Latest by Jonathan Charwat

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FCA issues Final Report in the Wholesale Insurance Broker Market Study

Published on 20 February 2019. By Matthew Griffith, Partner and Jonathan Charwat, Senior Associate

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Today, the FCA released its Final Report in its Wholesale Insurance Broker Market Study. The study, which was launched in 2017, considered competition, transparency and conflicts concerns arising from changes in the market, including an increased use of broker facilities.

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The Automated and Electronic Vehicles Bill

Published on 04 July 2017. By Richard Breavington, Partner and Jonathan Charwat, Senior Associate

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The Automated and Electronic Vehicles Bill was announced during the Queen's Speech and is intended to put the UK at the forefront of the driverless car market, estimated to be worth £28bn by 2035.

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Continued FCA focus on appointed representatives – more regulatory interventions in the London Market

Published on 27 June 2017. By Jonathan Charwat, Senior Associate

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FCA announce follow up supervisory work and regulatory interventions on insurance intermediaries with networks of appointed representatives (ARs).

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FCA publish consultation paper on the Insurance Distribution Directive

Published on 19 April 2017. By Jonathan Charwat, Senior Associate

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The FCA has published the first of two consultation papers setting out its proposals for transposing the Insurance Distribution Directive (IDD) into English law.

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M&A deal trends

Published on 06 February 2017. By Jonathan Charwat, Senior Associate

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Deal trends for the UK M&A market in 2017

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Insurance Companies and the Modern Slavery Act

Published on 17 January 2017. By Jonathan Charwat, Senior Associate

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As the new financial year is soon to arrive, companies will soon have to file their Slavery and Human Trafficking (SHT) statements. RPC has previously written about their general applicability and now will examine its impact on insurance companies.

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"Refine but not replace Solvency II" declares the ABI

Published on 21 November 2016. By Jonathan Charwat, Senior Associate

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In its response to the Select Committee inquiry into the impact of Solvency II (as reported by us in September), the Association of British Insurers (ABI) has called on the Government to refine and not replace Solvency II. The response also claims that the implementation of the new regulations is harming customers, distorting markets and potentially unnecessarily affecting UK firms' ability to compete in the EU and globally.

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Approaches to supervising the conduct of intermediaries, IAIS paper

Published on 21 November 2016. By Jonathan Charwat, Senior Associate

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The International Association of Insurance Supervisors (IAIS) has published an application paper on approaches to supervising the conduct of intermediaries.

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ABI releases checklist on effective counter fraud practices

Published on 29 September 2016. By Jonathan Charwat, Senior Associate

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Earlier this month, the ABI released a checklist on effective counter fraud practices. The checklist is designed to assist insurers in putting in place strong fraud defences. It is particularly aimed at smaller insurers with limited counter fraud functions.

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Select Committee Inquiry into the impact of Solvency II

Published on 26 September 2016. By Jonathan Charwat, Senior Associate

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Last week, the House of Commons Treasury Select Committee announced on the parliament website that it is holding an inquiry into the new regime for insurance regulation under the Solvency II Directive (2009/138/EC).

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FCA finds shortcomings in principal firms' control and oversight of their ARs

Published on 03 August 2016. By Jonathan Charwat, Senior Associate

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The Financial Conduct Authority's (FCA) report on its thematic review of principal firms and their appointed representatives (ARs) has identified significant shortcomings in their control and oversight.

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Part VII transfers: Court protects policyholder interests by modifying guarantees

Published on 29 July 2016. By Jonathan Charwat, Senior Associate and Matthew Griffith, Partner

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High Court uses its powers to ensure third party guarantees continue to apply in the same way following Part VII transfer

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"New" Third Parties (Rights Against Insurers) Act and what corporates need to know

Published on 31 May 2016. By Jonathan Charwat, Senior Associate

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The Third Parties (Rights Against Insurers) Act 2010 and the late payment provisions in the Insurance Act 2015 changes are set out

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Broker M&A – indemnity revisited

Published on 07 August 2015. By Jonathan Charwat, Senior Associate

Last year, we reported on a High Court decision on the proper interpretation of an indemnity in a share sale agreement relating to an insurance broker.

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Senior insurance managers regime – proposals for NEDs

Published on 27 February 2015. By Jonathan Charwat, Senior Associate

Last year, we reported on proposals for a new senior insurance managers' regime ('Senior insurance managers - all change!').

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Broker M&A –how far does your indemnity go?

Published on 28 November 2014. By Jonathan Charwat, Senior Associate

A recent case in the High Court has demonstrated how a court may construe a contractual indemnity in the context of broker M&A.

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