Major brokers caught up in FCA aviation probe

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Brokers have confirmed that the Financial Conduct Authority (FCA) is conducting an investigation into suspected conduct in the aviation insurance sector.

The news was first reported by the Insurance Insider  and Aon, JLT, Marsh, Willis Towers Watson and UIB are the brokers that are being investigated by the regulator.

The FCA declined to comment when approached by Insurance Age.

Marsh has confirmed that the FCA indicated that it had reasonable grounds for suspecting that Marsh and others

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