Gable Insurance: FSCS Statement

24th October 2016

FSCS is aware of the situation with Gable Insurance. FSCS has not yet declared the firm in default. We understand the firm is in discussions with the regulator in its home country. We have been told by the special administrators PwC that the firm is currently still paying claims but we are monitoring the position. FSCS protects the UK consumers of firms that passport in from Europe.

 

Jargon Buster

  • In default

    A firm unable, or likely to be unable to pay claims against it. This will generally be because it has stopped trading and has insufficient assets to meet claims, or is in insolvency.