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FCA data reveals a worrying drop in new broker authorisations. -
Such reviews within the sector jumped from one in 2022 to 12 in 2023.
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The group said proposals could do “irreparable reputational damage” to innocent parties.
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The market has advanced in sophistication but must tackle talent, tax and diversification issues.
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A thriving competitive intermediary market is what keeps London fresh.
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Sources approve of Labour’s plans around regulatory accountability.
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A total of 8% of issuers under criteria observation received negative rating actions.
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The deal will create a personal lines firm controlling £3bn in premiums.
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Bermuda liquidators had earlier objected to out-of-court agreements between parties.
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Long-term confidence in the market depends on the details of the new tax rule.
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Existing taxes could be lowered under a potential new structure.
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The agency stressed the physical impact of climate risk on companies.
