“After weeks of speculation, the overall feeling is one of ‘much ado about nothing’ – especially if you’re a firm doing the right thing,” said Michael Sicsic, managing partner of Sicsic Advisory, on the Financial Conduct Authority’s premium finance market study update. The regulator confirmed today that it is not going down the route of … Read more
Victor Insurance UK has launched a contractors all risks insurance product targeting contractors and subcontractors with up to £20m in annual revenue. Developed in collaboration with A-rated specialist engineering and technology insurer, HSB, the managing general underwriter’s CAR insurance offers policy maximums up to £10m per construction project. Victor added that the policy is primarily … Read more
The Financial Conduct Authority has confirmed it is not going down the route of banning broker commission in premium finance and will not be forcing a 0% annual percentage rate or introducing a single level market-wide cap. The watchdog launched a review into premium finance for motor and home insurance last October saying it had … Read more