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Wholesale brokers in the clear following FCA probe

2019-02-20T07:46:00+00:00

The Financial Conduct Authority has found no evidence of “competition concerns” following its wide-ranging study into broker activities in the London wholesale market in a massive win for market brokers.

FCA London market

$6bn+ now written in London through broker facilities

2019-02-20T10:37:00+00:00

£4.8bn ($6.2bn) of gross written premium in the London market is now placed through facilities operated by brokers, according to a wide-ranging study by UK regulator the Financial Conduct Authority (FCA) published today.

Lloyd's and Willis building

FCA probe findings evidence of broker value: Liiba’s Croft

2019-02-20T09:14:00+00:00

The findings of the newly-released final report into the FCA’s wholesale insurance broker review has provided insurance intermediaries with a “clean bill of health”, the CEO of the London and International Insurance Brokers’ Association has said.

Maiden-Bermuda-share-price

Maiden faces class action lawsuit over AmTrust relationship

2019-02-11T23:43:00+00:00

A class action lawsuit has been launched against Maiden Holdings alleging the reinsurer and some of its former officers misled investors over underwriting and risk management controls relating to its reinsurance of AmTrust.

NotPetya Lloyd's

PRA orders Lloyd’s and UK insurers to develop silent cyber action plan

2019-01-31T09:11:00+00:00

UK insurers have been instructed by the Prudential Regulation Authority (PRA) to develop detailed plans setting out how they are reducing their exposures to so-called silent cyber losses.

Lloyd's Full underwriting room

Lloyd’s reveals plan to update TPA oversight

2019-01-31T11:50:00+00:00

Lloyd’s has revealed plans to update its oversight of third-parties by implementing a new risk-based approach, streamlining procedures and tightening the controls on claims administrators.