Regulation – Page 109
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NewsInsurance Act architect: how new law will change the industry
David Hertzell reflects on Insurance Act’s genesis and explains what happens next
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NewsInsurance Act will bring pain and gain for brokers while dust settles
Brokers will face teething troubles but will also benefit from Insurance Act
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NewsAnalysis: Insurance Act could be boon for brokers
Brokers not fully prepared for today’s introduction of the Insurance Act
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NewsInsurance Act: Hiscox's claims pledge to clients and brokers
Response to Insurance Act unveiled by Lloyd’s insurer Hiscox
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NewsInsurance Act: Industry braces for “massive change”
Industry explores what happens next as Insurance Act takes effect
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NewsAirmic: brokers and insurers ready for Insurance Act
Market has risen to Insurance Act challenge, risk managers say
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NewsHastings: UK/Gibraltar link will survive Brexit
Insurance reassures market about post-Brexit trading
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NewsFCA sets deadline for new renewal transparency rules
New rules include an additional requirement following consultation
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NewsFCA fines Quindell adviser Cenkos £530,500
Adviser did not check properly whether Quindell was eligible for premium listing, regulator said
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NewsAnalysis: Probing FCA's Project Innovate
The FCA launched Project Innovate to help new technology and new products navigate the byways of regulation. We look at how it works, how effective it is and what’s new. What is it? Project Innovate was launched in November 2014 to foster competition and growth in ...
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NewsAnalysis: Licence to stand still - why the FCA is taking so long to approve broking bosses
The regulator is asking more questions of individuals and firms. New appointments kept waiting for months for the green light
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NewsFCA: PPI complaints deadline should be June 2019
New consultation launched on PPI complaints handling rules
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NewsEnterprise liquidator advises policyholders to arrange new cover
The provisional liquidator of failed Gibraltar insurer Enterprise has advised policyholders to seek alternative cover. Frederick White, who was appointed provisional liquidator on Monday, said: “Insurance policies issued by Enterprise have not been cancelled or disclaimed but I am unable to currently pay any claims arising ...
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NewsFCA probing former Quindell adviser Cenkos
Stockbroker Cenkos Securities has admitted that it is being investigated by the FCA following press reports that it faces a fine from the regulator over its work for insurance outsourcer Quindell. Cenkos was the house broker and nominated adviser for Quindell, now known as Watchstone, up ...
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NewsEnterprise's liabilities could exceed assets by up to £18m - reports
The liabilities of failed Gibraltar insurer Enterprise could exceed its assets by as much as £18m, according to reports. The Gibraltar Financial Services Commission (FSC) last week ordered Enterprise to stop writing new business after the company admitted to being insolvent. The Supreme Court has now ...
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NewsElite to set up Luxembourg unit to combat Brexit
Gibraltar-based insurer Elite has chosen Luxembourg as the location for its second insurance company, which it is setting up to counter the effects of Brexit. The company said last month that it was planning to set up a new regulated insurance company in the European Union ...
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NewsMPs renew call for FCA split
Senior MPs have said there is a case for splitting the FCA into separate supervisory and enforcement bodies. The call for a split was published in a Treasury Committee review of the 2008 failure of banking group HBOS. The committee said the existing system, where supervision ...
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NewsERS swoops to rescue Enterprise Insurance's fleet customers
ERS has come to the rescue of policyholders whose insurance policies where underwritten by collapsed insurer Enterprise through the MGA Andeva. In a statement today ERS said it had “stepped up to support brokers” following the news that the Gibraltar Financial Services Commission (GFSC) last Friday ...
