Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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London market braces for marathon FCA probe

Laura Board 14 November 2017

The tying of reinsurance and broker-owned MGAs are among the more surprising areas of focus in the Financial Conduct Authority (FCA)'s probe into wholesale insurance broking.

The FCA began the three-pronged study last week, promising to look at market power, conflicts of interest and conduct within a sector which it argues has undergone a sea-change since the-then Financial Services Authority examined the market a decade ago.

It will consider whether larger brokers are using their market power to oblige insurers...

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This article was published as part of issue November 2017/2

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