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Enterprise Insurance, which has around 14,000 private motor customers inIreland, bust

  • 22-07-2016 6:07pm
    #1
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,494 ✭✭✭✭


    The Gibraltar-based Enterprise Insurance, which has around 14,000 private motor customers in Ireland, has ceased trading.

    It is understood the insurer had become insolvent and was unable to secure additional funding.

    Motor insurance policyholders here, who bought insurance through the broker network, may be affected.

    Any policyholder who has concerns about their policy is advised to contact their broker in the first instance.

    The Gibraltar Financial Services Commission (GFSC) - which regulates the company - announced it is seeking to appoint a liquidator to the insurer.

    The Central Bank said it was notified by the GFSC today that it is taking steps to wind up Enterprise.

    http://www.rte.ie/news/business/2016/0722/804185-enterprise-insurance/

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