The Financial Services Authority ..

The Financial Services Authority (FSA) has imposed a statement of public censure on The Underwriter ...

The Financial Services Authority (FSA) has imposed a statement of public censure on The Underwriter Insurance Company and fined its former ceo Keith John Rutter £20,000. These actions relate to steps taken by The Underwriter in 2001/02, when Mr Rutter was ceo, which had the effect of circumventing regulatory requirements set by the FSA. The Underwriter has been censured for breaching Principle 11 of the FSA's Principles of Business, which requires a firm to be open and co-operative with the FSA

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

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.

FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.