Broker also had shortfalls in client account
An administrators’ report has revealed that Castle Personal Insurance Brokers had shortfalls in its client money account and owed creditors about £6.4m after it stopped trading in April this year.
According to the report by administrators Harrisons in July, Bateman said Castle’s downfall was partly down to staff leaving the firm and taking £234,000 of business with them.
The report said Castle had more than 180 creditors, the biggest being Aviva, which was owed about £1.03m.
Castle also had shortfalls in its bank accounts, including its statutory trust and client accounts.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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