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Censure and fine for Clowes.

City broker TL Clowes and Company has been censured and fined £25,000 by Lloyd's for acts of miscond...

City broker TL Clowes and Company has been censured and fined £25,000
by Lloyd's for acts of misconduct by a former employee.


It relates to a binding agreement operated by Robert Meacham, who was a
r

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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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