Gable Insurance
FSCS refunds £8.3m to Gable policyholders
Premiums worth £8.3m have been returned to former policyholders of Gable Insurance through the Financial Services Compensation Scheme.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
FSCS paid out £375m over 2016/17
The Financial Services Compensation Scheme’s compensation costs totalled £375m in 2016/17 in response to almost 37,000 claims.
Post journalists scoop a trio of gongs at Biba Awards 2017
Post journalists have been recognised for their outstanding work in three categories at the British Insurance Brokers' Association Awards 2017.
Brokers: The unbearable weight of regulation
Brokers are becoming increasingly frustrated with the Financial Conduct Authority, citing rising compliance costs and an overbearing regulatory regime as hurdles to growth and innovation
Quiz of the week – 20 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Enterprise and Gable will cost insurers £63m this year
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.
Brightside's Mark Cliff on why chaos is needed for success
Chaos is needed for some highly successful brokers to emerge during 2017
Liquidator to Gable appoints run-off manager
The liquidator of Gable has appointed Enstar as run-off manager.
FSCS levy may rise for brokers that use unrated insurers
The financial services watchdog could make brokers that deal with unrated insurers pay a higher levy to the Financial Services Compensation Scheme.
In Depth: Unrated insurers: The Biba Litmus Test Report
The downfall of Enterprise and most recently Gable has again raised the thorny issue of unrated insurers.
Time running out for Gable motor and EL policyholders to find alternative cover
Motor and employers' liability policies underwritten by Gable will expire in two weeks, the Financial Services Compensation Scheme has warned.
Gable policies will expire in a month, FCA warns
Policies with Gable will automatically be cancelled in less than a month’s time, the Financial Conduct Authority has warned.
FSCS declares Gable in default
Gable has been declared in default by the Financial Services Compensation Scheme.
Gable creditors have 10 months to submit claims as company enters liquidation
Companies and individuals owed money by Gable have been invited to submit their claims after a Liechtenstein court appointed a liquidator to the company.
Gable turns on administrator over ‘illegal’ shareholder meeting
Gable said it was “illegally” denied voting rights at a shareholders meeting, in which a petition to wind up the company was passed.
Scandinavian Gable policyholders not protected by government schemes
Scandinavian policyholders will not be protected by government guarantee schemes if Gable is declared bankrupt.
Gable needs £58.7m capital injection
Gable needs to provide £58.7m in order to meet its Solvency II requirements, according to its administrator.
Gable to take ‘robust’ defence against insolvency petition
Gable is taking “the most robust” action against its administrators over any petition to declare the company insolvent.
Gable shareholders to meet to determine company’s future
A meeting will take place this afternoon to give Gable shareholders a final opportunity to inject fresh capital into the business.
Week in Post: Borne back ceaselessly into the past
Halloween is now behind us, which means we’re now pitching irrevocably into Christmas season. The warbling of Maria Carey is already transforming supermarkets into no-go zones, and our inboxes are filling up with Christmas party invitations.
Gable needs further capital to stave off insolvency, administrator warns
The administrator responsible for Gable has requested a further capital injection in order for the company to remain solvent.
The rise and fall of Gable – where does this leave brokers?
The Liechtenstein-based insurer entered administration last month
FSCS will protect policyholders of Liechtenstein insurer Gable
The Financial Services Compensation Scheme said it will protect consumers affected by the Gable administration, should the firm become insolvent.