FCA issues clone marine underwriter warning
Watchdog warns that LGS Commerce Insurance is posing as Durham-based marine underwriter.
The Financial Conduct Authority (FCA) has raised the alarm about a clone firm posing as Durham-based Sunderland Marine Mutual Insurance (SMMI).
The regulator warned that LGS Commerce Insurance is using details of the authorised underwriter "to try to convince people that they work for a genuine, authorised firm."
The fraudulent company claims on its website to be "one of the largest specialist commerce insurers worldwide" and states that it has offices in the UK, Bahamas, New Zealand
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
Most read
- Industry pays tribute to former colleague Geoff Kitchen, who died on Singapore Airlines flight
- Biba 2024: Aviva’s Rebecca Gambrell on evolving the digital future
- Four insurers able to restart selling GAP insurance – FCA