On 20 September 2018, the FCA published its Regulation round-up September 2018

Among other things, this issue contains items on insurance brokers' due diligence on insurers: the FCA refers to its webpage on insurance brokers due diligence on insurers, which sets out its expectations that insurance brokers should demonstrate that they have carefully considered the insurers that they place their customers’ business with. The webpage lists examples of what brokers should consider as part of their insurer due diligence with links to relevant web pages. The FCA says that it is planning further work to verify that insurance brokers are conducting appropriate due diligence on the insurers they use.