Public Statement by the Gibraltar Financial Services Commission announcing that Elite Insurance Company Limited has been found to be "insolvent" and was "placed into Administration on 11 December 2019".
After the loss of a major lawsuit, Stirling Cooke Brown Insurance Brokers Ltd. has gone into administration in the United Kingdom.Paul Evans and Dan Schwarzmann, of PricewaterhouseCoopers, were appointed joint administrators on July 17, 2003 - nine days after a judgment in a U. K. High Court action filed by Sphere Drake Insurance.