Insurance Broking Practice and the Law

CMS Cameron McKenna Nabarro Olswang LLP

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This chapter was reviewed in March 2025. No corrections were found to be needed. The next review of this chapter is due in September 2025.

Chapter 24 INSOLVENCY ISSUES

INTRODUCTION

24-1 A broker may have dealings, or they may have clients who have had dealings, with an insolvent insurance company; they may have an insolvent client, or the broker itself (or another broker in the broking chain) may be insolvent. This chapter considers the various insolvency procedures, dealing with corporate insolvencies only, and issues that may arise in an insolvency of:

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