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US insurers in bail-out talks with Treasury

Three US insurers are understood to be in talks with the US Treasury about a possible state-cash injection.

According to national newspaper reports three US insurers -MetLife, Prudential Financial and New York Life Insurance Company - have been involved in talks with US Treasury secretary Hank Paulson

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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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