Gable liquidator warns of ‘everlasting’ bankruptcy proceedings as it writes off £72m
The liquidator of unrated insurer Gable has found ‘trapped funds’ in the company originally valued at CHF 85m (£71.8m) are not recoverable.
Lichtensteinian insurer Gable collapsed in 2016, with then CEO William Dewsall blaming Solvency II for making Gable’s model “obsolete.”
The unrated insurer had 130,000 policyholders across 12
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