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Marine club bemoans criminal liability but praises steady ship

Marine mutual the London P&I Club announced that it ended the 2004/5 year of account with free reserves of $100m, and the thirteenth consecutive year of deferred calls within budget.

Meanwhile, the stability of the club's own retained claims pattern, which has been a feature of recent years, was maintained, despite an increase in the last two months of the year in both own and

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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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