Insurers may have to circle wagons - papers 31 August

The FT says the conclusion is based on analysis of FSA motives in seeking to stamp its authority over an area it has previously not controlled. ”The FSA are determined to demonstrate that they mean business on this. If a company is not taking regulation seriously then I'm sure the FSA will act. If someone is just paying lip-service to the rules, they would regret it,” says David Rush, partner at Deloitte. Fewer than 10,000 licences to trade in general insurance have been issued so far, leaving thousands of companies at the mercy of the FSA’s application deadline, which has long since ...