Unrated Insurers: Cautionary Tales From 2016

06 February 2017

If 2016 is to be remembered for anything - and for many in the insurance industry it’s a year they’d sooner forget – it will perhaps be as the year that unrated insurers were revealed as potential Achilles’ heels. With the demise of companies such as Gable and Enterprise, and the significant disruption and distress their failures entailed, it reminded all at CUL, were such a reminder required, as to why we insist on only dealing with insurers with excellent ratings. The fallout of these failures was significant, both for brokers and for customers, and we are relieved to be able watch events unfurl as concerned, but unaffected, spectators.