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Insurance chiefs to be held 'more clearly accountable' under BoE plans

Mark Carney

The heads of insurers will be held “more clearly accountable” as part of a new standards regime planned by the Bank of England.

In a speech to the Institute and Faculty of Actuaries' general insurance conference yesterday, bank governor Mark Carney unveiled plans to extend the standards regime for the most senior managers of

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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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