The FSA is putting together a team to conduct pre-authorisation visits of brokers. According to an insider, the regulator is pulling new supervisors into a specialist team to visit larger brokers before they receive 'minded to authorise' letters. "This will be the litmus test before regulation begins," the source said.
Marsh, Willis, Aon and Alexander Forbes are among the companies to confirm they have received a pre-authorisation visit.
The source said the FSA had asked one firm to "prove its solvency and provide financial projections going forward".
An FSA spokesman said the visits were conducted when the FSA had a question "beyond the application form". "It is a check to see if they meet the threshold conditions," the spokesman said.
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.
