FSA orders Section 166 probes on two Lloyd’s brokers
Two London market brokers have been subject to Section 166 investigations by UK regulator the Financial Services Authority (FSA) in the last year.
The probes were unearthed after The Insurance Insider lodged a Freedom of Information (FOI) request with the FSA.
The FSA has undertaken two Section 166 assessments at Lloyd's insurance or reinsurance intermediaries since 1 January 2010.
The UK regulator also disclosed that no non-Lloyd's intermediaries had been subject to investigation in the same period.
A Section 166...
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