FSCS has paid out a total £276m following the collapse of unrated insurers Alpha, Gable and Enterprise
The UK’s Financial Services Compensation Scheme has paid out a total £276m in claims to the policyholders of three overseas unrated insurers that collapsed between 2016 and 2018.
Speaking at an industry briefing organised by the Managing General Agents’ Association, Alex Kuczynski, chief corporate affairs officer at FSCS, identified unrated insurers passporting into the UK and
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