Gable challenges PwC in Liechtenstein court
Insurer criticises the way PwC is handling the special administration of the company.
Gable Holdings has issued a strongly worded statement and highlighted that it had challenged PwC Switzerland's appointment as Gable Insurance's administrator in the Liechtenstein Court.
The statement on 14 November reported that Gable Holdings had been prohibited from participating in a shareholder meeting about Gable Insurance, a move it described as "illegal".
Gable also said it had been in the process of negotiating with two independent parties interested in injecting additional capital into
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Premium finance charges as high as 37% but dropping overall – report
Pearson Ham has found average premium finance costs for motor and home insurance fell over the last year but also revealed charges as high as 36.8%.
Home insurance stays in the red at 118% NCR with more losses to come – EY
The UK home insurance industry delivered a loss-making net combined ratio of 118% in 2023, worse than predicted with more red ink to follow in 2024, according to EY.
Beazley targets financial institutions with combined cover consortium
Specialist insurer Beazley has launched a new consortium providing combined civil liability, crime/fraud and cyber cover for financial institutions.
Blog: Martyn’s Law – implications and opportunities for brokers
Legal experts Polly Sayers and Jonathan Edwards of HCR Law take an overview of Martyn’s Law sharing practical steps brokers can take as it progresses through Parliament.
People Moves: 14 – 18 October 2024
Follow the latest insurance personnel moves.
Mission notches up 25th MGA partner with Carrow launch
A new warranty, accident and health MGA Carrow is set to launch with the backing of Mission Underwriters.
Industry reacts to government motor task force
The wider insurance market has given a mixed reaction to the UK government’s motor task force, with its industry-led approach questioned, but experts note it is a step forward.
CII institute pushes back into the operating black
The institute arm of the Chartered Insurance Institute Group returned to operating profit in 2023 with a £745,000 surplus after three years of red ink.