Tradewise Insurance Company enters voluntary run-off
New capacity deal will see UK partner Tradewise Insurance Services write motor business into 2020.
Gibraltar-based Tradewise Insurance Company has entered voluntary run-off.
The firm will stop writing any new or renewal business after 31 December 2019.
Tradewise assured customers that existing policies will continue to be serviced and all claims will be handled, and that the run-off will be handled “in a controlled and solvent manner”.
The Gibraltar Financial Services Commission (GFSC) was informed of the decision and granted Tradewise the option to enter run-off.
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