FSA director insurance firms David Gittings is quitting his job after only five months to join the board of Wellington Underwriting.
The FSA stresses there was no acrimony or dispute over policy despite the short notice period – Gittings is set to leave the regulator and take up his new job next Monday on September 16, 2002. Gittings said he missed life in the commercial sector. He originally came to the FSA from Lloyd's of London, where he was director of regulation.
The FSA says he made an important contribution to insurance regulation during his short tenure, and will be announcing an internal appointment within two weeks to fill his shoes.