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Lloyd's Newline sets up UK company arm

Following the lead of many Lloyd’s based operations, Odyssey Re’s Newline Underwriting Management has set up a UK-regulated insurance company to be based in London.

Formed with £25m in new capital, Newline Insurance Company Limited (NICL) is a casualty-focused insurance company and will write the same lines and using the same underwriting team as the Lloyd's

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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

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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