The Philippines government has been urged to probe its reinsurance industry after a lawyer claimed that one of the nation 's airlines had been linked to companies being investigated by the UK 's Financial Conduct Authority ( FCA ) . Lawyer Jose Reyes , who represented one of the UK ’s non - life insurance companies , said foreign reinsurers operating in the southeast Asian archipelago would be investigated . Brokers will effectively be underwriting risk and doing insurance business without a licence by divulging restricted information and poaching insurance clients, Bernas added. It follows the FCA 's announcement that it would question reinsurers Aon , Smith & Thompson , Willis Towers Watson , UIB and Marsh in relation to allegations about providing classified information .
The Philippines government has been urged to probe its reinsurance industry after a lawyer claimed that one of the nation 's airlines had been linked to companies being investigated by the UK 's Financial Conduct Authority ( FCA ) . Lawyer Jose Reyes , who represented one of the UK ’s non - life insurance companies , said foreign reinsurers operating in the southeast Asian archipelago would be investigated . It follows the FCA 's announcement that it would question reinsurers Aon , Smith & Thompson , Willis Towers Watson , UIB and Marsh in relation to allegations about providing classified information .