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Disproportionate regulation has meant a 40% increase in direct regulatory cost for brokers. -
Incoming CEO James promises transparency as digital development accelerates outside Lloyd’s.
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HMRC is understood to be reviewing Lockton’s partnership status.
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The regulator is considering changes that could penalise some international players.
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The FCA’s aim is to reduce regulatory costs and increase the competitiveness of the commercial insurance market.
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The action follows the completed acquisition of Accredited by Onex Partners.
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What is the purpose of the Underwriting Room in the post-Covid working world? According to Lloyd's Market Association CEO Sheila Cameron, the Room remains the "beating heart" of the London insurance ecosystem, and there is "overwhelming support" to maintain it. In her role at the LMA, Sheila has a unique insight into what is top of the agenda for all 55 managing agents. Tune in to the podcast to get the latest on Blueprint Two, the state of regulation, and leadership diversity.
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Changing customer categorisation could increase competitiveness.
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The approval allows Davies to extend its UK broker incubation platform in Europe through Brussels.
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Many have argued war exclusions have detracted from discussions of systemic risk in the cyber market.
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The workshops will provide feedback on the logistics of producing and running a set of stylised adverse events.
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Two-thirds of insurance firms have been challenged about their resilience plans by the regulator.
