Brokers are becoming increasingly frustrated with the Financial Conduct Authority, citing rising compliance costs and an overbearing regulatory regime as hurdles to growth and innovation
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.
Ross Barrington was recently appointed managing director of retail at Markerstudy. Will Kirkman sat down with him to discuss what lies ahead for him and the group.
CEO, Gibraltar Financial Services Commission
The downfall of Enterprise and most recently Gable has again raised the thorny issue of unrated insurers.
The London Fire Brigade, the anniversary of the great Fire of London and the Top 30 European insurer ranking are in the September issue of Post.
The Gibraltar Financial Services Commission has once again fallen under scrutiny after Enterprise Insurance became the third major insurer to collapse in the tax haven in recent years.
One of the investors behind insurtech start-up Guevara has warned others they will need "a lot of patience” to bear fruit in the insurance market.
Collingwood Insurance Company has confirmed private equity firm JZ International has become a majority investor in the business to help accelerate its growth plans.
Insurer frustration around the differing VAT rates incurred by UK and Gibraltar-based firms has led to calls for an industry working party to lobby government to level the playing field.
Potential for profit-making, low market penetration and a diversification away from the tough motor market are key factors in "struggling" Gibraltarian insurers looking to enter the UK pet insurance arena, commentators have suggested.
UK pet insurance premiums are forecast to reach £1.1bn by 2018 with market growth driven by rising vetinary fees, high claims costs and advances in vetinary treatment.
Market constraints that contributed to Gibraltar-based underwriter the Service Insurance Company ceasing to write business are likely to felt by motor insurers Europe-wide and not just in the UK overseas territory, the Gibraltar Insurance Association…
Several Gibraltar-based firms in danger of entering run-off are under intense regulatory scrutiny, according to market insiders, while the British overseas territory's financial watchdog says it has a number of interested parties on the hook to establish…
The chairman of Gibraltarian underwriter Service Insurance Company said UK motor market pressures and the looming Solvency II deadline in 2016 led to the firm deciding it was not "economically sensible" to continue operating.
Smaller motor insurers line up to leave market as EU capital‑raising measures loom
The Gibraltar government today confirmed that it had received written confirmation from the UK Treasury, for Part VII transfers to go ahead.
Southern Rock Insurance Company has become the latest member of the Insurance Fraud Bureau.
Regulator finishes eight-week consultation on possible ‘B’ minimum.
Gibraltar’s insurance industry has had a rocky 18 months. The high-profile failure of unrated passporting insurer Lemma, followed in quick succession by domestic players Hill and Devert, brought unwanted scrutiny to the domicile, which has worked hard…
Gibraltarian minister talks up non-motor insurance expansion.
Oval staff received a treat this week when the area outside their office was transformed into a film set – with none other than Jack Bauer himself, Kiefer Sutherland, among the famous faces on site filming scenes for the return of TV thriller 24.
The row between Spain and Britain over Gibraltar may have put insurance firms in the country in an unenviable position. Mark Sands explains.
The UK's Financial Services Compensation Scheme is expecting to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.