Regulation – Page 73
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NewsFCA responds to staff misdemeanours amid leaked letter storm
Some believe the way the FCA has been treated in response to the internal leaked letter is unfair
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News‘Overflowing bins, stealing plants, verbal abuse’: FCA COO ‘ashamed’ in leaked letter
Leaked letter details FCA staff misdemeanours at firm’s Stratford headquarters
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FeaturesPensions advice scrapped as firms fail to secure PI cover amid rising premium rates
Financial services firms are stripping back services as skyrocketing professional indemnity costs tie advisers’ hands
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NewsPI insurer stops writing business for IFAs
Another PI insurer has stopped writing business for IFAs due to a tough market
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NewsSwiss Re bemoans Brexit uncertainty as biggest economic threat
The concern centres on the uncertainty that remains over the future direction of Britain, which in turn is dampening the economic outlook
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NewsBiba calls for flood defence spending pledge
Some communities in the north of England have been devastated by floods in recent days
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NewsZego first UK insurtech to be awarded insurance licence
It will allow the insurtech to sell its own products, the news is a positive development for the sector
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NewsDue diligence for cyber risk “good” or “excellent” say 23% private equity professionals – Mactavish
Some respondents in the survey believed that cyber cover was too expensive listing this as the main obstacle to obtaining it
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NewsSIB says brokers must be prepared to provide customised cyber cover
The professional body has recommended what brokers can do to tailor cyber cover
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News AnalysisInsurers warned they face threat of regulatory reserving probes
PRA warns of pressure on management to deliver results ahead of adequate reserving
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News AnalysisFCA seeks to level the playing field of dual pricing
The FCA aims to combat dual pricing within the car and home insurance sectors, yet what are the wider market implications of policies such as scrapping auto-renewals? Insurance Times investigates.
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Online only‘Clients are beginning to see the power of our combined firm’ – Marsh boss on JLT
Clients are beginning to see the power of the combined firm, said Marsh chief executive
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NewsAon seeks Irish move amid Brexit fears
Aon will still operate from London, despite the decision to create an irish parent company
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NewsInsurance cover fears increase for buildings still using Grenfell cladding
There are concerns that over 20 high risk residential buildings under private ownership have yet to remove aluminium cladding
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Breaking NewsBiba launches Brexit website to help brokers navigate potential perils
Brokers’ association aims to highlight the potential impacts of a no-deal Brexit for the insurance broker community
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Online onlyCalls for ‘whiplash Brexit’ extension grow
There are fears that the government is determined to meet the implementation deadline, ready or not
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NewsWill plans to extend fixed recoverable costs keep the insurers up at night?
Rob Williams, head of insurance at Weightmans, outlines the potential red flags emerging from the MoJ’s FRC consultation
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Online onlyInsurers accused of ‘rank hypocrisy’ over pre-medical settlements
Despite the use of pre-medical settlement offers set to be outlawed in April 2020, insurers are still using the system to reduce compensation payments
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NewsNearly half of brokers unaware of SMCR – Ecclesiastical
Once the legislation was explained to brokers the majority agreed that senior individuals at their firms should be made directly accountable for their actions
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Online onlyArdonagh ‘very pleased’ as judge dismisses most of Gallagher’s claims
Chairman John Tiner describes the whole episode as ‘unfortunate’
