By combining a deep understanding of theory with significant in-house experience we offer a new approach to advisory, consulting & resourcing for financial services

Find out more about us

ICSR provides day to day advice, support and resource on risk, compliance and regulatory matters and when transformation is required due to the development of new products or distribution models, new laws and regulations or as a result of regulatory intervention including remediation.



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We undertake corporate governance reviews and support annual Board effectiveness reviews as well as creating operating models and Policy Frameworks to compliment Risk and Control Frameworks. We can also assist with SIMR assessments and on-boarding for directors.

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We are able to assist a new business with its application and implementation of all the necessary governance and risk, control and compliance frameworks and policies to ensure the business meets its anticipated legal and regulatory commitments.

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We have the capability to help businesses ensure they are operating good practice in areas as diverse as Financial Crime, Conduct Risk, Data Protection and Privacy and Product Governance and can undertake Compliance Department effectiveness and resourcing reviews to ensure that the controls are in place and operating effectively with appropriate MI getting to the right place.

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With the need to remain competitive and the legal and regulatory landscape changing we are well placed to support transformation projects required by a business in response to Brexit or post-acquisition.

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It is now commonplace to have the regulator reviewing the practices adopted by the industry, a segment or a particular business. We can assist where help is needed to prepare for or respond to a a business’s need to change following a new consultation paper, a thematic review or the appointment of a skilled person.

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A key element to effective risk, control and compliance frameworks is the embedding of the Board Policies and underlying Processes after delivery or transformation. We can support the embedding process with training from experts with years of experience.





“Skyline Partners have been engaged with ICSR since the beginning of the year. We have been very impressed with their knowledge and experience, particularly with regard to regulatory and legal structuring for operating as an insurance intermediary internationally . ICSR have been very flexible recognising that we are a start-up organisation. They have also made some key industry introductions for us which have been aligned to our strategy and direction and been very beneficial for us. Kenneth and Jason are a pleasure to work with and Skyline Partners would fully endorse them to any potential clients of ICSR. ”

Executive Director
Skyline Partners






“ICSR aided us in the design and development of a policy wording and associated documents. They provided us with prompt, considered, thorough and useful assistance. We intend to engage ICSR in relation to similar matters in the future”

Compliance Officer
Lloyd’s Managing Agency






“ICSR has worked closely with Gryphon during the build of our products and processes. They have helped us navigate a variety of complex regulatory issues; not least the development of our compliance framework and controls, regulatory perimeter guidance, and arrangements with business and trading partners. Jason Jones has led the ICSR team involved and his insight, efforts and assistance have been greatly appreciated. We are very happy to have ICSR as a support partner as we continue our journey.”

Simon Davis
CEO Gryphon Group Holdings & Guardian Financial Services




“They are not your typical consultants; they listen well, engage well across all levels of staff and roll up their sleeves…”

Lloyd’s of London
Managing Director




“Ken Underhill facilitated workshops for our management team, which allowed us to quickly understand the complexities of Brexit, how those issues applied to the specifics of our business and what steps we needed to take to achieve the desired result…”

An Executive of a Lloyd’s Broker




“Time after time Ken has demonstrated the ability to anticipate and identify regulatory reactions to various company actions – and inactions. Equally importantly, he understands how to craft common-sense solutions that provide compliance certainty while maximizing business opportunities…”

An International General Counsel for a US Multinational Insurer





“ICSR were able at short notice to assist us, an international insurance group with a presence in London, to prepare for and respond to a deep review by our regulators of certain aspects of our business including Governance and Conduct. ICSR were very helpful in accurately identifying the issues we needed to address and advising us on the right approach to do so. ICSR worked with us for several months while we resolved all our issues and were instrumental in helping to ensure we reached the resolution appropriate to our circumstances. In addition, ICSR provided an excellent interim Compliance Officer, and were agreeable to several necessary extensions. We were very pleased with their approach, expertise, insight and flexibility.”

A Group General Counsel for an International Insurance Group


“A very well-written article.  The best I have read on the topic by a long way.”

CEO, Lloyd’s Managing Agency


“We engaged ICSR to assist as an “extra pair of hands” to get a compliance project over the line within a tight timeline. Ken Underhill was hugely responsive and knowledgeable and made the necessary arrangements quickly and efficiently. The consultant that was assigned was just right for the job and fitted in well with the rest of the team.”

European General Counsel, global insurance group

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