Regulation
Experts respond to FCA shelving ‘flagship initiatives’ on enforcement, D&I and non-financial misconduct
The Association of British Insurers has welcomed the Financial Conduct Authority’s decision not to push ahead with enforcement investigation publicity plans, also known as ‘name and shame’.
Gallagher deal for AssuredPartners delayed by request for more information
Broking giant Arthur J. Gallagher now expects to complete the acquisition of AssuredPartners in the second half of 2025, after it received a request from the US antitrust agency for additional information.
Martyn Beauchamp named FSCS CEO
Martyn Beauchamp has been appointed CEO of the Financial Services Compensation Scheme, having held the role on an interim basis since October 2023.
FCA and PRA committed to driving competition and innovation
The Financial Conduct Authority is looking at what rules can be stripped out following Consumer Duty and if fair value assessments need to be every year.
Top 100 brokers adapt as AI and smarter data shape success in 2025
The insurance industry is undergoing rapid transformation, driven by advancements in technology, evolving customer expectations, and a shifting regulatory landscape. Brokers and insurers alike are being forced to adapt to a world where data and…
Four more S166s into insurance firms
The Financial Conduct Authority commissioned four skilled person reports into insurance businesses between October and December 2024, taking the running total for the financial year into double digits.
FSCS opens to claims after Scottish broker stopped from trading by FCA
The Financial Services Compensation Scheme has opened for claims from customers of Arthur Temlett, who traded as Abacus Insurance Consultants and was forced to stop carrying out any regulated activities by the Financial Conduct Authority at the start of…
Ex-England manager Gareth Southgate among Biba conference speakers
The British Insurance Brokers’ Association has confirmed former England men’s football team manager Gareth Southgate as one of its 2025 conference keynote speakers.
MGAA’s Mike Keating sees opportunity to ramp up support material on claims
Mike Keating, CEO of the Managing General Agents’ Association, sees an opportunity to ramp up guidance on claims, while also highlighting the “extremely buoyant” MGA market.
Seven kilometre high pile – FCA moves to clarify email deletion plans
The Financial Conduct Authority has acknowledged it hit the headlines last week with criticism of its plans to delete emails held in staff inboxes after a year, and has sought to explain what it is doing and why.
Broking Success: Personable service
David Walton, senior director of commercial specialist broker Bromwall, is aiming to double turnover in five years, as the business looks to remain independent offering personable service.
FCA within a whisker of green sweep on authorisations
The Financial Conduct Authority delivered a top rating of ‘green’ across 16 authorisation metrics with only one ranked as ‘amber’ and none in the red zone during October to December last year.
6% of FCA financial promotions cases caused by GI & Protection
The Financial Conduct Authority has revealed the general insurance and protection sector accounted for 6% of its workload in the final quarter of last year against firms breaching financial promotion rules.
Lords Committee ‘unconvinced’ on FCA name and shame proposal
The House of Lords Financial Services Regulation Committee is unconvinced on the FCA’s name and shame plans as it branded the consultation an “abject failure” and urged if concerns have not been addressed in the regulator’s second consultation the…
Tributes paid following the passing of ‘one of the great characters’, Mike Slack
Former British Insurance Brokers’ Association board member and managing director of specialist motor trade intermediary Road Runner, Mike Slack, has died.
Blog: The compliance threat to M&A
Jill Hambley, managing director of Insurance Compliance Solutions, tackles the compliance basics smaller brokers must keep front of mind before listing a business for a potential sale to make sure any deal doesn’t end up on the scrapheap.
FCA issues restrictions on Scottish broker because of personal lines premium concerns
The Financial Conduct Authority has taken action to stop Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.
Broking Success: Growing regional presence
Financial Affairs CEO Laurence O’Connor looks to grow the business ten fold three years ahead of schedule, after making four acquisitions in 18 months.
FCA targets 400 headcount as it continues Leeds office expansion
The Financial Conduct Authority has expanded its Leeds regional office, with 100 more people expected to join this year.
Economic Secretary Emma Reynolds supports calls for proportionate regulation
At the British Insurance Brokers’ Association manifesto launch Economic Secretary to the Treasury Emma Reynolds stated regulation “must be proportionate”.
Manifesto 2025: A ‘golden opportunity’, says Biba
The British Insurance Brokers’ Association has unveiled its 2025 Manifesto, titled ‘Partnering to deliver value’, labelling the year as a golden opportunity on regulation.