MS Amlin Underwriting slapped with almost £10m fine for historic governance failings
The Prudential Regulation Authority has fined MS Amlin Underwriting £9.7m for failings in its governance, controls and risk management in the period between 1 September 2014 and 31 December 2019.
From September 2014, in parallel with its growth strategy, MS Amlin organised its underwriting business into three strategic businesses units, each of which underwrote businesses on MS Amlin’s behalf
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