Financial Conduct Authority (FCA)
FCA head of insurance policy promoted to head of Scottish department
The Financial Conduct Authority’s head of insurance and pensions policy has been promoted to head of department, Scotland.
Interview: Karen Beales, UK General
Karen Beales was recently appointed CEO of UK General from her existing role as managing director, following JC Flowers’s acquisition of the company. Post discussed with Beales what the future holds for the managing general agent.
FCA outlines proposals to extend senior managers regime to insurers
The Financial Conduct Authority has today published proposals to extend the senior managers and certification regime to insurers, essentially replacing the approved persons regime.
This week: Planning, predictions and packing
I am most definitely a planner. Being organised usually tops my list of attributes in appraisals and most of my life as a busy working mum is run by lists. In fact the holiday I'm just about to fly off to has been two years in the planning.
Firms that have made Brexit contingency plans may face difficulties, FCA says
The Financial Conduct Authority said Brexit contingency plans of some companies could cause them "difficulties" in future.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
Co-op Insurance weighing up FCA sandbox application to boost digital presence
Co-op insurance is considering submitting an application to the FCA’s Sandbox and is aiming to make the business even more digital.
33% of insurance customers 'will request for their data to be deleted'
One in three insurance customers will exercise their right to be forgotten under the General Data Protection Regulation.
Fashion firm faces £40m FCA bill for mis-selling GI products
A fashion company may be facing a bill of £40m from the Financial Conduct Authority after mis-selling GI products.
Usage-based motor start-up By Miles gains FCA authorisation
Usage-based motor start-up By Miles has received Financial Conduct Authority authorisation.
Insurer optimism remains flat despite increased hiring and investment
Business volumes, profits and hiring in the general insurance sector remained strong in Q2 2017 despite optimism remaining flat, a survey has revealed.
Marsh and Aon offices visited in connection to Irish motor competition investigation
Marsh and Aon are among the brokers visited by the European Commission as part of its motor investigation in Ireland.
Editor's comment: Time to reward loyalty
Last summer, while holidaying in Spain, we stumbled across an inflatable Wipeout course floating a hundred metres or so off the beach. With the exuberance of youth, my nephew, nieces and son were keen to have a go and several adults, myself included,…
Career file: Keith Jackson
Keith Jackson has been appointed as the director of general insurance and protection at the Financial Conduct Authority
Analysis: The truth behind the broken system of dual pricing
The industry has faced sustained attacks in recent months for its ‘shameful’ practice of raising rates for loyal customers, with one newspaper calling for the government to ‘punish the insurance pirates’.
Interview: Matthew Crummack, Go Compare
When Matthew Crummack took the driving seat at Go Compare a year ago this month, the business was in the midst of a demerger from parent Esure. The CEO of the price comparison site sat down with Ryan Hewlett to discuss his first year in the job, taking…
FCA seeks input on how to help vulnerable insurance customers
Insurance customers are increasingly finding it difficult to navigate the market, the Financial Conduct Authority has warned.
This Week in Post: The Queen's Speech, whiplash and a year on from Brexit
As Her Majesty the Queen delivered her all-important speech to open parliament, insurers had a lot to think about.
CMCs to be brought under the heel of the FCA
Claims management companies will see fees capped and the sector regulated by the Financial Conduct Authority, under plans to tackle “widespread malpractice”.
FCA reviews travel insurance for cancer patients
The Financial Conduct Authority has launched a public consultation to see if changes are needed to make it easier for people with cancer to get travel insurance.
John Griffith-Jones to leave the FCA
John Griffith-Jones, chairman of the Financial Conduct Authority is to step down from his role at the regulator next year.
FCA orders Admiral to contact customers after providing false renewal information
The Financial Conduct Authority has ordered Admiral to contact customers who may have received inaccurate premium amounts in renewal documents.
Five insurtech firms to begin testing in second round of FCA's sandbox
Five insurtech firms are set to begin testing in the second cohort of the Financial Conduct Authority’s sandbox after successful applications.