French insurance coverage group Wakam has informed brokers pondering of organising their very own managing normal brokers to contemplate it as a capability associate after receiving regulatory approval for a brand new UK subsidiary.
As of immediately it confirmed that it had obtained approval as a licensed and controlled insurer by the Monetary Conduct Authority and Prudential Regulation Authority to assist the launch of Wakam UK Restricted.
It had been beforehand granted full department authorisation by the PRA to function within the UK efficient 24 October 2023 appointing former RSA private traces boss Mark Christer, pictured, as UK department supervisor.
“Underneath department [approval] there are particular issues you are able to do, and sure stuff you can’t,”
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