Financial Conduct Authority

Read all of the latest news related to the Financial Conduct Authority that insurance professionals need to know!

Samsung Fire brings in KKR and Korea's wealth fund to take Canopius fully in-house
Korea's biggest non-life insurer is buying out the Centerbridge-led consortium for a reported $2.2bn (around £1.6bn), with KKR and Korea's sovereign wealth fund as co-buyers
Samsung Fire brings in KKR and Korea's wealth fund to take Canopius fully in-house
Same vet bills, opposite prices: US pet insurance booms as UK premiums slide
American owners are buying cover in record numbers as treatment costs climb. In the UK, a price tussle is cutting premiums even though vet fees have not come down
Same vet bills, opposite prices: US pet insurance booms as UK premiums slide
BIBA and Intact launch hub to help new brokers get started
BIBA’s new start-up hub arrives as consolidation slows and experienced brokers weigh going it alone
BIBA and Intact launch hub to help new brokers get started
Australian watchdog hands UK-linked pet insurer Petcover a 'Shonky' award
Consumer group CHOICE says the group's Economy policy resets cover every year, stripping out conditions a pet has already had
Australian watchdog hands UK-linked pet insurer Petcover a 'Shonky' award
FCA finalises ESG ratings regime, with authorisation required from June 2028
ESG rating providers will need FCA authorisation from June 2028, in a regime that will shape how insurers use ratings in underwriting and investment
FCA finalises ESG ratings regime, with authorisation required from June 2028
Crawford’s profits rise but cash flow drops as debt climbs
Technology costs compress Broadspire margins as UK high-value TPA volumes fall in Crawford’s Q3 performance
Crawford’s profits rise but cash flow drops as debt climbs
Coversure adds medical cannabis broker as UK prescriptions surge
Dedicated brokerage targets a sector where standard commercial policies routinely fall short
Coversure adds medical cannabis broker as UK prescriptions surge
Bank of England flags insurance gaps as a systemic economic concern
A senior BoE official warns that widening coverage gaps could shift climate losses onto households, banks and governments
Bank of England flags insurance gaps as a systemic economic concern
FCA proposes scrapping Certification Regime in SM&CR overhaul
Fewer senior manager approvals and no more certification would cut red tape for insurers and brokers
FCA proposes scrapping Certification Regime in SM&CR overhaul
Deutsche Bahn captive exits reinsurance market with DARAG legacy deal
DVA Reinsurance dac hands 17 years of third-party liability to legacy acquirer as Deutsche Bahn subsidiary plans full exit from the reinsurance market
Deutsche Bahn captive exits reinsurance market with DARAG legacy deal

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