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EC drops anti-trust probe into marine insurance agreements

Container ship at sea

An anti-trust inquiry by the European Union into marine insurance agreements among groups of ship owners has been dropped owing to a lack of conclusive evidence.

The European Commission opened formal proceedings in August 2010 amid concerns that claim-sharing and joint-reinsurance agreements between members of the International Group of Protection and

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Did the FCA’s leasehold commission reforms fail?

Three years after introducing reforms to tackle excessive leasehold insurance commissions, the Financial Conduct Authority is reviewing the market again, which Scott McGee observes raises questions about whether its measures have delivered meaningful change.

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