Unrated insurers
Opinion: Who would believe it? When unrated is “good”
Roger Flaxman finds lessons for brokers in a fascinating £100,000 case where a firm faced litigation for not using unrated insurers.
Broking Break - Your Top Five
In a busy week for news brokers wanted to read about potential deals, premium finance, senior departures from insurers and the "crack cocaine" of insurance.
Premium Credit reviewing Gefion position
Close Brothers to end non-recourse policies for Danish insurer’s product.
Close Brothers to end non-recourse products for Gefion Insurance
Premium finance provider will still issue recourse policies for the insurer.
Blog: Regulation and non-domiciled insurers
Nick Garner, of Financial and Legal Insurance, examines the FCA guidance on due diligence and argues that non-UK domiciled providers are not monitored with the rigour they should be.
Danish legal changes to affect FSCS-style claims come January
Another Alpha would hit UK insurers but policyholders would still be compensated.
Podcast: The top five stories of the week
Siân Barton and Ida Axling chat about the most popular stories to hit the headlines.
Alpha collapse: FSCS transfers 177,000 GAP policies
The regulator has worked with Premia Solutions to replace GAP policies following Alpha going into liquidation earlier this year.
Markerstudy supports Right Choice on £6m book after Alpha bankruptcy
Insurer picked up car and bike policies.
Broking Break – Your Top Five
It has been another jam-packed news week but which stories got your attention since the market returned to business after the Bank Holiday?
Close Brothers praises brokers as it deals with nearly 17,000 Alpha cases
Premium finance firm says working in partnership has delivered better outcomes for customers.
News analysis: Alpha collapse reignites unrated debate
As another unrated insurer fails the market debates if there is still a place for unrated providers
Alpha: Cover My Cab steps in with Gefion policies
The move follows the collapse of Danish provider Alpha which left many taxi drivers uninsured.
FSCS calls on brokers to help form response to Alpha failure
First time the body has requested market input in this way.
Unrated Danish insurer Gefion in €2m cash injection deal with shareholders
UK experts say cash injection is in response to growth as provider notes move was made to increase its solvency limits.
InsurTech start-up Zego launches private hire product in response to Alpha bankruptcy
Policy, which was launched in under 48 hours, allows private hire drivers affected by Alpha's collapse to take out 30-day cover.
Liquidation recommended for CBL Corporation
Administrators say it is in the interests of creditors for the company, which is linked to Alpha Insurance, to liquidate ahead of watershed meeting.
Podcast: The top five stories of the week
Insurance age content editor Jonathan Swift and editor Siân Barton discuss the week’s top stories for 7 – 11 May in our short podcast.
Alpha collapse causes “massive upheaval” with taxi to the fore
The unrated Danish insurer's bankruptcy has caused havoc.
Carrot moves another 9,000 clients to Aviva after Alpha collapse
Telematics specialists had started process in March and Aviva stresses it is not targeting Alpha's book.
Unrated Alpha - policies no longer in force amid bankruptcy
Cover ended on 8 May 2018.
FSCS paid claims of £16.5m to former Gable policyholders in 2017
The bankrupt insurer had 60,000 UK policyholders and was working with 12 brokers in UK.
Broking Break: Your Top 5
Axa buying XL dominated the headlines taking up two slots in the top five most read. However there was plenty more going on with an insurer going into liquidation, profits rising at Aviva and advice for brokers on GDPR.
CBL collapse pushes Danish insurer Alpha into liquidation
Alpha said that the fall was directly linked to the failure of CBL Insurance.