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FCA chiefs to face MPs

Executives called to Parliament following Davis Report.

MPs are set to summon Financial Conduct Authority executives to Parliament following the findings of the Davis report.

Sister title Post reported that the Treasury Select Committee confirmed that it was keen to speak with Clive Adamson, director of supervision, and Zitah McMillan, director of communications to discuss the affair which led to millions being wiped off the share prices of major insurance companies.

As yet no date has been set for the meeting.

Both McMillan and Adamson are set to

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Aviva to open US commercial lines branch in New York

Aviva is setting up an onshore surplus lines business in the US, based in New York City, with a target of starting to trade in the second quarter of this year in a move it claimed will strengthen its proposition for brokers and clients.

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