Andrew Bailey
A return of cash flow underwriting – is this common sense or a kamikaze approach?
As interest rates rise, talk is growing of a return to cash flow underwriting. Popular in the 1980s and 1990s, this is when insurers underwrote unprofitably, but were covered by strong returns. There is concern that insurance could be heading for the ultimate race to the bottom, reports Saxon East.
FCA head Andrew Bailey named as Bank of England governor
He will take over the position from Mark Carney on 16 March 2020.
FCA pay gaps persist despite bumper 2018/19
The regulator made a £25.4m surplus but struggled to appropriately remunerate female and ethnic minority employees.