On 14 October 2025, the Gibraltar Financial Services Commission (GFSC) announced that Premier Insurance Company Limited (Premier Insurance) had entered administration.
Update: Policies end on 1 December 2025
The joint administrators plan to end policies on 1 December 2025. This means customers must arrange alternative valid insurance cover for their vehicles.
Make sure you have valid insurance cover for your vehicle.
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[1].
Premier Insurance is an insurer authorised and regulated by the GFSC[2]. 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[3] 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)[4].
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.
The joint administrators plan to end (disclaim) policies on 1 December 2025.
If you’re affected, your broker will contact you directly to discuss options for arranging alternative cover.
Motor insurance is compulsory. It is an offence to use your vehicle without it.
Make sure you have valid insurance cover for your vehicle – if you are not sure if your cover is affected, contact your broker.
If you need help to secure cover, you may wish to contact your existing broker or the British Insurance Brokers Association (BIBA)[5] who can provide details of brokers that may be able to help you.
Disclaimed policies
The joint administrators have chosen to formally end remaining insurance policies on 1 December 2025 as part of the administration process. This can happen during insolvency proceedings.
Your broker may have contacted you about this already to explain what steps you need to take. If not, you may wish to discuss this with your broker.
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:
- Website: www.grantthornton.gi[3]
- Email: [email protected]
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.
