Hastings boss censured by Lloyd's over detrimental conduct

Neil Utley

Mr Utley stepped down as chief executive of IAG UK, Equity’s parent company, by "mutual consent" in July 2010.

He has been censured by a Lloyd’s enforcement tribunal over his alleged failure to take reasonable steps to ensure that there were sufficient systems and controls, including the maintenance of an adequate standard of documentation, in relation to certain aspects of its reserving processes.

He was also censured over an alleged failure to take reasonable steps to ensure that the board was

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