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OFT to refer motor insurance to CC

Dentons
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United Kingdom
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June 8 2012

OFT has discovered that practices in the motor insurance market are allowing insurers to push up premiums and has provisionally decided to refer the private motor insurance market to the Competition Commission

FSA fines firm and bans executive chairman for corporate governance failings

Dentons
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United Kingdom
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May 11 2012

FSA has fined Mitsui Sumitomo Insurance Company (Europe) Ltd (the firm) £3,345,000 and has banned its former executive chairman, Yohichi Kumagai, and fined him £119,303

Up next from FSA

Dentons
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United Kingdom
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February 3 2012

FSA's latest Policy Development Update highlights the following documents expected before the end of March 2012

FSA wins “warranty” appeal

Dentons
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United Kingdom
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December 1 2011

FSA has confirmed the Court of Appeal upheld a decision that two unauthorised companies providing what they described as “extended warranties” over satellite TV equipment were in fact providing contracts of insurance

Directors and officers liability insurance

Dentons
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United Kingdom
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November 24 2011

The manner in which directors of companies, incorporated in England Wales, perform their functions and the circumstances in which they discharge their duties vary from company to company

FSA consults on auditor and supervisor cooperation

Dentons
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United Kingdom
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February 18 2011

FSA is consulting on a draft code of practice on which it has worked with the Bank of England to enhance the dialogue between supervisors and external auditors of firms