It’s well into the new year but the insurance industry is certainly still ringing the changes. As usual, there were moves between rival companies, with Willis losing a COO to Aon, and Lifestyle Services dipping into Ace for a new CEO.
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That broker favourite, the Financial Services Authority (FSA), has taken a bit of a pasting from the Treasury Select Committee which described the soon to depart regulator as too expensive, aloof, bureaucratic and unable to protect customers.
The January edition of Market moves obviously riled insurers. Not happy at seeing their column inches quite frankly pulverised by those of brokers, the providers have hit back with a string of senior announcements.