Review of the year: January 2018

Review of the Year 2017 - January

2018 started off with a bang with FCA fines and some big ticket M&A involving Markerstudy and A-Plan.

We take a look at the top five stories that set 2018 off to a flyer.

One Call faces £4.6m hit on top of £1m+ FCA fines 
The Financial Conduct Authority (FCA) fined One Call Insurance Services and its CEO John Lawrence Radford £684,000 and £468,000 respectively for breaching rules around handling of client money. One Call was also restricted for 121 days from the date the Final Notice was issued from charging renewal fees to its customers, a move which was anticipated to cost the firm

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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