’Orderly run-off’ planned for Gibraltar-based Elite
Gibraltar-based insurer Elite has stopped writing new business and has entered run-off.
The company said that all policies issued to date will remain in force and policyholders would not be affected.
It added that all claims should continue to be submitted to the company’s claim handling agents.
Elite chief executive Jason Smart said: “Elite has today taken the decision to cease writing new business. The board is confident that it will be able to conduct an orderly run-off and is working with its advisors to ensure that obligations to policyholders and other creditors will be satisfied in full.”
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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