MCE Insurance CEO Julian Edwards has pledged legal action against the Gibraltar Financial Services Commission following the appointment of administrators at MCE’s Gibraltar-based insurer.
As part of its transformation to become a more innovative and assertive regulator, the Financial Conduct Authority has confirmed more decisions will be taken by its senior managers than by the Regulatory Decisions Committee.
The Gibraltar Financial Services Commission has denied accusations made against it by MCE Insurance earlier this week in the wake of MCE’s Gibraltar-based insurer being put into administration.
MCE Insurance has alleged that it tabled proposals to “immediately meet any shortfall” in the capital requirements of its Gibraltar-based insurer but these were declined by the Gibraltar Financial Services Commission ahead of the provider's collapse last…
Welcome to the first in a two part podcast series about operational resilience brought to you by Claims Consortium Group and Insurance Post.
The Financial Conduct Authority's pricing review will bring the most “endemic” change the insurance market has experienced in a long time and the work that comes with it should not be underestimated, according to Axa Retail CEO Tara Foley.
The debacle which led to the Financial Conduct Authority ordering Munich Re Digital Partners to get John Lewis to pull its ‘Let Life Happen’ home insurance advert has intensified the focus on appointed representatives, a sector not short of regulatory…
In its pre-budget statement the Association of British Insurers called on the government to reform the financial services regulation inherited from the European Union and unlock nearly £1trn over 15 years that could be invested in the UK’s transition to…
The Serious Fraud Office spent £9.5m on its six-year criminal investigation into historic accounting practices at outsourcer Quindell, Post can reveal.
The Financial Services Compensation Scheme has dropped its 2021/22 levy to £717m from a forecast £833m as it cancelled the predicted £116m contribution to the retail pool.
The government’s second consultation on regulatory framework reform has received a mixed response from trade bodies.
Sicsic Advisory climate change lead Kelly Coombes considers changing expectations under environmental, social and corporate governance - and what insurance firms need to do in practice.
With a growing trend towards compliance with climate-related reporting standards and a flurry of other regulatory proposals in the post, companies and their insurers will be forced to put green issues at the head of the agenda if they haven’t already…
Post rounds up the insurance news and announcements from the first week of COP26 in Glasgow.
Two reports released on COP26's finance day highlight mountains insurers – and others – have yet to climb in the climate challenge.
The influential insurance sector must do all it can to help combat the climate emergency, blogs Ben Wilson, Association of British Insurers' director of corporate affairs and climate change.
Insurance premium tax went unmentioned in the Autumn Budget announcement.
Gefion's administrators are looking to appeal against a German ruling that it is bound by an insurance framework agreement with Charterline.
John Lewis has pulled its controversial home insurance advert, which depicted a boy in a dress dancing around a house, following regulatory intervention.
Trade Voice: Apil's Neil McKinley on why a total ban on cold calling would be an easy win for the government
Neil McKinley, president of the Association of Personal Injury Lawyers, argues that cold calls are far more than just a nuisance and that restrictions introduced in 2018 do not go far enough.
Saga was fined £225,000 by the Information Commissioner’s Office in September after it was found that its marketing partners had sent millions of nuisance emails, highlighting the pitfalls companies face chasing leads.
A Ministry of Justice representative has said it will 'reflect' on communication around the Official Injury Claim portal.
Official Injury Claim data has raised questions among insurers and claimant representatives, with one expert warning trends "strongly" imply teething problems warnings hold true.
Ministry of Justice data shows that nine in ten claimants using the Official Injury Claim whiplash portal have done so using a lawyer or other representation.