|FATCA - Update
We, along with Grant Thornton, have been liaising with the Brokers Compliance Officers about our members' compliance with FATCA.
have been very positive and the MGAA intends to have continued
representation at the Brokers Compliance Officers meetings in order to
develop a cohesive approach to tackling current compliance issues.
Two points for communication to our members arose at the most recent meeting. These are:
When requested by a broker, the Brokers Compliance Officers would like our members to always provide a completed W-Series form
If providing a
W-8IMY, the Brokers Compliance Officers would like the form to be
accompanied by a completed withholding statement and the requisite
W-Series forms from the parties listed on the withholding statement.
Further resources on FACTA can be found on the MGAA website.
Lutine Assurance Services
member Lutine Assurance Services, part of RDG, the UK subsidiary of
Ryan Specialty Group, is looking to double in size this year following a
period of retrenchment in 2014. According to new business director
Andy Coles, the business is now fully integrated into RDG and will take
advantage of RDG’s sales, renewals and service capabilities to rebuild
the business, which writes individual and group life and protection
primarily for SMEs. To read Andy’s comments click here.
MGAA – On the Road
Staddon, Managing Director, and Jane Comerford, General Manager, have
been speaking at a number of venues around the country.
This year we have spoken in Gloucester, Manchester, Exeter and Maidstone. Peter will be in Liverpool on the 9th June at the Racquet Club in Chapel Street. For further details or to join Peter and Jane please contact Peter Staddon.
For those of you who missed our March 2015 compliance newsletter it can be viewed here.
The latest regulatory calendar can be viewed here.
Welcome to the very first Insly newsletter!
The insurance industry is going through some exciting changes and there
are plenty of stories from innovators all over the world. Insly
thought it would be a good idea to share some of these with you as well
as keep you up to date on what´s happening with them.
If you would like to receive these newsletters, subscribe here.
Advent – Flood Excess cover
Paul Dunlop from member firm Advent has advised that they are able to assist with a Flood Excess policy. For further details contact Paul Dunlop.
MSL Legal Expenses
Welcome to this month's newsletter.
As well as a feature on the recent increase in court fees, we've also
included a review of the Hyundai i20 and there's a chance to find out
more about the MSL team too.
of our regional members have expressed a wish to undertake a tour of
Lloyd's. Dates are still to be confirmed but if you are interested
in attending contact Teresa De Atouguia.
Welcome to the first edition of our newly branded OS News Update for Financial Services!
As you'll see, we've gone through quite a few changes lately; not least our brand refresh complete with logo.
The OS News Update
will keep you up to date with the latest industry news, OS events and
information about what's happening around the business, as well as
Have a look around, see what you think and please let us know if you have any feedback or ideas for future editions.
Gallagher Basset are supplier members who provide claims handling facility for MGA. To view their new brochure click here.
On Tuesday 17th
February Andrew Sewell, Claire Miles and Richard Codd hosted a client
webinar on the MOJ Portal reforms on UK Employers and Public Liability
claims, 18 months since the changes were enacted.
Key areas covered included:
- Have defendants risen to the challenge – the time limits set by the portal?
- Have attitudes changed – are more claims resisted/death of contributory negligence?
- Inadequate information on a CNF – abuse of the portal regime or a problem with the Protocol?
- Are Postal CNFs still an issue?
Also various other hints, tips and comment. You can listen back to the session here.