Insurance collapse to affect 75,000 drivers



The advice comes from the Central Bank who stress that drivers concerned should find new policies as they are not insured following the collapse of Setanta.

The insurance firm, which was licenced by the Malta Financial Services Authority and sold car and van insurance in Ireland, had been in the process of winding up its business here since January.

However the company recently decided that a solvent run-off of the business was no longer viable and, at an Extraordinary General Meeting yesterday, decided to immediately dissolve and surrender its business licence.