London Market: Lloyd’s Launches New Contract Checker Tool
Lloyd’s has launched a new software tool to improve the quality of insurance contract review across the world. The tool, Contract Confidence, uses advanced search [...]
regulatory
Regulatory: Wellington Management Joins ABI as Associate Member
The ABI is pleased to announce that Wellington Management has become its latest associate member. Wellington Management serves as an adviser to clients in over 60 countries [...]
Corporate: Guernsey Win-Win with Hybrid Insurance/Investment Licence
Innovations including the introduction of 30-day rollover and the introduction of the ‘hybrid’ – a combined licensed insurance company and a regulated investment fund [...]
UK Industry Develops Anti-Fraud Database, 11 Insurers Sign Up
A key milestone has been reached in developing an industry-wide counter fraud intelligence sharing platform today, as 11 market-leading insurers gained access to the [...]
Regulatory: FCA Ban For Martins Brokers’ Terry Farr
The Financial Conduct Authority (FCA) has prohibited former Martins Brokers (UK) Ltd (‘Martins’) broker Terry Farr from performing any function in relation to any [...]
Regulatory: FCA Warns GI on Providing Value Throughout Distribution Chain
Insurance is a product that is often sold on commission, or has two or three companies involved in underwriting risk, managing a broker network or working with comparison [...]
Broker Update: BIBA Warning on Bigger FSCS Levy Bills This Year
The British Insurance Brokers’ Association (BIBA) is warning members to prepare for an additional Financial Services Compensation Scheme (FSCS) levy bill which is due to [...]
Insurance Regulation: FCA Reminder onApproved Persons Regime
The Financial Conduct Authority (FCA) today reminds insurance firms that are required to submit a conversion notification form to convert relevant individuals from the [...]