Posted inGUERNSEY NEWS

Investigation launched after collapse of insurance firm: Hole in balance sheet worth “many millions”

The Guernsey Financial Services Commission is now investigating what went wrong, while policyholders face serious uncertainty and being left out of pocket. GBG Insurance Limited has been placed into administration, with impacts that will ripple around the world. In March the directors approached the GFSC to tell them that “despite the audited accounts showing the […]

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