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Darren Lednor will become managing agent, while Mark Pickett will be active underwriter. -
UK insurers have now paid out £1.2bn in final settlements for claims relating to pandemic closures.
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The MGA received regulatory approval for its new London and Dublin companies.
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Sarah Pritchard, executive director for markets at the FCA, set out the regulators’ moves to improve efficiency and enable innovation at a speech.
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The PRA’s executive director of prudential policy Vicky Saporta has outlined how a new competitiveness objective will be put into practice.
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Financial Secretary Andrew Griffith will have oversight of reforms to FCA and PRA operations, but how far he’ll take that mandate is an open question.
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As financial secretary, Andrew Griffith MP will take responsibility for regulatory reforms, including to Solvency II, as well as the City’s competitiveness.
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The FCA’s CEO said the regulator is making progress on clearing the backlog, in a response to a Treasury Committee report on regulation and accountability.
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The government has also resisted any new accountability measures that would impact the regulators’ independence, in a response to an MPs’ report.
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The International Underwriting Association’s CEO Dave Matcham believes certain Blueprint Two projects can be vital in attracting more business to the London market.
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The ratings agency placed the carrier’s ratings on negative review earlier this year, prompting broker and cedant scrutiny.
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Plus the latest on the FCA backlog, exclusive people moves and all the top news of the week.
