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Biba calls for FOS complainant fee The British Insurance Brokers' Association (Biba) has called on ...

Biba calls for FOS complainant fee

The British Insurance Brokers' Association (Biba) has called on the Financial Services Authority (FSA) to introduce a mandatory fee for people complaining to the Financial Ombudsman Service; a sum they would receive back, should their claim be successful. The response was made to the FSA's consultation paper CP 187.

Brit to maintain Lloyd's capacity

Brit Insurance Holdings (Brit) said it would maintain its underwriting capacity at Lloyd's in 2004 and would look to

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FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

ManyPets confirms social media clone

Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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