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Mutual associations publish new code of conduct

The Association of Mutual Insurers and the Association of Friendly Societies have announced the publication of a new code of corporate governance for the mutual insurance sector.

The new Annotated Combined Code,one of the key recommendations of Paul Myners ’Review of the Governance of Life Mutuals, is launched today with the backing of the Treasury and Financial Services

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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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