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European issue.

Whilst discussions currently concentrate on the suitability of the IIB to administer the IBRA, we sh...

Whilst discussions currently concentrate on the suitability of the
IIB to administer the IBRA, we should not lose sight of the government's
objective which is for a self-regulatory regime to be operated by the
insurance industry. I think most would agree the current act had become
out of line with current market practice and conditions.


The government's move to self-regulation appears to be at variance with EC
law. Our company recently learned of an international motor manufacturer
who was fined

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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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