Regulation
Ex-Ardonagh deputy CEO Janice Deakin: "I need a break from big deals"
Former Ardonagh deputy CEO Janice Deakin has stepped back at the consolidator and vowed that she needs a ‘break’ from big deals having worked on the acquisition of Swinton, but added the idea of acting as a non-executive director at another firm…
FCA pledges tough action for vulnerable customers amid consultation launch
Insurance Cares: Watchdog says it will implement measures to ensure consumers are treated fairly.
The Insurance Age Podcast: 19 July 2019
The Insurance Age editorial team dig into this week's top stories.
FSCS agrees Alpha replacement cover deal
Collapsed Danish insurer's latent defect policyholders will now be covered by a new, solvent insurer.
Fact file: What’s the story with the Ogden Rate?
The much-debated discount rate was reset at -0.25% this week, but how did we get to this point and what is the background to this highly explosive issue? Insurance Age outlines the key touchstones
FCA warns of Moneysupermarket clone
The aggregator is the latest firm to be targeted by fraudsters.
Hastings expects £8.4m hit from Ogden rate change
Company says it had believed the rate would end up between 0 and 1%, as Biba states move to -0.25% is "nowhere near enough".
Documents reveal government actuary recommended a 0.25% discount rate
The Lord Chancellor and Justice Secretary, David Gauke, eventually settled on a minus 0.25% Ogden rate.
Insurance Cares: FCA consults on travel cover for people with medical issues
Consultation includes proposals to signpost details of travel insurance firms who can cover consumers with more serious conditions.
CRL close to finding replacement for Alpha policies
Broker has had its deadline extended several times, but FSCS says "good progress" has been made in recent days.
Government reveals recalculated Ogden rate
The increase is not as generous as many had expected.
Government urges regulators to work together to help vulnerable customers
Report slams the loyalty penalty among other issues to be tackled in the financial services, water, energy and telecoms sectors.
FCA issues fresh clone broker warning
Fraudsters are using the details of Alternative Insurance Brokers to trick consumers.
FSCS says top 110 firms will pay a £3m levy in 2019/20
Scheme publishes forecasts for the 2019/20 levies, with over half of companies paying less than £50.
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.
Opinion: Mayer Brown's Chris Chapman on regulation and the FCA
Don’t get caught out: The insurance industry needs to keep an eye on the FCA’s ongoing initiatives, writes Chris Chapman
Biba warns that HMRC's IPT consultation may have "detrimental impact" on brokers
Trade body calls for input from members as it gears up to respond to the government.
CII launches new code of ethics
The digital code of ethics is the latest modernisation measure at the body.
Danish watchdog orders Gefion to recalculate solvency level
Regulator says the unrated Danish provider has a solvency ratio of 105% after assessment.
FCA warns of UK General clone
Fraudsters have been trying to trick consumers by using UK General's name.
Zurich's Tulsi Naidu to chair the FCA Practitioner Panel
She will take on the post on 1 August.
Dual pricing: Capping prices risks industry profits, warns Fitch
The CMA had recommended price caps, as regulators propose solutions to the 'loyalty penalty', but the ratings agency suggests it could destabilise the market.
Regulator sharpens focus on Lloyd's amid sexual harassment claims
Following the warning Lloyd's has revealed advisory committees designed to tackle diversity and inclusion featuring sector leaders such as Zurich's, Amanda Blanc, and the CII's, Sian Fisher, have been set up.
FCA strengthens position on dual pricing
The regulator has published a fresh response to the CMA.