Professional Indemnity Insurance Requirements - Revised Rules
Following the recent publication of two consultation papers in relation to PII requirements for Investment, Fiduciary and Insurance sectors, when interested parties were offered an opportunity to...
View ArticleMr Gary William Jason Durkin
On 7 September 2022, the Commission imposed a discretionary financial penalty of £35,000 on Gary William Jason Durkin. The above financial penalty was imposed on Mr Durkin following his failure to...
View ArticleMr Geoffrey John Trebert
On 15 September 2022, the Commission imposed a discretionary financial penalty of £87,500 on Geoffrey John Trebert and prohibited him from holding the position of controller, director, partner,...
View ArticleConsultation on ‘six directorship’ exemption for directors
The Policy & Resources Committee has today published a Consultation Paper seeking views on a proposed change to the requirements which affect some individuals acting as company directors, by way...
View ArticleConsultation Paper on Rules for Retail General Insurers
Today, the Commission issued a Consultation Paper on Retail General Insurers. General, as opposed to life, insurance concerns coverage for house contents, bikes, health costs and so on. Guernsey...
View ArticleTwo-factor authentication (‘2FA’)
Further to the announcement in our 2021 Annual Report advising of our intention to implement mandatory two-factor authentication (‘2FA’) on our Online Portals for all our regulated entities, we have...
View ArticleConsultation on Disclosure Rules for Insurance Intermediaries
Today, the Commission has published a consultation paper proposing amendments to the rules for insurance intermediaries to include some additional disclosure requirements. This affects the thirty-five...
View ArticleFurther update specifically for TieCare International policyholders of GBG...
The administrators of GBG Insurance Limited have announced that they have reached an agreement which has secured a buyer for parts of Global Benefits Group’s international education insurance...
View ArticleFeedback Paper following consultation on the Rules for Retail General Insurers
The Commission has today issued a feedback paper following the consultation on rules for retail general insurers issued in 2023. The Commission is grateful to all those who responded. We have...
View ArticleFeedback Paper following consultation on the Disclosure Rules for Insurance...
The Commission has today issued a feedback paper following the consultation on disclosure rules for insurance intermediaries issued in 2023. The Commission is grateful for the responses received. The...
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