Premier Insurance Company Limited enters administration

On 14 October 2025, the Gibraltar Financial Services Commission (GFSC) announced that Premier Insurance Company Limited (Premier Insurance) had entered administration.

To avoid future potential claims not being fully covered, customers of the firm should consider securing alternative motor insurance as soon as possible.

Read the GFSC announcement.

Premier Insurance is an insurer authorised and regulated by the GFSC. It operated in the UK on a freedom-of-services basis which means some UK customers hold policies with the firm. Policies were sold in the UK through various insurance brokers via the firm’s UK-based intermediary, Premier Underwriting Ltd.

On 14 October 2025, the company was placed into administration, following an application to the Supreme Court of Gibraltar. 

Freddie White and Bradley Chadwick of Grant Thornton have been appointed as joint administrators for the company.

The company, which predominantly wrote car and motorcycle insurance policies for UK customers, stopped writing new insurance in January 2025.

All customers continue to have motor insurance cover currently. However, depending on the type of policy you hold, some claims may not be covered to 100%.

This announcement relates specifically to Premier Insurance Company Limited, which is a Gibraltar-based insurer.

It does not relate to Premier Underwriting Limited or other UK-based firms with similar names.

Next steps for customers

Eligible UK customers of Premier Insurance are protected by the Financial Services Compensation Scheme (FSCS)

Make sure you are covered

For all customers, your policy will not be renewed when it comes to an end.

This means you’ll need to arrange new insurance before your current cover expires to make sure you stay protected.

If you need help to secure cover, you may wish to contact your existing broker or the British Insurance Brokers Association (BIBA) who can provide details of brokers that may be able to assist you.

Disclaimed policies

The joint administrators may choose to formally cancel some insurance policies as part of the administration process. This step can happen during insolvency proceedings.

If this happens and your policy is affected, the joint administrators will:

  • Tell you in advance.
  • Explain what steps you need to take.

Who to contact if you’re a customer

Customers of Premier Insurance can contact their existing broker with any policy or claims queries as usual. 

For questions about the administration, contact Grant Thornton:  

Common questions

Be alert to scams 

All customers should stay alert to the possibility of fraud.  

If you get an unexpected phone call from someone claiming to be from Premier Insurance, Premier Underwriting Limited or Grant Thornton, end the call and phone back using the number above.