GE Capital's reinsurance arm Ireco is under scrutiny for its role in providing reinsurance cover to Independent Insurance shortly before its collapse into voluntary liquidation.
Forensic accountants are reported to be examining the complex details of the reinsurance contracts which provided Independent with £278m of cover for a premium of £110m.
The investigators are understood to be probing why Ireco, which has declined to comment on the issue, agreed to the deal.
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.
