Brokers are regulated by the Financial Conduct Authority, so they don't really come into contact with the Prudential Regulation Authority, which is primarily concerned with the soundness of insurers, ensuring protection for policyholders.
The Financial Conduct Authority has fined five individuals and two firms a total of £15.5m for their part in a market failure that left hundreds of solictors without valid cover.
Liability adjuster The Quest Partnership has been appointed to handle liability claims following the failure of Latvian insurer Balva.
The Financial Services Compensation Scheme has said it will step in to help policyholders of Latvian insurer Balva.
Latvia’s Financial and Capital Markets Commission has withdrawn all operating licences for insurer Balva and issued a winding up order for the Riga-based firm.
The European Commission said today that Latvia is a good candidate for euro adoption, having successfully overcome its macroeconomic imbalances.
Will the recent Balva scandal have any bearing on the future of European passporting rights. Francesca Nyman investigates.
JLT Specialty has warned law firms insured by Balva to take swift action or risk being left in the lurch at renewals.
The top five stories from www.insuranceinsight.com over the past seven days.
Latvia‘s Financial and Capital Market Commission has temporarily suspended all licences issued to AAS Balva.
Latvia‘s Financial and Capital Market Commission has temporarily suspended all licenses issued to AAS Balva.
The Solicitors Regulation Authority is writing to legal firms holding professional indemnity policies with Latvian insurer Balva after it was barred from writing new business in the UK.
If Latvia has its way it will become the 18th member of the Eurozone by the end of 2014. But as the country's institutions prepare to trade lats for euros, what are the implications for its insurance market?
As European Union members get closer to introducing the Directive on patient mobility Edmund Tirbutt asks how private medical insurers are tackling fraud in health care.
Guernsey has signed tax information exchange agreements with Italy and Latvia in an effort to increase transparency with the two European Union member states.
The Vienna Insurance Group has posted a 7% increase in profit for the first half of 2012 compared to 2011, helped by a 13% growth in profit from Central and Eastern Europe.
Some view Central and Eastern Europe as behind Western Europe, but bancassurance could help to change this. Thomas Schöllkopf takes a look at the motives and opportunities for growth offered by this alternative sales channel.
The acquisition of 123 in Ireland last year and growth across central and emerging Europe has helped RSA to report further growth in quarter three of 2011.
The Supervisory Board of Donau Versicherung AG Vienna Insurance Group has appointed Johanna Stefan to the positions of chairwoman of the managing board and general manager, with effect from 1 June 2012.
Latvia’s insurance market is young and has been hit hard by the global recession, Tara Kneafsey, CEO of RSA Latvia, Balta, talks to Stephanie Denton about how the market has been able to innovate and how holding rates will be crucial to future survival.
Insurance Insight September is now live with an in-depth interview RSA’s Latvian CEO Tara Kneafsey, a review of the Danish insurance market, and an analysis of where the best place is to headquarter a European insurer.
Dr Jochen Messemer, ERGO Versicherungsgruppe AG board member responsible for international operations answers Insurance Insight's questions.