Regulation
Directors' and officers': Under the spotlight
With boardrooms coming under increasing scrutiny, the potential for expansion in the D&O market is being recognised by savvy insurers, especially in the SME space.
Riot claims: Disorderly conduct
The fallout from last summer’s riot continues to rumble on, with consequential loss claims against the police relying on principles that can be traced back to the age of Robin Hood.
Post magazine – 2 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Hong Kong to launch policyholder's protection fund
Hong Kong’s government will establish a policyholder’s protection fund after reviewing the conclusions of a public consultation, according to the region's information services department.
IRDA snubbed as India's finance ministry forms insurance committees
India’s finance ministry has formed four committees to consult on insurance business in the country, drawing representatives from insurance companies, industry bodies, rating agencies and finance ministry officials.
Arc Legal teams up with Swinton Commercial
Arc Legal Assistance has secured a deal to provide commercial legal expenses and an extended online employment manual service to Swinton Commercial.
First Assist "regrets" lack of clarity on Laspo bill
Legal expenses provider First Assist has welcomed the six month delay to the Legal Aid, Sentencing and Punishment of Offenders bill stating it was “a limited reprieve” for those making claims next year.
Slater & Gordon to enter UK legal market
Australian law firm Slater & Gordon has agreed to acquire the business of UK law firm Russell Jones & Walker for £53.8m subject to the grant of an Alternative Business Structures licence by the UK Solicitors Regulation Authority.
Europ Assistance completes MBO
Europ Assistance Holdings has completed a management buyout to become an independent entity.
EC data privacy proposals costly for EU businesses
Proposals for new privacy regulations for companies handling EU citizens’ data may increase demand for cyber liability solutions, according to Lockton.
Solvency poll results
Will Solvency II cause captives to re domicile?
Fresh delay for Solvency II
Solvency II may not be implemented until 2015 – two years later than planned, according to a report in the Financial Times Deutschland.
Solvency II faces further delay
Solvency II may not be implemented until 2015 – two years later than planned, according to a report in the Financial Times Deutschland.
Tawa, Skuld and Paraline complete Whittington deal
A consortium comprised of Tawa, Skuld, and Paraline Group has completed on the acquisition of Whittington Insurance Market.
Editor's comment: An unexpected return
The recent exploits of Robbie Keane, Thierry Henry and Paul Scholes have illustrated that you cannot keep a good player down. Even if many fans had expected never to see them grace a Premier League football ground again.
EC insurance unit head explores further regulation for claims activities
More than a decade after the idea of regulating loss adjusters and other claims-related service providers was first mooted, a new European Commission proposal could see the plan resurrected, Post has learnt.
North of the border: Civil Justice Council for Scotland
Lord Gill's recommendations will establish a body to progress procedural changes, says Catriona Stewart.
Post magazine – 26 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Solvency II run-off concerns still not met
The Solvency II exemption for run-off companies fails to meet the expectations of many in the industry, according to run-off specialist Ruxley Ventures.
Governments should act like companies, says Geneva Association
Governments of risk-prone countries must make progress in understanding the risks their countries are exposed to and learn to manage them properly, according to the Geneva Association.
Straw’s motor bill awaits second reading
Jack Straw’s Motor Insurance Regulation Bill is set to have its second reading in the House of Commons today.
Your say: Tackle the dealers
I read with interest the recent article regarding the industry’s battle against metal thefts — ‘United response called for as metal theft cases see substantial increase’ – and fully support a more co-ordinated approach by insurers to tackle this issue.
Post magazine – 19 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Thai cat fund given green light by regulator
The Office of Insurance Commision, Thailand’s insurance regulator, has passed a resolution to establish a 50bn baht (€1.2bn) catastrophe fund for floods, windstorms and earthquakes.