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Axis appoints ex-Bank of England exec to board

Bermudian (re)insurer Axis announced that it has appointed Sir Andrew Large to its Board as an independent director. Sir Andrew Large will serve as a Class I Director and will serve on the Board until 2009.

Sir Andrew Large, 64, recently retired as Deputy Governor for Financial Stability at the Bank of England and member of the Bank's Monetary Policy Committee.

Prior to his appointment to the Bank of

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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