Regulation
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A regulatory ‘nursery’ is to provide support to newly authorised firms and help improve the watchdog’s oversight.
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Insurance Europe has previously warned against excessive prescriptiveness.
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The US regulator has proposed Willis sells its San Francisco and Houston CRB businesses, and its Bermudian insurance broking arm.
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The FCA’s former director of international and interim COO succeeds Caroline Wayman, who steps down after seven years.
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Tysers said a wider scheme would give event organisers the confidence to begin planning.
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Underwriters look to avoid the costly option of setting up an EEA service company to use the platform.
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The move follows the brokers’ submission of a remedies package last week to allay competition concerns.
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Hiscox entities have paid out 67 claims in full, the regulator’s data shows, and have accepted 6,351.
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Both parties continue to look determined to take the steps needed to get the deal to the line.
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Senator Jeff Brandes and local insurance law experts tell this publication that the state’s insurance market will be hugely vulnerable without reform.
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The move follows Willis’ explorations of sales of Willis Re and European units.
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The Competition and Consumer Commission of Singapore launches a public consultation over the proposed merger deal.
