Financial & insurance insolvencies

Financial services, insurance and fund management firms range from brokers and lenders to insurers and investment managers. Many are regulated, hold client money, or carry liabilities that must be matched by capital and reserves.

Failures here often come from under-reserving, bad lending, conduct liabilities or the loss of regulatory permissions, rather than a simple cash shortage. Because client money and policyholders can be affected, these insolvencies draw close attention from regulators and creditors.