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Mutual plan ditched.

The Baltic Exchange has abandoned plans to change its status to a mutual following substantial cash ...

The Baltic Exchange has abandoned plans to change its status to a
mutual following substantial cash demands from shareholders. Jim Buckley,
the exchange's chief executive, said too many of its 675

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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