Unrated insurers
Biba's Steve White on unravelling unrated insurers
I spent a large part of the last quarter of 2016 visiting the British Insurance Brokers' Association regions and talking to the advisory boards and committees as we usually do as part of our manifesto preparations.
Brightside's Mark Cliff on why chaos is needed for success
Chaos is needed for some highly successful brokers to emerge during 2017
This week in Post: Unrated insurers and reasons to detox
The sallow, downbeat faces of my colleagues today can only mean one thing: it’s the morning after the staff Christmas party.
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.
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.
The rise and fall of Gable – where does this leave brokers?
The Liechtenstein-based insurer entered administration last month
Solicitors' PI: Unrated insurers – is it the long goodbye?
They may be dwindling in number, but no one knows if the end of unrated insurers in the solicitors' professional indemnity market is near
Iprism strikes deals with QBE and Gallaghers after Gable pulls two lines mid-term
Liechtenstein-based insurer Gable Holdings has exited the tradesmen and high-net worth household lines of business it offered through the Iprism Underwriting Agency portal mid-term.
Elite to stop writing solicitors' PII as falling rates take a toll
Unrated carrier Elite Insurance is withdrawing from the English and Welsh solicitors’ professional indemnity insurance market.
Thousands of policyholders see refund from Iceland-based Eric
More than 2600 customers of the failed Iceland-based insurer European Risk Insurance Company (Eric) have received premium refunds from the Financial Services Compensation Scheme.
Unrated German firm Berliner in default
The Financial Services Compensation Scheme is discussing the failure of German insurer Berliner with its liquidator after it was declared to be in default on 28 August 2015.
C-Suite - Broker: The cost of caring
After high-profile reports of abuse in care homes, have they really become uninsurable?
Elite offering PII to MROs as Medco minimum cover requirement is set at £1m
Unrated insurer Elite Insurance has “leapt to the aid” of medical reporting organisations that want to be considered for the Medco portal by offering professional indemnity cover.
Former Lemma director found murdered
A former director of collapsed unrated insurer Lemma has been found murdered at his home in the Ukraine.
Research: State of the Broking Nation Part 1: Insurers
A warts-and-all qualitative view from the broking market
C-Suite - Broker: Groundhog day
The continued use of unrated insurers in the solictor’s professional indemnity market is concerning
Unrated insurers set for reduced share of solictors’ PI market as renewals loom
Law firms becoming ‘increasingly aware of unrated security issues’
Unrated carrier behind independent midwives PI solution
The capacity behind a commercial professional indemnity insurance solution for independent midwives is being provided by an unrated Gibraltan carrier, Post understands.
Elite points to profits of £7m and £115m GWP in past year
Elite Insurance has unofficially calculated profits before interest and tax of £7m and gross written premium upwards of £115m for the 12 months to 31 March 2014.
IIG to offer rated solution to brokers placing demolition risks
Incorporated Insurance Group has launched a demolition contractors’ liability scheme in a bid to support brokers who have previously been forced to delve into unrated markets.
FSCS offers reassurance to defaulted Eric's UK policyholders
The majority of the European Risk Insurance Company’s UK policyholders are expected to be covered despite the unrated carrier going into default, according to the Financial Services Compensation Scheme.
Unrated insurers tighten grip on solicitors' PI market, states report
Unrated carriers have consolidated their market share within the solicitors’ professional indemnity arena, according to an annual study by the Law Society.
Eric-insured flood victim denied payout
A Wiltshire flood victim has been denied an insurance payout because the policy was underwritten by unlicensed Icelandic insurer European Risk Insurance Company.