Iprism chair declares turnaround complete after Gable fallout

Brent Escott

The chair of underwriting agency Iprism has vowed that it will never work with unrated capacity again, having only just got its house in order following the collapse of former partner Gable in 2016.

In 2014 Iprism signed a deal with Gable to underwrite business in the UK market, which the now defunct Lietchenstein-based insurer said it expected to deliver GWP of £100m over three years.

However

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London Market arranges training to stamp out misconduct

Following the publication of the Financial Conduct Authority’s report on non-financial misconduct in the wholesale specialty insurance market, the Lloyd’s Market Association, International Underwriting Association, and London and International Insurance Brokers’ Association have launched a new joint training programme.

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