Regulation
Q&A: Paul Anscombe, retiring CEO of Seventeen Group
After over 40 years as a broker, Paul Anscombe is retiring from Seventeen Group this month. Ahead of his exit he shares his reflections on growing businesses from scratch, leaving the group in safe hands and why he is optimistic for the sector.
FCA reveals green sweep for broker-related authorisations
The Financial Conduct Authority achieved across the board success in its broker-related authorisation categories between July and September, its first ‘green sweep’ in the data series.
FCA updates on Premier Insurance Company administration
The joint administrators of Premier Insurance Company Limited plan to end policies on 1 December 2025, meaning customers must arrange alternative valid insurance cover for their vehicles, the Financial Conduct Authority has confirmed.
FSCS reveals early forecast of no broker levy in 2026/27
The Financial Services Compensation Scheme has indicated brokers will not have to pay a levy in 2026/27 which would keep the rate at zero for the fourth year in a row.
FCA issues warning of Close Brothers clone
The Financial Conduct Authority has issued a warning of fraudsters trying to scam people as a clone of Close Brothers.
Blog: Future-proofing your broking business starts with the back office
As regulatory scrutiny intensifies, the ability to demonstrate financial control and system integrity can provide brokers a tangible competitive advantage, argues Chris Stout, a director at PKF.
Allianz: UK public the most concerned in Europe about automated vehicles
People in the UK are the most concerned in Europe about automated vehicles, i.e. self-driving cars, according to a new survey.
Blog: The EU–UK AI regulation gap and its implications for UK insurance brokers
As artificial intelligence regulations diverge between the UK and EU, Claud Bilbao, regional vice president for underwriting and distribution at Cowbell UK, discusses the importance of understanding AI usage to advise clients effectively, highlighting…
FSCS declares Scottish broker in default
The Financial Services Compensation Scheme has declared Scottish broker Arthur Temlett, trading as Abacus Insurance Consultants, as being ‘in default’ in its latest update on the ongoing situation.
Bexhill’s Takhar on record results and the regulatory environment for premium finance
With a book of broker relationships at over 100 and growing Ravi Takhar, CEO of Bexhill UK, explains how the premium finance provider is pushing ahead after its record-breaking results and his hopes for the industry.
FSCS steps in for failed Gibraltar insurer Premier Insurance
The Financial Services Compensation Scheme has stepped in to protect over 16,000 policyholders of failed insurer Premier Insurance Company Limited as it highlighted the identity of the Gibraltar-based motor provider.
The rise of AI: implications for D&O insurance wordings
Jonathan Hopkins of DAC Beachcroft and Zurich’s Jack O’Neill tackle the opportunities and challenges for brokers. Clients are asking about the impact of artificial intelligence on directors’ and officers’ insurance policies in a fast-changing landscape…
Podcast: Reid and Clegg present Double Indemnity – episode two, MGAA’s Mike Keating
In a new podcast series brought to you by Insurance Age, industry provocateurs Toby Clegg and Stuart Reid interview a series of well-known market faces, getting to know the personalities and characters behind some of the key movers and shakers in the…
Blog: Stick to what you know
Brokers have pushed back against the idea of self-regulation. Sticking with the Financial Authority is indeed the way forward to keep consumer trust, argues Rosie Simms.
FCA claims it is already overseeing changes following Which? super-complaint
The Financial Conduct Authority has highlighted it has already identified issues that need to be fixed in the home and travel insurance market and is focused on making sure the changes required are made following Which? filing a super-complaint.
‘Short-changed’ motorists getting £200m claims payments boost – FCA
The Financial Conduct Authority has estimated 270,000 motorists will get £200m in compensation for historic insurance claims that were underpaid.
Is the FCA better the devil you know over self-regulation?
A self-regulated insurance industry could lead to a lack of consumer trust, brokers have told Insurance Age, as they called for a reduction in compliance costs and improving the efficiency of the Financial Conduct Authority instead.
Compliance experts push back on self-regulation for insurance
The insurance industry could not effectively mark its own homework if moved to self-regulation, according to compliance experts surveyed by Insurance Age, as the specialists noted an insurance specific regulator could be a middle ground.
‘Scrap the FCA’ – Arron Banks unveils Reform’s ideas for a self-regulating insurance industry
Arron Banks has revealed Reform UK is considering scrapping the Financial Conduct Authority, allowing brokers to self-regulate, if it forms the next government.
FOI: Almost 19,000 hours logged by FCA in premium finance review
The Financial Conduct Authority logged 18,864 man hours during its review into premium finance for motor and home insurance, with brokers making up 32 of the sample firms, a Freedom of Information request from Insurance Age has revealed.
Broking Success: ALA Insurance
Simon England, founder and managing director of ALA Insurance, explains how the broker got through the FCA GAP insurance sales freeze last year, and eyes potential acquisitions.