The Irish government has been warned over 500 firms could go bust as a direct response of Independent Insurance's collapse.
The Small Firms Association (SFA) has warned Noel Tracy, the junior minister, that the number of companies affected could top 500, while the Irish Hotels' Federation (IHF) has identified 24 companies in its sector that could be hurt by it.
The Policyholders' Protection Board (PPB) has so far received 141 claims from Independent's policyholders.
A PPB spokesman told Insurance Times that the total amount paid out in compensation from these claims was £1,187,216.
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.
