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Bid defence brings Converium results forward

In what will be interpreted as a bold move in its defence of the hostile takeover bid from French reinsurer Scor, Swiss reinsurer Converium has brought forward its 2006 annual results by three weeks to 28 February.

Converium also said it will use the occasion to present its medium-term strategic plan and the steps towards achieving its sustainable return on equity target of 14% by 2009.

The company said Inga

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Fair value rules still fail brokers and consumers alike

Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

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