Milburn CEO McIntosh banned by PRA after failed PI insurer fined £2.86m
The Prudential Regulation Authority has today imposed a £25,173 fine on Colin McIntosh, CEO of Millburn Insurance and has banned him from holding any controlled functions at any PRA-authorised firm.
The PRA has also fined Millburn £2.86m for failing to run the business with due skill, care and diligence between 26 December 2010 and 18 September 2013.
The regulator noted that in late 2010
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