Articles by Katie Marriner
FCA urged to prove absence of ‘systemic weakness' in standards and culture
The Treasury Committee has demanded the Financial Conduct Authority do more to satisfy parliament and the public it is not suffering a "systemic weakness" in standards and culture following its press briefing blunder in March 2014.
Cathedral leads consortia for Germanwings A320 war policy
Lancashire-owned Cathedral is leading the consortia on the Lufthansa war policy for the Germanwings Airbus A320 plane that crashed in France on 24 March.
Gumtree ghost broker jailed for two years
A car rental firm owner who made £65,000 selling invalid motor insurance was jailed today for two years at the Old Bailey (26 March).
Heritage Insurance granted Lloyd's registered broker status
Heritage Insurance has been granted Lloyd's registered broker status; a move that allows Heritage Insurance Solutions, the Financial Conduct Authority-regulated arm of Guernsey-headquartered Heritage Group, to place business directly with Lloyd's…
FCA funding requirement increases 8.4%
The Financial Conduct Authority's annual funding requirement has increased by 8.4% to £481.6m for the year 2015/16.
Claims Awards 2015: shortlist revealed
Today Post is pleased to reveal the shortlist for the 2015 Claims Awards.
Devon-based Pavey Group buys Exeter broker
Devon-based Pavey Group has acquired broker Buddens Westinsure to expand its operations in Exeter.
Redress for opt-out add-on buyers mooted
Redress for consumers who bought add-ons unnecessarily through the opt-out process would be a "logical conclusion" of the Financial Conduct Authority consultation into the sales practice, according to PWC.
Industry warned of potential class suit from rugby concussion claims
A predicted big "storm" of concussion injury claims from rugby union players has the potential to lead to a costly class action lawsuit, legal experts have warned.
Money Supermarket's Nixon backs out of share sale
Money Supermarket founder Simon Nixon has decided against selling a 6.4% stake in the company one day after it was proposed.
Closing Gibraltarian underwriter warns of SII pressures
The chairman of Gibraltarian underwriter Service Insurance Company said UK motor market pressures and the looming Solvency II deadline in 2016 led to the firm deciding it was not "economically sensible" to continue operating.
In-house investigators dodge PI regulation amid deadline delay
In-house claims investigators will not be subject to statutory licensing for private eyes, according to the Association of British Insurers, which has expressed concerns that uncertainty around the introduction of PI regulation is “hindering” insurers.
DfT and industry players discuss scope of Vnuk legislation
Industry leaders are working with the Department for Transport to determine if certain vehicle classes should be taken out of European Union legislation that expands the requirement for motor insurance, amid fears of a future claims influx.
Service Insurance Company stops writing new business
Service Insurance Company is to cease writing new business as part of a planned reorganisation of the company involving a number of linked businesses.
PRA publishes ‘milestone' paper on managers' oversight
The Prudential Regulation Authority has published the scope of its senior managers regime for Solvency II insurers with guidelines on how the regime will apply to non-executive directors to be published later in the year.
Advantage and Argo Global sign binding agreement
Jersey-based Advantage Underwriting has signed a binding agreement with Argo Global to expand its capacity and underwriting proposition.
PRA publishes final rules for Solvency II implementation
The Prudential Regulation Authority has published its final rules for implementing the Solvency II directive alongside a consultation paper on the application process for the volatility adjustment.
MGAA launches talent development programme
The Managing General Agents' Association has launched an initiative to increase talent development in the sector.
Employers' liability MGA Concordia launches
Employers' liability managing general agent Concordia has launched facilitated by Ambant Underwriting Services.
Flood Re regulations laid before parliament
Flood Re's secondary legislation was yesterday (19 March) laid before parliament marking the completion of negotiations with government around the scheme.
Gallagher's Dalgarno next to join Towergate
Arthur J Gallagher International chief risk officer Sarah Dalgarno has been appointed to the same role at Towergate.
SRA investigates two uninsured firms
Two uninsured law firms that should have closed at the end of 2014 are being investigated by the Solicitors Regulation Authority.
CMA remedies a ‘mixed bag' for Biba
The British Insurance Brokers' Association has welcomed the Competition and Markets Authority's move to extend the protected no claims bonus remedy deadline while deeming the recommendations in the regulator's private motor investigation final order a …
Under-35s urged to actively shape London market's future
Willis deputy CEO and London Market Group chair Steve Hearn has called on Lloyd's and London market employees under the age of 35 to play an active role in shaping the future of the sector.