Regulation
Legal profession fears “Tesco law”
The new rules that allow non-lawyers to invest in and own legal businesses for the first time have come into force today – but have not been welcomed by everyone.
FSCS should be part of EU-wide body, says EIOPA
The EU should fund closer cooperation between the UK’s Financial Services Compensation Scheme and similar insurance guarantee schemes in all EU countries, the European Insurance and Occupational Pensions Authority has said.
In series - Lloyd's & London Market: Technological challenges
After a slow start, Lloyd’s and the London market are embracing technological developments to drive down cost, time and errors. But is its embrace of new mediums firm and fast enough?
Zurich closes Santander acquisition
Zurich Financial Services Group has closed the acquisition of 51% participation in general insurance, life insurance and pension operations of Santander in Brazil and Argentina.
Post Magazine - 06 October 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
NZ faces mass withdrawal as earthquake claims stack up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the possibility that insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
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.
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”.
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.
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.
FSA set to announce Solvency II deadline decision "soon"
The Financial Services Authority has said it is to announce the deadline for implementing Solvency II “soon”.
Insurers prepare for next solvency step before Solvency 2 is even implemented
While insurers continue to prepare themselves for the implementation of Solvency II in January 2013, many in the market are already anticipating the next regulatory regime change.
FSCS funding back under the spotlight
The Financial Services Authority is restarting its review into the funding of the Financial Services Compensation Scheme.
BIS panelists say arbitrage is inevitable under Solvency II
Arbitrage between different regulators is likely under Solvency II, according to panelists at Post’s Business Insurance Summit last week.
European contract law poll result
Does the European insurance market need an optional contract law?
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on International geocoding; and a View from the Top on the importance of collaboration and partnership for the modern broker.
International geocoding in insurance: The challenges and opportunities
Use of geocoding is common in insurers and has been for some time but Tim Spencer asks if insurers really understand the data they have at their fingertips and are making the best use of it.
Irish VHI loses ECJ case
The European Court of Justice has found that Ireland infringed European law by exempting VHI from insurance rules.
European Council adopts road safety directive
The European Council has adopted a directive on cross-border exchange of information on road traffic offences, on the basis of a text agreed with the European Parliament.
BIS 2011: Regulation and balance sheet concerns blamed for below book trading
A combination of balance sheet concerns and the impact of Solvency II was identified as the main reason why insurers are trading below the book by delegates at the British Insurance Summit yesterday.
Law firm mergers: Transforming the legal landscape
Insurer demands for scale and scope plus the emergence of Alternative Business Structures are fuelling the fires of law firm consolidation.
North of the border: UK-wide outbreak of common sense?
After reviewing the Health & Safety at Work Act 1974, Lord Young made the point that, despite significant progress and the undoubted success of the Act, the standing of health and safety in the eyes of the public has never been lower. There is a growing…
Law report: Bentley hire recoverable but door open for argument
This law report has been contributed by national law firm Berrymans Lace Mawer.