Unlicensed firm ‘cloned’ FCA-authorised broker Sunderland Marine Mutual Insurance
The FCA has issued a warning about a fake ‘clone’ broker called LGS Commerce Insurance.
The clone firms use the details of genuine, FCA-authorised companies, such as their websites, names, addresses of FCA registration numbers.
LGS is a clone of FCA-authorised broker Sunderland Marine Mutual Insurance Company Limited.
The FCA said that Sunderland has no association with the fake firm.
This is the second warning about a fake insurance firm issued by the FCA within a week.
Last week the regulator warned about Zelomit, a clone broker of FCA-authorised broker Saffron Insurance Services.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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