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Lloyd's gets Guernsey licence

Lloyd's, the world's leading specialist insurer, has obtained a licence to write direct general insurance business in Guernsey.

Before now Lloyd's has been viewed as a 'Recognised Insurer', which has meant underwriters have only been permitted to write Guernsey insurance business from London on a cross-border basis.

The new

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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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