Liquidator warns Enterprise may not be able to pay claims

money-flickr

Calls on policyholders to seek new cover as he is uncertain the business has enough assets to pay claims.

The liquidator dealing with the collapse of Gibraltar-based insurer Enterprise Insurance has warned that the business may not have enough assets to pay claims.

He also recommended that policyholders visit their broker to organise new cover.

The insurer was ordered to stop writing new business by the Gibraltar regulator earlier this week.

Uncertain
Sister title Post reported that Frederick David John White of Grant Thornton, who is overseeing the liquidation, stated: ""Insurance policies issued by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: