MCE: Edwards hits out at administrator over MTA u-turn

Julian Edwards, MCE

MCE CEO, Julian Edwards has hit out after his Gibraltar insurance business, which went into administration last month, was told it could no longer offer mid-term adjustments to existing customers.

Insurance Age has seen correspondence that shows that administrator, Kroll, informed the business yesterday (2 December) that: “The position has changed in that the Joint Administrators require no further midterm adjustments to be processed. 

“This is to limit the potential exposure of the MCEic to

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