Unlicensed Overseas Insurers and UK Regulatory Compliance
Please note: In-person spaces for this briefing are fully booked. Please join us online.
Date: Tuesday, 19th November 2024
Time: 9:30 AM – 11:30 AM
Where: Hybrid: Online and In-Person (Ground Floor Business Lounge, 1 Minster Court)
Speaker: Kenneth Underhill, ICSR
Recent discussions within the market have raised concerns regarding the use of unlicensed overseas insurers. Specifically, MGAs that underwrite in the UK on behalf of overseas insurer principals who are not licensed to do business in the UK may inadvertently be bringing those insurers “onshore.” This practice is unlikely to comply with UK regulations unless the capacity provider has entered a fronting arrangement with a UK-authorised insurer.
To support our members in navigating this issue, we are hosting a webinar with Kenneth Underhill from ICSR. This session will provide clarity on the topic, along with an opportunity for attendees to ask questions.
Event Highlights:
- Understand the legal implications of underwriting for unlicensed overseas insurers in the UK.
- Learn about potential compliance risks and how to mitigate them.
- Gain insights on the role of fronting arrangements with UK-licensed insurers.
The webinar will be recorded, and the slide deck will be available after the event for those unable to attend live.
