Analysis: Collapse of Lamp highlights lessons still to be learned
Gibraltarian insurer Lamp is the fifth unrated carrier to fall over in the past three years. The insolvency once again demonstrates the risks brokers take when they use unrated insurers, industry figures have warned.
Lamp Insurance submitted an application to liquidate the business to the Gibraltar Supreme Court on 16 May. The application will be heard on 31 May.
Though exploring options such as selling the
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