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Directors and officers need extra protection, say Smart and Cook

A limited liability company no longer provides protection for directors and officers, warns Smart and Cook.

Peter Castle, group marketing director of insurance broker Smart and Cook, said that limited liability can no longer be relied on to protect personal assets when companies go into liquidation.

He said

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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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