JLT enjoying "clean bill of health"
Broker insists it has "aligned its processes" after FCA fine.
JLT's international chairman of risk and insurance Mark Drummond Brady insisted the broker is now enjoying a "clean bill of health" following last year's regulatory fine.
In December 2013 JLT was fined over £1.8m by the Financial Conduct Authority (FCA) for failing to have appropriate bribery and corruption checks in place when making payments to overseas third parties.
And speaking to Insurance Age Drummond Brady insisted that the broker has worked closely with the FCA and since "aligned its
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.
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Zurich ‘simplifying’ trading with broker team changes
Zurich has consolidated its commercial and retail distribution teams as it aims to make trading with brokers easier.
Brown & Brown snaps up family-owned broker since 1877
Brown & Brown (Europe) has bought two brokers: family-owned Garratts Insurance Brokers Limited and BNF Insurance Services.
Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent
Work from home is being used as a ‘bargaining chip’ in the war for talent, said broker boss Shona Robertson.
Generis Underwriting secures new capacity with Sompo
Generis has reached an agreement with Sompo meaning it can expand its appetite and offer increased limits for its professions professional indemnity and the technology sector specialisms.
Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris
Aviva has reiterated its commitment to brokered personal lines business, although it is not opposed to a bit of ‘tough’ love to maintain a consistent approach to the market.
Biba 2024: Brokers and insurers have huge role to play in raising awareness of Martyn’s Law
The insurance industry has a huge role to play in raising awareness of the incoming legislation aimed at protecting premises from terrorism attacks, the audience at the British Insurance Brokers’ Association’s 2024 conference has heard.
TBIG invests in Deva
The Broker Investment Group has taken a minority 49% stake in Chester-headquartered Deva Risk Group in its sixth deal of the year.
‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation
In his inaugural conference speech as Biba CEO Graeme Trudgill has vowed to fight the onslaught of regulatory workload being imposed on brokers.
Most read
- ‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation
- Jensten wholesale division split sees MD Simon Taylor exit
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper