Insurance Post

Enterprise and Gable will cost insurers £63m this year

Money - pound coins

Insurers will have to pay £63m in supplementary levies to the Financial Services Compensation Scheme this year, to cover the failures of Enterprise and Gable.

The figure is in addition to a standard general insurance levy of £52m. This makes a combined levy of £102m, 12% more than the £91m insurers had to pay in 2016/17. 

Brokers will pay £13m in 2016 to

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