The president of the High Court has approved a payment of more than €8.3m out of the State’s Insurance Compensation Fund arising from the liquidation of  Setanta

The president of the High Court has approved a payment of more than €8.3 million out of the State’s Insurance Compensation Fund arising from the liqui(...)

The Central Bank’s move is designed to avoid a repeat of the chaos that followed the collapse of Malta-regulated Setanta Insurance in 2014 and Gibraltar’s Enterprise Insurance last year, leaving €100 million in unpaid claims. Photograph: Matt Kavanagh

Insurers authorised in other EU states who are selling motor policies here have been told by the Central Bank that they must make it clear to Irish c(...)

FBD’s  motor customers have been hit with premium rises of 50 per cent over the past three years. Photograph: Barry Batchelor/PA Wire

The issue of motor insurance was back in the news this week. On Monday, Irish-owned FBD surprised the markets by announcing a pre-tax profit of €11.4 (...)

A report has found Enterprise failed to set aside enough technical reserves to cover the risks it was insuring

A liquidator appointed to Gibraltar-based Enterprise Insurance, which was active in the Irish motor market in recent years, has found the company had (...)

Gibraltar’s supreme court appointed a liquidator on Wednesday to Enterprise Insurance, which imploded in July affecting 14,000 Irish policyholders.

Gibraltar’s financial regulator has begun a “major investigation” into Enterprise Insurance, which collapsed in July affecting 14,000 Irish policyhold(...)

It is understood that most Irish drivers insured by Enterprise have already moved their policies. Photograph: iStock

The provisional liquidator of Enterprise Insurance, the Gibraltar-based company which collapsed in July affecting 14,000 Irish customers, has warned t(...)

Zenith Insurance, the largest Gibraltar-based motor insurer in Ireland, cited Ireland’s difficult market, courts system and unhappiness with how the industry was left with the cost of the collapse of Setanta Insurance

Zenith Insurance, the largest Gibraltar-based motor insurer in Ireland, is to stop offering car coverage in this country amid soaring claims costs in (...)

Injury claims have surged in recent years, forcing Irish-regulated companies to bolster their reserves by tens of millions of euros

The largest Gibraltar-based insurer offering Irish motor coverage is accelerating its retreat from the loss-making market, in a move seen as adding mo(...)

The collapse of another European insurer – Gibraltar-based Enterprise Insurance – has again focused attention on the sustainability of the Irish motor(...)

Gibraltar is the regulatory base of 11 out of 24 foreign companies registered with the Motor Insurance Bureau of Ireland

Gibraltar, home of an insurer that collapsed last week affecting 14,000 Irish customers, is the top location for overseas companies selling motor cov(...)

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