Gibraltar
Capsicum's Chris Hardcastle on the capacity struggle facing MGAs
Managing general agents are popping up all over the place but capacity is coming under pressure. Chris Hardcastle, managing director of Capsicum Delegated Authority, asks if there is enough capacity to go round.
Bye Guevara: How Gibraltar no-go signalled the end for insurtech start-up
Earlier today an email dropped into my inbox confirming what many had suspected for a while, the insurtech start-up Guevara was no more.
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.
Gibraltar PCCs given permission to write third party business
Gibraltar Protected Cell Companies will now be permitted to write third party insurance business.
Elite took regulator to court in lead up to closure
Elite took Gibraltar’s insurance watchdog to court in the lead up to its closure, it has emerged.
Gibraltar: Between a Rock and a hard Brexit
A minority of Gibraltarian insurers could suffer from the loss of European passporting rights but the territory could also attract companies looking to enter the UK market after Brexit.
Elite's rating likely to be downgraded as it goes into run-off
Gibraltar-based Elite Insurance's Insurer Financial Strength rating has been scored as BBB, on Rating Watch Negative.
Markerstudy confirms it is not selling, plans strategic acquisitions
Exclusive: Markerstudy has confirmed that it is not for sale and is planning on making further acquisitions.
Elite ceases writing new business
Elite Insurance will cease writing new business with immediate effect.
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.
Markerstudy injects capital to fix £109m solvency deficit
Markerstudy was forced to inject fresh cash into the business after falling short of its solvency requirement by £109m.
Ogden rate cut adds up to £1.72bn bill for insurers
Insurers have so far been hit with £1.72bn bill from the Ogden rate cut, with the full impact still to come.
More scrutiny on Luxembourg captives ahead
With increasing regulatory scrutiny, managing a captive can become challenging. Protected cell companies offer a practical alternative.
Updated: Markerstudy flagged as credit risk on Biba Litmus Test
Markerstudy has been flagged up as a credit risk on a ‘litmus test’ of unrated insurers by the British Insurance Brokers’ Association.
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
Charles Manchester on brokers using unrated insurers
Brokers are regulated by the Financial Conduct Authority, so they don't really come into contact with the Prudential Regulation Authority, which is primarily concerned with the soundness of insurers, ensuring protection for policyholders.
Interview: Ross Barrington, Markerstudy
Ross Barrington was recently appointed managing director of retail at Markerstudy. Will Kirkman sat down with him to discuss what lies ahead for him and the group.
Remaining Enterprise claims 'progressing rapidly', liquidator confirms
Premium claims yet to be returned to Enterprise policyholders will "progress rapidly" over the coming weeks, liquidator Freddie White has confirmed.
FSCS refunds 75% of Enterprise customers
Three out of four former policyholders of Enterprise have been compensated by the Financial Services Compensation Scheme.
Post Power List 2017: Samantha Barrass
CEO, Gibraltar Financial Services Commission
Enterprise liquidator passes motor claims handling to Gallagher Bassett
The liquidator for failed insurer Enterprise has handed over its motor claims handling to Gallagher Bassett from its previous handler.
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.
Gibraltar Finance meets China captive committee in Beijing
Representatives from Gibraltar Finance attended a new captive committee in Beijing earlier this month.
Gibraltar insurer stops writing business ahead of Brexit
Gibraltar-based Horizon Insurance has ceased renewing and accepting new motor policies in the wake of the Brexit vote.