A world of opportunity

Recent press has flagged up the apparent dangers for brokers using offshore insurers, with the Financial Services Authority (FSA) admitting that it is concerned about the solvency levels of insurers passporting into the UK. However, this is not a one-way street, as several UK insurers already operate within the European Union (EU). In addition, following the implementation of the Insurance Mediation Directive (IMD), the door has been opened for brokers to conduct cross-border trade or to set