A useful reminder for the general insurance sector

JAMIE ROGERS | May 29, 2019

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On 20 May 2019, the FCA published findings from its multi-firm review into the supervision by principal firms of their appointed representatives (ARs) in the investment management sector (Investment Management Sector Review).This review was conducted following the publication in July 2016 of the FCA’s Thematic Review TR16/6: Principals and their appointed representatives in the general insurance sector (see our blog post here for more details) (the General Insurance Thematic Review) which identified a number of shortcomings in the control and oversight of ARs by their principal firms. The FCA states that while the Investment Management Sector Review was focussed on the investment management sector, the findings may also be relevant to principals and ARs operating in other sectors of the UK financial services industry.

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Union Mutual

Located in the Green Mountains of central Vermont and first established in 1874, Union Mutual has been providing quality insurance products for over 130 years. Operating through its extensive network of independent insurance agents, the Companies take great pride in focusing on outstanding service and treating others as we would like to be treated. The Companies'​ overall business philosophy and culture is one that strives to treat all of our business partners, be they policyholders, agents or vendors, with the highest level of fairness, integrity and respect.

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Spotlight

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Located in the Green Mountains of central Vermont and first established in 1874, Union Mutual has been providing quality insurance products for over 130 years. Operating through its extensive network of independent insurance agents, the Companies take great pride in focusing on outstanding service and treating others as we would like to be treated. The Companies'​ overall business philosophy and culture is one that strives to treat all of our business partners, be they policyholders, agents or vendors, with the highest level of fairness, integrity and respect.

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