Troubled Liechtenstein insurer Gable was the second insurer this year to be placed in administration due to its inability to raise sufficient capital to be solvency II compliant.
This highlights the risks to brokers and their clients of placing business with an unrated insurer.
Brownhill Insurance Group would like to reassure our clients that we only use rated and trusted carriers who we know to be financially stable and secure and are both regulated by the FCA and protected by the FSCS.
We have a duty of care to our clients, to ensure that they are never put in the position of having their insurance provider go into administration or being unable to pay claims.
Update: Liechtenstein court appointed liquidator for Gable Insurance on 17 November. www.insuranceage.co.uk/insurance-age/news/2478129/gable-now-in-default-states-fscs