MSE News: Enterprise customers begin to receive compensation after insurer goes bust

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Thousands of Enterprise Insurance customers will start to receive automatic compensation for defunct motor policies over the coming days, after the Gibraltar-based company went bust....
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'Enterprise customers begin to receive compensation after insurer goes bust'
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  • magpiecottage
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    To boldly go into administration!!
  • dacouch
    dacouch Posts: 21,637 Forumite
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    I needed a fairly niche and expensive motor product this year, a few brokers quoted me with Enterprise and could not understand why I would not accept their cheap quote on the basis I never deal with Insurers based in Gibralter.

    I paid a little extra and took cover out with a UK based Insurer.
  • FlameCloud
    FlameCloud Posts: 1,953 Forumite
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    Looks like Gable is in trouble as well. Another non U.K. (Lichtenstein) insurer transacting business at the bottom end of the market.
  • csgohan4
    csgohan4 Posts: 10,587 Forumite
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    Who are Enterprise?
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • dacouch
    dacouch Posts: 21,637 Forumite
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    FlameCloud wrote: »
    Looks like Gable is in trouble as well. Another non U.K. (Lichtenstein) insurer transacting business at the bottom end of the market.

    I was warned about Gable around ten years ago, I sourced a quote from them for a demolition company that just about beat the quote my client sourced from another broker.

    My normal wholesale broker warned me that Gable were financially unstable and also the owner William Dewsall aka Billy is very well known in the industry but not for good things... (That's all I will say on him)
  • HornetSaver
    HornetSaver Posts: 3,732 Forumite
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    Thank goodness I am unwilling to do business with the AA under any circumstances.

    I trust HMRC will be selling 100% of the owners' property and investments to recoup some of the losses.

    What's that? They're legally entitled to swindle the taxpayer and enjoy their ill-gotten gains? OK, that sounds fair.
  • Quentin
    Quentin Posts: 40,405 Forumite
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    Thank goodness I am unwilling to do business with the AA under any circumstances....
    .

    Bit harsh on AA


    Unlike some brokers involved in this, AA have arranged alternative cover for all their affected clients so that they have continuous cover and don't need to do anything themselves
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