This presentation will address (i) the different legal and regulatory risks which can give rise to personal liability for board members and other senior personnel when carrying out their roles within governance structures, and (ii) the ways such risks can be prevented, reduced or mitigated.
Learning Objectives
At the end of this session, delegates will be able to:
- Explain the nature and scope of the legal and regulatory obligations and risks facing an MGA’s board members individually and collectively.
- Outline the ways in which board members can meet such obligations and prevent or reduce their exposure to such risks.
- Summarise the ways in which those risks can be mitigated if they should crystallise.
About the Presenter
Jeremy Irving
Jeremy Irving is a Partner and Head of Financial Services Regulation at Browne Jacobson LLP.
His work with MGAs and other insurance firms includes advice on environmental, social and governance (ESG) issues, such as senior manager training, board effectiveness, the Consumer Duty, Operational Resilience and Vulnerable Customers.
All of these issues involve assessing the interaction and effects of: the individual and collective behaviour and responsibility of business leaders; the process and implementation of decision-making; and the nature of a firm’s culture and its treatment of customers, employees and other stakeholders. Jeremy has wide expertise in regulatory supervision, notifications, whistleblowing, investigations and enforcement – including on conduct, governance and prudential matters in multiple financial services sectors.
Tom Murrell
Tom Murrell is an Associate in the Financial Services and Insurance team at Browne Jacobson LLP.
Tom previously worked for the FCA, gaining a wealth of experience acting on significant financial crime and regulatory enforcement cases.
His work with insurers and MGAs includes advice on ESG issues related to board effectiveness and the Consumer Duty, and on complex professional indemnity insurance litigation. Tom has also advised clients on the alignment of governance processes with FCA rules, and as to the reporting and notification of rule breaches.
