FSA gets tough with Xsavi
The Financial Services Authority (FSA) has cancelled Xsavi's permission for failing to conduct its business in compliance with proper standards and for having inadequate financial resources.
The FSA said it was is the first enforcement cancellation on conduct of business grounds taken against a general insurance firm since it took over the regulation of general insurance in January last year.
Between 1 and 25 February 2005, Xsavi claimed to be acting as agent for an insurer and to have
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 [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] 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 [email protected]
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 [email protected]
More on Regulation
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Extinction Rebellion hits Lloyd’s in paint attack
- Allianz restructure sparks mixed reactions
- Gallagher divestment deal aborted after WTW/Aon merger breaks down
- Aon/WTW merger collapses amid US DOJ lawsuit
- Sabre reports COR of 74.4%
- Aon: Executive committee shuffled post-deal collapse
- PremFina names Sharon Bishop UK & Ireland CEO