Latvia

Charles Manchester on brokers using unrated insurers

Brokers are regulated by the Financial Conduct Authority, so they don't really come into contact with the Prudential Regulation Authority, which is primarily concerned with the soundness of insurers, ensuring protection for policyholders.

View from the Top: Do not adjust your sets

So here we go again. Nine months after offering renewal to 1300 UK law firms – and less than two years after they entered the market – an unrated insurer, with a ‘passport’ into the UK insurance market, has been forced to cease trading having been…

Passporting: Border control

Will the recent Balva scandal have any bearing on the future of European passporting rights. Francesca Nyman investigates.

JLT: Balva-insured solicitors must act now

JLT Specialty has urged solicitors that are insured by Latvian insurer Balva to take action now, warning firms that wait until October to switch insurer are likely to face higher insurance premiums.

Balva banned from writing UK business

The Solicitors Regulation Authority is writing to legal firms holding professional indemnity policies with Latvian insurer Balva after it was barred from writing new business in the UK.

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