Gibraltar
Gibraltar insurer stops writing business ahead of Brexit
Gibraltar-based Horizon Insurance has ceased renewing and accepting new motor policies in the wake of the Brexit vote.
FSCS pays out over £26m on Enterprise claims
The Financial Services Compensation Scheme has paid out over £26m in compensation on claims following the collapse of Enterprise Insurance.
206,000 Enterprise policies transferred to new insurer
Motorway Direct and NCI Roadside Assistance have transferred 206,000 Enterprise policies to new insurers with effect from 14 December.
In Depth: Unrated insurers: The Biba Litmus Test Report
The downfall of Enterprise and most recently Gable has again raised the thorny issue of unrated insurers.
Enterprise issued thousands of policies without authorisation
Enterprise Insurance wrote 10,000 UK roadside assistance policies in the UK without authorisation.
Enterprise deficit nine times larger than predicted
Failed Gibraltar insurer Enterprise had a total deficit of £96.4m, almost nine times more than the original estimate of £11m.
Gibraltar launches ‘major investigation’ into Enterprise board
Gibraltar will launch a “major investigation” into whether Enterprise Insurance misled its financial watchdog over its financial position.
Bollington to transfer 3500 policies affected by Enterprise
Bollington Underwriting will block transfer 3500 policies affected by the Enterprise collapse to a new provider.
Where are all the full-stack insurance start-ups?
Capital requirements and regulations have been blamed for putting off new full-stack insurers from establishing in the UK but Brexit won't necessarily help start-ups.
Biba urges members to contact Enterprise liquidator
The British Insurance Brokers’ Association has emailed its members advising any that have policies remaining with Enterprise to contact the provisional liquidator.
'Time is running out' for Enterprise customers, FSCS warns
The Financial Services Compensation scheme has warned Enterprise customers that the “time to act is running out”.
Biba in talks with Enterprise liquidator to help affected brokers
The British Insurance Brokers’ Association is in talks with failed insurer Enterprise’s liquidator with the aim of helping affected UK brokers.
Enterprise Holdings calls in administrators in light of legal action, liquidator warns of fraudsters
The parent company of failed Gibraltar insurer Enterprise has appointed two liquidators to “protect and safeguard” its assets.
Gibraltar insurers optimistic despite plan to close VAT loophole
A value-added-tax loophole that has been available for Gibraltar-based insurers doing business in the UK will be closed from next month.
In the September issue of Post
The London Fire Brigade, the anniversary of the great Fire of London and the Top 30 European insurer ranking are in the September issue of Post.
Did the Gibraltar regulator miss the warning signs?
The Gibraltar Financial Services Commission has once again fallen under scrutiny after Enterprise Insurance became the third major insurer to collapse in the tax haven in recent years.
Elite Insurance sees pre-tax profit soar with 140% increase
Elite Insurance has reported strong H1 results for 2016, with a 140% increase in pre-tax profit and a 20% increase in net assets.
Brexit will not affect UK Gibraltar business relationship, says Hastings
In light of Hasting’s strong financial results today, chief financial officer Richard Hoskins has said that the group is not concerned about Brexit affecting its growth.
Blog: Enterprise collapse shows taxi and self-drive rates have been too low
Enterprise's failure shows a correction to rate levels is long overdue. Mark Bacon, underwriting director at ERS, argues now is a time for discipline in pricing.
Enterprise fallout, fraud cases reopened, blockchain and Ghostbusters - the week in Post
Well the weather might have turned a touch greyer, but the summer holidays are truly here judging by the fact my commute to work is less busy but buying a sandwich in the West End at lunchtime has become a lengthy tourist obstacle course.
Enterprise liquidator tells policyholders to seek new cover due to claims uncertainty
The provisional liquidator of Gibraltar-based Enterprise Insurance Company has warned that it is uncertain the business has enough assets to pay claims.
Enterprise parent company to expand MGA following insurer's collapse
The parent company of collapsed insurer Enterprise is looking to amend the remit and secure additional capacity from an alternative re-insurer for its Managing General Agent Andeva.
Elite to set up office in Luxembourg to counter Brexit fears
Gibraltar-based Elite Insurance said it will set up a new regulated insurance company in Luxembourg to ensure that it would not miss out on passporting rights following Brexit.
ERS moves to support brokers following Enterprise collapse
ERS is looking to support brokers following the Gibraltar Financial Services Commission’s action on Friday after Enterprise informed them they were insolvent.