GBG Insurance collapses after finding ‘many millions of pounds’ of assets did not exist – updated

Global Benefits Group (GBG) Insurance Limited has fallen into administration after a last-ditch bid to rescue the international private medical insurance (IPMI) provider collapsed from a multi-million pound financial blackhole resulting in a shortfall in capital.   UPDATE: Health & Protection has since confirmed that only GBG Insurance Limited, which provides individual and group policies