Gibraltar-based insurer files for liquidation

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The Gibraltar-based LAMP Insurance Company has submitted an application to the Supreme Court of Gibraltar to appoint the Official Receiver and place the company into liquidation.The Gibraltar Financial Services Commission (GFSC) said in a statement on its website that the directors have taken this action as LAMP is insolvent and has been unable to secure additional financing. The hearing date is set for 31 May 2019.  The Gibraltar incorporated company which is authorised and regulated by the GFSC provided general insurance products including legal expenses, healthcare, general and warran...

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