Groupama Insurances is to follow the FSA's approach to the co-mingling of client monies.
The company's new Terms of Business Agreements due later this year will include a non-solicitation clause, said Groupama.
Groupama head of distribution and customer services director Amanda Blanc, said: “The FSA's process of consultation has been very thorough in sorting out the detail surrounding these issues.
“We are now happy to confirm that we have formalised our approach to non-solicitation and that we will also permit co-mingling.”
In the case of substantial scheme accounts, Groupama said expects individual arrangements to be agreed with the intermediaries involved.
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.
