Insurance agents banned for illegal trading

Mr Fryett acted as a director of CIC Greece and was also involved with CIC Costa Rica. While neither were authorised to carry out insurance business in the UK, he encouraged a number of UK insurance brokers and underwriting agents to issue insurance contracts.

One of those brokers was Insureyourshop.com, run by director Richard Baines, which issued approximately 1,800 insurance contracts. Some of these included employers' liability policies supposedly underwritten by CIC Greece or CIC Costa Rica,

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: