London market takes FCA to task for criticisms of culture, inefficiencies (Re)insurance representatives say a report this week demonstrates why the regulator needs a “competitiveness” mandate.
AIG turns to Mazars for UK audit: report The US carrier parts ways with group auditor PwC in the UK following EU rule changes.
Chaucer’s Irish subsidiary to write US excess and surplus lines The NAIC has given authorisation for Chaucer to write the lines of business through its Irish subsidiary from 1 January.
FCA demands action on ‘prevalent’ non-financial misconduct The regulator warns that a failure to address cultural mis-steps will shape “fit and proper” assessments.
PRA consultation to strengthen carriers’ hand over suppliers The regulator’s proposals go further than Eiopa’s planned cloud-focused reforms.