FCA proposes insurance shake-up after Grenfell Tower fire & more…Keep up with what has been happening this week in our latest insurance news round-up…
The Financial Conduct Authority (FCA) has released its highly anticipated report on insurance for multi-occupancy buildings, prompting new Secretary of State for Levelling Up, Housing & Communities Simon Clarke to write to British Insurance Brokers’ Association (BIBA) chief executive Steve White about “disturbing” evidence in relation to remuneration.
ABI response to FCA report on multi-occupancy buildings insurance
James Dalton, ABI Director of General Insurance Policy, says: “We remain acutely aware of the challenges leaseholders affected by the cladding and fire safety crisis are facing. We support the FCA’s recommendations on a risk sharing scheme and have been actively discussing various options with industry and Government. Our work in this area will continue at pace.
Aon has announced that it has appointed Luise O’Gorman (pictured above) as global head of ESG transaction advisory services for its M&A and Transaction Solutions practice.
LV= Insurance Pride of Cricket Awards 2022 shortlists announced
Forty-two entries have reached the voting stage of the competition. The public vote accounts for 50 per cent of the overall judging in each category, with the other half decided by a jury of cricket writers and representatives from LV= Insurance
Britain’s financial watchdog has proposed reforming how apartment blocks are insured after the deaths of 72 people in the Grenfell Tower fire in London led to rocketing premiums on policies.
