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Quanta appoints new CEO, outlines Lloyd’s and run-off plans

Troubled Bermuda and Lloyd's (re)insurer Quanta Capital Holdings has named Peter Johnson to be its new president and CEO and has outlined strategic decisions concerning the handling of its run-off, ongoing Lloyd’s operations as well as the sale of its ESC subsidiary.

Mr. Johnson was the Chairman and CEO of the Home Insurance Company during its run-off from June 1995 to March 2003.

He succeeds interim CEO Robert Lippincott III, who is to continue as Deputy Chairman

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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

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