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Failure of governance and oversight lead to £9.6m fine for underwriters from PRA

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Martin Cloake

1 min read
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UK regulator sends strong message on standards expected.

Failure to comply with regulation on governance and oversight of a wide range of activities has led to a fine of £9,695,000 ($10,855,152) for MS Amlin Underwriting Limited (MSAUL). The UK’s Prudential Regulation Authority (PRA) imposed the fine for failings that took place between September 1, 2014 and December 31, 2019.

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