UK’s FCA caps Markerstudy growth over governance weaknesses

The UK’s Financial Conduct Authority (FCA) has placed growth restrictions on Markerstudy, halting the insurer’s acquisition-driven expansion plans, reported the Financial Times. The action follows concerns about shortcomings in leadership structures, governance and internal financial controls, issues that have reportedly arisen from the UK-based company’s acquisition strategy. The FCA’s measures include capping both customer numbers and capital levels within Markerstudy’s UK operations. These constrain ...