-
A canvassing of the market showed some bifurcation on the necessity of a government backstop.
-
The ratings agency said the upgrade reflects an improvement in GIC Re’s balance-sheet strength.
-
Current efforts to battle third-party litigation funding are focused on disclosure.
-
The government flood insurance program now carries $21bn in debt.
-
Changes to the categorisation and oversight of managing agents seek to reduce duplication and thereby cut costs.
-
The cat bond application process will be streamlined to 10 working days.
-
This is the first major update to the misconduct framework since enforcement powers were introduced in 2005.
-
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.
-
HMRC is understood to be reviewing Lockton’s partnership status.
-
The regulator is considering changes that could penalise some international players.
-
The FCA’s aim is to reduce regulatory costs and increase the competitiveness of the commercial insurance market.