 May as insolvent provider says it is still pursuing sale options.
Gefion ordered to publish supplementary corrective accounts
The Danish regulator has told Gefion to restate its 2017 results and half-year report for 2018 but Gefion insists the business is healthy.
Quizzical questions: 26 April 2019
Test your knowledge of the week's news with our topical quiz.
Qudos replacement policies reignite unrated debate
Some alternative cover for Qudos’ motor, motor add-on and pet insurance policyholders is being offered through two unrated insurers.
FSCS further extends CRL's Alpha deadline
FSCS "hopeful" 30 April deadline could lead to a deal being agreed as CRL continues to look for replacement cover following unrated insurer Alpha's bankruptcy last year.
CRL responds to FSCS Alpha deadline extension
CEO Steve Mansour says the broker has been working with the FSCS for some months in order to help transfer policies affected by Alpha’s bankruptcy last year.
Brokers and FSCS step in for Qudos customers following unrated insurer's collapse
The FSCS named Adrian Flux and Tobell Insurance Services as it detailed the transfer of 165,000 policies from the bust Danish provider.
CRL has deadline to replace Alpha policies extended
FSCS says the broker is "making progress" in finding replacement cover after unrated Danish insurer Alpha collapsed last year.
Qudos Insurance liquidator writes to UK customers
Danish provider declared bankrupt on 20 December 2018.
Be Wiser slams unrated insurers as it posts loss for 2018
Boss Mark Bower-Dyke says results were impacted by poor market conditions and unrated insurers charging low prices.
Unrated Danish insurer Qudos declared bankrupt
FSCS vows to work with liquidator and Danish authorities.
Review of the year: May 2018
May was all about the collapse of Alpha. Aviva pulling agency with GRP also caught brokers' interest along with Amazon's potential insurance plans.
Podcast: The top 5 stories of the week
Ida Axling and Siân Barton take a look at this week’s headlines.
Unrated Danish insurer goes into liquidation
Portfolios put into run-off with Darag.
CBL Insurance placed into liquidation
Decision comes after two of the firm's major creditors did not support voluntary administration.
Podcast: Certus' Ben Welsh looks at the top five stories of the week
The unrated insurer debate, technology and consolidation all come under the microscope.