A wave of consolidation that dominated the British insurance broking sector for more than two decades might have peaked, as experts say that private-equity backed buyers are turning their attention elsewhere amid a growing scarcity of viable targets for acquisition.
The government floated the possibility of a 90-day countdown for the launch of new pensions "dashboards" for retirement savers on Tuesday, as experts warned that the prospect of bottlenecks could undermine public trust in the system.
The government confirmed on Tuesday that it has met behind closed doors with representatives of the insurance industry as the country considers whether to break from the European Union on regulation for capital adequacy for the sector.
The government confirmed on Tuesday that it has met behind closed doors with representatives of the insurance industry as the country considers whether to break from the European Union on regulation for capital adequacy for the sector.
The Financial Conduct Authority said on Wednesday that it has handed a fine of £7.88 million ($9.65 million) to insurance broker JLT Specialty Ltd. for allowing millions of dollars in bribes to be channeled to corrupt officials in Panama.