PFS blindsided over CII board takeover
The Personal Financial Society was blindsided by the Chartered Insurance Institute Group adding three new directors to its board yesterday.
This would bring the total number of board members to five PFS member directors and five CII Group institute directors.
However after the required 30 day consultation period has elapsed, the CII intends to appoint a further institute director to the board giving it a majority with six.
Insurance Age understands that the president and CEO of the PFS were called by the CII Group telling them of the decision to flood the board less than 40 minutes before the CII Group informed members and sent an
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
FCA improves all broker-impacting authorisation metrics
The Financial Conduct Authority has built on its steady progress in delivering authorisations with an across-the-board improvement in the areas affecting brokers.
Biba 2024: Experts have mixed outlook on UK economy
In the Biba 2024 conference session ‘What’s next for the economy?’, hosted by Clive Myrie, the panel expressed mixed views on the outlook for the UK, focusing on productivity, regulation and the election.
MGA launches SME and mid-market e-trade platform
Specialist mid-market and SME managing general agent Generation Underwriting has launched a digital e-trade platform.
Arch goes live on Applied
Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.
Biba 2024: FCA to take its time on transparency proposals
Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.
Biba 2024: Conference to return to Manchester for next two years
The British Insurance Brokers’ Association has confirmed its conference will return to Manchester in 2025 and 2026.
Biba 2024: David Perry and Ethan Godlieb pick up awards at conference
The British Insurance Brokers’ Association has named David Perry, CEO of FSB Insurance Services, as the winner of its 2024 Francis Perkins Award, and Aon’s Ethan Godlieb as the Oliver Rose Biba Young Broker of the Year 2024.
Zurich ‘simplifying’ trading with broker team changes
Zurich has consolidated its commercial and retail distribution teams as it aims to make trading with brokers easier.
Most read
- ‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation
- Jensten wholesale division split sees MD Simon Taylor exit
- Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris