News
Irish Legal Services Regulation Bill approved
The Minister for Justice, Equality and Defence, Alan Shatter, TD, has secured government approval for the publication of the new Legal Services Regulation Bill.
Small firms to welcome Solvency II delay
Smaller UK firms will be relieved by the Solvency II deadline delay as it allows more time to prepare.
Law firm raises issues over FSA customer compensation drive
City law firm Reynolds Porter Chamberlain claim the Financial Services Authority is aiming to force financial services firms to provide 100% redress to customers who have suffered financial loss even if the loss was not caused by the firm’s rule breach…
Brit acquires public entity package team from HCC
Brit has opened a new office in Richmond, Virginia to underwrite first dollar package business for the public entity sector.
Beazley expands underwriting team
Construction and engineering risks insurer Beazley is expanding and restructuring its global underwriting team.
Ferma 2011: Sophisticated risk managers aware of insurance market issues
Modern risk managers are more sophisticated in their needs and are well aware of insurance market problems according to senior vice president at Chubb.
German non-life sector remains stable, according to Fitch
The outlook for the German non-life insurance sector remains stable, according to a new report from Fitch ratings service.
BGL profits up to £72m
BGL Group has reported a pre-tax profits of £72m, which is a year on year growth of 16 per cent for its financial results for the year July 2010 to June 2011.
Clarity needed on Solvency II
Lloyd's has responded to the Financial Services Authority Solvency II revisions.
Sword Insurance becomes Agency Port
The insurance software business bought out of Sword Group has changed its name to Agency Port and says it has companies knocking on its door wanting to be bought.
ABI says Solvency II delay ‘sensible’
The Association of British Insurers has described the Financial Services Authority’s announcement on the delay to Solvency II as “sensible”.
53 firms enter the ARP
The Solicitors Regulation Authority has confirmed that as of 4 October, a provisional figure of 53 firms had failed to find professional indemnity insurance on the open market and had entered the Assigned Risks Pool.
The Insurance Charities names president
Chartered Institute of Loss Adjusters development director Graham Cave has become president of the Insurance Charities.
FSA Solvency delay “an opportunity”
Insurance consultants have put a brave face on the FSA’s announcement that it expects to delay Solvency II by a year to 1 January 2014.
VRS Vericlaim aims to double in next five years
UK loss adjusting firm VRS Vericlaim, part of the European VRS Network, has revealed plans to double in size in the next five years.
Ferma 2011: Risk consultancy Herco aims to open in Spain by Q2 2012
MDS owned risk consultancy Herco is expanding into Spain in 2012.
Ferma 2011: News round up
The Federation of European Risk Management Associations has said it will continue its fight for broker transparency and aims to convince the European Commission to include it in the next version of the Insurance Mediation Directive.
Swinton to join the IFB
Swinton has agreed to become an affiliate to the Insurance Fraud Bureau.
Ferma 2011: Risk managers must 'upskill' for future
Risk managers have been urged to "upskill" by Ferma vice president Julia Graham.
Ferma 2011: Ferma aims to get transparency disclosure into IMD
The Federation of European Risk Management Associations has said it will continue its fight for broker transparency and aims to convince the European Commission to include it in the next version of the Insurance Mediation Directive.
FSA expects Solvency II to be delayed
The Financial Services Authority has said it expects insurers to have to comply with Solvency II rules from the delayed 1 January 2014 date.
Ferma 2011: Torus to bring property underwriting to French office
Insurer Torus has confirmed that it will be bringing property underwriting to its French operation.
Ferma 2011: Politics will continue to influence cross-border trade, says JLT
Politics are exerting ever greater influence over cross border trade and this influence will continue, Nick Robson, JLT Specialty has warned.
Catlin Group chief scoops 'UK entrepreneur of the year' accolade
Catlin Group chief executive Stephen Catlin has been named Ernst & Young’s ‘UK entrepreneur of the year.