Whistleblowing failures prompt regulatory intervention at Lloyd’s
PRA has laid down new rules after the Society of Lloyd’s disclosed that it had not maintained an anonymous whistleblowing channel for 16 months.
The Society of Lloyd’s has agreed to additional whistleblowing requirements as set out by the Prudential Regulation Authority (PRA).
The PRA decided that new measures were required to provide “enhanced monitoring and scrutiny” after Lloyd’s reported failures in its whistleblowing mechanisms.
A statement issued by the Bank of England yesterday (23 December) revealed that Lloyd’s disclosed to the PRA on 15 February 2019 that its whistleblowing hotline had not been operational since 1 October
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 info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Allianz Commercial brings in Talbot’s Woolley as president of global specialty and UK region
Allianz Commercial has appointed Emma Woolley as president of global specialty and the UK region in a newly created role.
From transactional to tailored: rethinking insurance for the middle market
The opportunity for the market is to return to the fundamentals of insurance says Stuart Sutherland, head of UK retail at Liberty Specialty Markets, as he tackles the dangers of commoditisation for mid-market businesses and the risks of a one-size-fits-all approach.
People Moves: 17 – 21 August 2026
Stay in the loop with the latest insurance personnel moves.
Marco Capital sails in to buy MGA incubator parent Pro Global
Marco Capital, the property and casualty legacy consolidator and parent of insurance services group PoloWorks, has signed up to buy Pro Global.
Meet the MGA: Lumara
Having helped set-up one MGA in Arista two decades ago, Lumara CEO David Aslin explains why he is going again, seeking to be a top three partner with its brokers through a combination of expertise, flexible products and agency exclusivity.
Broker hit for £250,000 – FOI reveals insurance sector’s S166 bill
A Freedom of Information request by Insurance Age has revealed the amount spent by a broker, and insurers, on Financial Conduct Authority-mandated skilled persons reviews that completed in 2025/26.
Podcast: Reid and Clegg present Double Indemnity – episode 12, Cameron Specialty’s Tom Kirkland
MGA entrepreneur Tom Kirkland joins Stuart Reid and Toby Clegg for the latest episode of the Double Indemnity podcast series.
Jason Storah on Aviva walking away on pricing, but not from brokers
Aviva’s commercial book shrank year-on-year, but only “marginally” in the heartlands of brokers’ traditional business, UK and Ireland general insurance CEO Storah told Insurance Age.