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UK industry anticipates muted shockwaves from Marsh/Spitzer

The initial furore over the potential implications of the Spitzer investigation into Marsh is giving...

The initial furore over the potential implications of the Spitzer investigation into Marsh is giving way to scepticism among brokers and insurers about any significant UK impact.

A spokesman for the Financial Services Authority said that the lengthy consultation process has produced robust rules on the issues of commission disclosure and inducements, which it does not intend to change.

Groupama managing director Francois-Xavier Boisseau told Professional Broking: "The issue is clearly about fraud

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GI AR numbers fall again

The general insurance and protection sector saw the biggest fall in the number of appointed representatives last financial year, the Financial Conduct Authority has calculated.

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