11th November 2016
FSCS is aware that the special administrators of Gable Insurance AG, a Liechtenstein insurer, have issued an instruction to the UK agents of the firm to suspend paying claims whilst the firm’s financial position is investigated further.
Following a court hearing which took place in Liechtenstein on Wednesday, a shareholders’ meeting has taken place today (11th November).
FSCS is monitoring the position closely, including a further court hearing on Monday next week, and is in discussions with the Special Administrators. We have not yet declared the firm in default.