Hiscox president warns that FCA is "hunting" for insurance "scalp"
Former Hiscox chairman in plea for broker honesty.
Hiscox honorary president Robert Hiscox has warned that the regulator is “hunting” insurance in a bid to get “another scalp”.
The insurer’s former chairman cautioned that the Financial Conduct Authority (FCA) “is coming” and urged brokers to be “honest” with their clients.
His striking comments were made at this year’s Una – formerly Unitas – annual conference.
Hiscox – who described regulation as the “biggest handicap” to his business - stated: “Now the FCA is coming, they’re hunting us because
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