Elite Insurance falls £9.7m short of SCR
Gibraltar-based insurer, Elite Insurance has fallen £9.7m short on its solvency capital requirement in the year to 31 March 2017, despite a sizeable strengthening in its reserves.
Elite’s Solvency and Financial Conditions report, published earlier this month, showed it fell £9.7m short of its SCR compared to a surplus over the SCR of £10.7m at the end of the previous financial
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