Editor's view: CII's corporate chartered status overhaul must add rigour

At the organisation's October 2024 AGM, the CII faced a tough line of questioning from one of its insurance members over the level of scrutiny applied to chartered firms and whether current standards are fair to the public. The individual in question, a former whistleblower, quizzed CII CEO Matthew Hill over why a chartered firm fined £4m by the FCA in 2017 over conflict-of-interest management failings was allowed to retain its chartered status in the months that followed. The business, understood to be Bluefin, had been bought by insurance giant Marsh by the time of the fine relating...