News
FSA publishes final sourcebook for intermediary regulation
The Financial Services Authority has watered down its rules regarding the regulation of the sale and administration of general insurance, as set out in its conduct of business rules today.
RSA continues disposals with £100m deal
Royal & Sun Alliance has agreed to sell its 37.1% shareholding in South African-based Mutual & Federal Insurance to the Old Mutual group, which is Mutual & Federal's majority shareholder.
FSA Final Conduct of Business Rules: download report
The Financial Services Authority has published the final conduct of business rules for the sale of general insurance. To download a PDF of the full document simply click here.
Biba responds to FSA final rules
CEO to press for "satisfactory resolution" to risk transfer issue
CEA opposes gender equality insurance
The Comité Européen des Assurances (CEA) has published its reasons for opposing gender equality in insurance.
Owen steps down at Zurich
Zurich has appointed a new head of its consumer general insurance business. Mark Winlow will take over as Managing Director of UK Personal Lines with immediate effect. Ian Owen, the former head, has left the company to pursue his career elsewhere.
ZFS to create new business division
Zurich Financial Services is to regroup the business in Europe to create one new business division.
Reinsurance market holds steady during renewals
The reinsurance market generally maintained underwriting discipline during the 2003/4 renewal season, despite ample capacity and signs of resurgent competition, according to a report from Benfield.
RL Davison in management reshuffle
R. L. Davison, the specialist Lloyd's and London Market broker, has made three major appointments to the senior management of the company.
Gupta to leave Kinnect
Ashok Gupta, chief executive offiver of Lloyd's- sponsored trading venture Kinnect, is to leave the Corporation after three years.
US partner buys out claims management specialist
Peter Wyatt has resigned as chief executive officer and managing director of national claims management company Wyatt Gallagher Bassett.
Cobra appointments boost offering
Independent commercial broking alliance Cobra, has announced three new appointments to strengthen its compliance and broker development teams.
Most London market insurers sorted over Federal Excise Tax
A majority of London company market insurers and reinsurers have now taken the necessary steps to evidence their exemption from Federal Excise Tax , the International Underwriting Association has revealed.
More Th>n enters commercial market
Royal & SunAlliance's direct arm More Th>n enters the small commercial market today with the launch of More Th>n Business.
AIG set to win £36m in court case
Turkish football club Galatasaray may be forced to pay $66m (£36m) to AIG, if it looses an arbitration case brought by the insurer, according to daily news wire Sabah.
GAB selected for Camberford Law network
Loss adjuster GAB Robins has been appointed as the sole supplier of loss adjusting services to Camberford Law's recently launched broker network - Network Extra.
Benfield continues global expansion
Broking giant Benfield has acquired the entire issued share capital of Airs Re, the Australian based reinsurance broker, through its wholly owned subsidiary Benfield (Australia). The consideration payable is up to AUS$ 800 000.
FSA sets final rules date
The Financial Services Authority will be publishing its three sets of final rules for the insurance industry - general insurance, prudential requirements and Appointed Representatives next Tuesday, 20 January.
Aspen expands US arm
Bermuda-based Aspen Insurance Holdings is expanding its US property reinsurance arm with the creation of a new property reinsurance team.
Senior staff more likely to hack
Senior employees, rather than junior and temporary staff, are more likely to perpetrate insurance cy...
Time to Test Yourself
A selection of questions from various past CII qualification papers. Studying for Chartered Insurance Institute exams or just want to test yourself? See how you fare with these questions - answers on the right
CIPD: adding value to courses
Training courses are of little value to businesses and organisations unless the results are properly...
SCFS targets insurers and brokers for pilot
The Skills Council for Financial Services is targeting brokers, loss adjusters and small insurers wi...
NIG shake up sees Bunker step down as MD
RBS Insurance today announced that Charles Crawford will assume responsibility as managing director of NIG following the decision of Phil Bunker to leave in March 2004.