Financial Services Authority (FSA)
Con-Libs: Bank of England regulatory plan to be brought forward
The coalition agreement announced today by the Conservatives and Liberal Democrats outlines plans to bring forward the objective of giving more power to the Bank of England. However, it makes no mention of the Financial Services Authority.
Insurer ratings: The rate debate
With the troubles that have beset Quinn recently, Daniel Dunkley asks whether brokers should take more notice of whether an insurer has a rating or not.
Interview - Alex Alway: A real sense of community
Jelf chief executive Alex Alway speaks to Stephanie Denton about market speculation, Quinn, consolidation and why he still has a lot to learn about insurance.
Election result raises concerns over insurance reforms
The lack of a clear election result has raised concerns of delays to much-needed insurance industry reform and thrown existing initiatives into doubt.
Approval of Chubb's move into Lloyd's market imminent
US insurance giant Chubb is set to enter the Lloyd's market almost a decade after its failed bid to buy Hiscox. According to sources, Chubb has received conditional approval for market entry with full authorisation following a Financial Services…
Prudential takeover of AIA given go ahead by FSA
Prudential saved its takeover of AIG’s main Asian unit after reaching an agreement with the UK regulator, the Sunday Times has reported.
Lorega strike Biba deal
The British Insurance Brokers’ Association has joined forces with claims advocates Lorega to provide brokers with a free claims helpline advice service for complex claims.
Broking focus - regulation: On the radar
With the Financial Services Authority starting to show its teeth over finances, Philip Grant examines the issues surrounding legacy payments.
Dalton to take on Jacobs' role at ABI
The Association of British Insurers has confirmed the appointment of Justin Jacobs' successor as head of property, motor & liability.
Fortis affinity boss Carter to lead Tesco Underwriting
Fortis and Tesco Bank have unveiled the structure of their general insurance partnership.
FSA to end cashless financial reinsurance use as Tier 1 capital
The FSA has responded to the recent trend for UK insurers to strengthen their capital base using cashless financial reinsurance (CFR) - a transaction with no upfront cost - by proposing it should no longer count as Tier 1 capital by October 2010,…
FSA to consult on FSCS changes
The Financial Services Authority has today issued a consultation paper that includes proposed Handbook changes in relation to financial stability and market confidence.
FSA reassured over Quinn as administrator plans 20% UK rate hikes
The Irish Government has written to the Financial Services Authority to assure it that any funding needs which emerge at Quinn Insurance’s business there will be met.
Regulator gives Quinn green light for partial UK underwriting return
The Financial Regulator has today modified the direction issued to Quinn Insurance to permit the company to write motor insurance cover for provisional driver licence holders in the United Kingdom (including Northern Ireland).
Mutuals welcome Lib Dems manifesto nod
The Association of Financial Mutuals has welcomed the Liberal Democrats' vow to support the mutual sector in playing a larger role in the future of financial services, if the party forms part of a new government.
Waiting game for Quinn staff over UK comeback
Quinn Insurance should discover whether it can begin underwriting UK business again by the end of the week, Post understands.
Quinn UK re-opening D-day tomorrow as individuals cited for woes
It has been claimed that the Financial Regulator is investigating improper conduct by individuals as well as at the failure of systems and internal controls which led to Quinn Insurance's solvency problems.
New Irish Regulator challenges Quinn to "show me the money"
The new Financial Regulator Matthew Elderfield yesterday challenged Quinn to “show him the money”.
Editor's comment: Taking your chances offHollywood Boulevard
For American movie lovers, if a film is said to be "unrated" it normally means that it is likely to be a bit edgier than the standard offerings pumped into the multiplexes and video chains.
RSA and Catlin confirm FSA solvency II support roles
RSA and Catlin have been named as two of the insurers which worked with the Financial Services Authority on a Solvency II pilot scheme to design the internal models and work out how they will be approved by the regulator.
Someone to watch over me
If the FSA's plans to create a consumer protection committee go ahead the insurance industry may find itself under intense scrutiny, writes Daniel Dunkley.
Learning to live together
Insurers and brokers may be feeling disillusioned with aggregators but learning to adapt to the model could prove profitable, explains Mathew Rutter.
See you later, aggregator
Industry commentators are predicting a crackdown on web aggregators - but will the sites' popularity with consumers beat expectations? Rachel Gordon reports