HC Deb 20 January 1967 vol 739 cc150-2W
Mr. Oakes

asked the President of the Board of Trade what immediate steps he is taking with regard to existing motor insurance companies to prevent further failures of such companies as has happened with the Fire, Auto, Marine Insurance Company Limited and the London and Cheshire Insurance Company Limited, in order to protect the motorist.

Mr. Jay

I shall make use, where appropriate, of the powers under the Insurance Companies Act, 1958. In the Companies Bill I am seeking wider powers of supervision over insurance companies.

Mr. Oakes

asked the President of the Board of Trade how many motor insurance companies carrying on business in the United Kingdom have a paid-up share capital of less than £100,000; and whether he will publish in the OFFICIAL REPORT the names of such companies.

Mr. Darling

According to the latest information available to the Board of Trade, 34. The names of the companies are as follows:

  • American Officers Insurance Co. Ltd.
  • Army, Navy & General Assurance Association Ltd.
  • British & European Insurance Co. Ltd.
  • British Equitable Assurance Co. Ltd.
  • Carriage Insurance Co. Ltd.
  • Craven Insurance Co. Ltd.
  • Essex & Suffolk Insurance Co. Ltd.
  • Europa Private Insurance Co. Ltd.
  • Falcon Insurance Co. Ltd.
  • Farmers' Finance & Insurance Office, Ltd.
  • Federated Employers Insurance Association Ltd.
  • Fine Art & General Insurance Co. Ltd.
  • Halifax Insurance Co. Ltd.
  • Irish-American Insurance Co. Ltd.
  • Law Accident Insurance Society Ltd.
  • Leadenhall Underwriting Agency Insurance Co. Ltd.
  • Liverpool Insurance Society Ltd.
  • Local Government Guarantee Society Ltd.
  • London & County Insurance Co. Ltd.
  • Metropolitan & Northern Counties Insurance Co. Ltd.
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  • *Municipal Mutual Insurance Ltd.
  • *National Employers' Mutual General Insurance Association Ltd.
  • *National Farmers Union Mutual Insurance Society Ltd.
  • National Insurance Co. of Gt. Britain, Ltd.
  • Paramount Insurance Co. Ltd.
  • Royal Scottish Insurance Co. Ltd.
  • Scottish Metropolitan Assurance Co. Ltd.
  • South Yorkshire Motor Insurance Co. Ltd.
  • Tower Insurance Co. Ltd.
  • Transport Indemnity Insurance Co. Ltd.
  • Warwick Insurance Co. Ltd.
  • West of Scotland Insurance Office Ltd.
  • Western Australia Insurance Co. Ltd,
  • Westminster Motor insurance Association Ltd.
  • *Mutual company without a share capital.