Taxi Driver Online :: View topic - enterprise insurance gone bust?

At the moment yes you are still insured. We are still waiting on an update on the situation. If there are any further changes on the situation we will be in contact with you.

Kind Regards,

“Wrightway has committed to helping its broker clients deal with affected policy-holders and, with this in mind, Wrightway has decided to make an ex gracia payment to its brokers to pass onto their policy holders which is equal to the value of the premiums from now until the end of their current policy contracts,”

A casualty of a collapse in the pound following Brexit vote ?

My policy is with enterprise.

I have just spoken to our broker. We are still insured but enterprise are not taking on any new business.
Lets hope I don't have to make a claim before my renewal just in case.

Author:	wannabeeahack [ Sun Jul 24, 2016 7:57 pm ]
Post subject:	enterprise insurance gone bust?
taxi centre insurance (aka Milestone) use Enterprise anyone heard anything?

Author:	edders23 [ Mon Jul 25, 2016 5:05 am ]
Post subject:	Re: enterprise insurance gone bust?
If you were insured through them you should have had a letter

Author:	grandad [ Mon Jul 25, 2016 8:49 am ]
Post subject:	Re: enterprise insurance gone bust?
My policy is with enterprise. I have not heard anything.

Author:	wannabeeahack [ Mon Jul 25, 2016 10:57 am ]
Post subject:	Re: enterprise insurance gone bust?
had a reply from Milestone/taxi centre Quote: At the moment yes you are still insured. We are still waiting on an update on the situation. If there are any further changes on the situation we will be in contact with you. Kind Regards,

Author:	wannabeeahack [ Mon Jul 25, 2016 10:58 am ]
Post subject:	Re: enterprise insurance gone bust?
Enterprise Insurance Company PLC (the Company) would like to inform its policy holders that it has requested the Gibraltar Financial Services Commission (GFSC) to suspend its authorisation to write new insurance business. As part of this request, the GFSC has also issued a Direction to preserve the assets of the Company. Enterprise has been under close supervision from the GFSC due to concerns about Enterprise’s financial position. Very recently Enterprise provided the GFSC with an independent assessment of its financial position. This assessment demonstrated a significant deterioration in the Company’s position and that Enterprise is insolvent. The shareholders of the Company have been unable to contribute additional capital into the company, and in the interests of policyholder protection the Company has requested that the Commission takes steps to control the activities of the Company including issuing winding-up proceedings. The GFSC is now taking steps to issue winding up proceedings with the cooperation of Enterprise to present a petition for the winding up of the Company. It is the intention to issue an application for the appointment of a provisional liquidator. The GFSC is taking appropriate steps to protect policyholders. The GFSC is notifying the European Insurance and Occupational Pensions Authority (EIOPA), and the relevant financial services regulators and compensation schemes in France, Italy, Greece, Norway, Ireland and the UK, where Enterprise has written business. Enterprise is committed to keeping its policy holders as informed as possible in these difficult circumstances. For further information, please see the GFSC’s website. You can email us on info@eigplc.com or call us on 00350 200 50150

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Author:	wannabeeahack [ Mon Jul 25, 2016 11:00 am ]
Post subject:	Re: enterprise insurance gone bust?
An Irish insurance underwriting agency that wrote business on behalf of Enterprise Insurance, the Gibraltar-based insurer that ceased trading on Friday, said it would refund outstanding premiums as 14,000 Irish motorists were hit by the collapse. Wexford-based Wrightway Underwriting entered into an agreement with Enterprise Insurance in 2014 to offer motor insurance in Ireland through the Irish company’s broker network. Wrightway is ultimately owned by Zurich Insurance. Quote: “Wrightway has committed to helping its broker clients deal with affected policy-holders and, with this in mind, Wrightway has decided to make an ex gracia payment to its brokers to pass onto their policy holders which is equal to the value of the premiums from now until the end of their current policy contracts,” it said in a statement on Sunday.

Author:	edders23 [ Mon Jul 25, 2016 11:02 am ]
Post subject:	Re: enterprise insurance gone bust?
A casualty of a collapse in the pound following Brexit vote ?

Author:	grandad [ Mon Jul 25, 2016 12:25 pm ]
Post subject:	Re: enterprise insurance gone bust?
I have just spoken to our broker. We are still insured but enterprise are not taking on any new business. Lets hope I don't have to make a claim before my renewal just in case.

Author:	heathcote [ Mon Jul 25, 2016 3:30 pm ]
Post subject:	Re: enterprise insurance gone bust?
Is this company one of those who quoted cheap policies? If it is it has brought the problems of lack of financial backing upon its own head,claims were probably out stripping income and underwriters were not prepared to put more in. Companies who quote cheap premiums unless they have a large surplus from other types of insurance are asking for trouble.

Author:	wannabeeahack [ Mon Jul 25, 2016 4:00 pm ]
Post subject:	Re: enterprise insurance gone bust?
I had 3 quotes all within £20 of each other, i chose this one.... I can see all premiums going up now, this was what happened a few years ago when an Irish based taxi insurer went under, less competition so no need to be cheap

Author:	wannabeeahack [ Mon Jul 25, 2016 6:24 pm ]
Post subject:	Re: enterprise insurance gone bust?
The Gibraltar Financial Services Commission states company is insolvent and that it intends to appoint a liquidator. The Gibraltar Financial Services Commission (GFSC) has directed Gibraltar-based insurer Enterprise Insurance Company to immediately cease issuing new insurance policies. The GFSC stated that this means that it had also issued directions prohibiting Enterprise from making any payments unless authorised by the GFSC, in order to protect the assets of the insurer.

Author:	Sussex [ Mon Jul 25, 2016 6:40 pm ]
Post subject:	Re: enterprise insurance gone bust?
grandad wrote: My policy is with enterprise. I know, it's like a five year mission.

Author:	Nidge2 [ Mon Jul 25, 2016 7:56 pm ]
Post subject:	Re: enterprise insurance gone bust?
grandad wrote: I have just spoken to our broker. We are still insured but enterprise are not taking on any new business. Lets hope I don't have to make a claim before my renewal just in case. You'll be covered by the MIB won't you?

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