Regulation
Stonepoint to reduce interests in Cunningham Lindsey and Lockton – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how, according to market speculation, Cunningham Lindsey and Lockton International are both looking at options that may see private equity giant Stonepoint Capital…
Ferma lobbies Brazilian regulator on behalf of members
The Federation of European Risk Management Associations has sent a letter imploring the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market capacity and security in the interest of business and insurance buyers.
ANIA: tax burden hinders competitiveness in Italy
The Italian National association of insurance companies' managing director Paolo Garonna has lamented during a parliamentary audition that Italy's tax burden is significantly hindering companies' market competitiveness.
XL replaces Chartis in solicitors' PI top spot
The Solicitors Regulation Authority has revealed XL Insurance has the largest estimated premium at 18%, according to Professional Indemnity Insurance (PII) arrangements of firms in England & Wales for 2011/12.
Agency workers: Temporary conditions
The Agency Workers Regulations will give temporary staff the same basic rights as permanent employees. What does this mean for liability policies?
Post magazine – 10 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Oxygen to sell off remaining assets - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings, as it prepares to sell off its…
FCA and PRA collaboration is the key, says Adams
Prudential Regulation Authority boss Julian Adams has pledged the organisation will collaborate with the Financial Conduct Authority to ensure the bodies do not duplicate work.
Ace and Chubb experts lead Lloyd's environment consortium
Lloyd’s has responded to increased demand for higher levels of environment impairment liability coverage by launching its own environmental liability consortium.
Proposal seeks to lift China's foreign motor insurer ban
China may be set to lift the exclusion on foreign insurers selling compulsory motor insurance in the region.
ABI to collate members' views on Solvency II consultation
The Association of British Insurers has begun the task of compiling the views of its members following the European Insurance and Occupational Pensions Authority’s decision to launch a Solvency II consultation.
EU & US conduct tests for cyber attacks in 'Cyber Atlantic 2011'
The first test of trans-Atlantic responses to cyber incidents, including cyber attacks, has taken place in Brussels.
Reaction to proposed ELD extension
The CEA claims the proposed extension to the Environmental Liability Directive will be damaging for European insurers. Francesca Nyman asks the market for its initial reaction to the proposal.
US expected to achieve Solvency II equivalence
The US solvency regime for insurers is expected to achieve equivalence with the European Union's Solvency II requirements according to Fitch Ratings.
Firms warned of hardline FSA approach
A UK insurance boss has welcomed the Financial Services Authority proposals to properly inform customers about packaged bank accounts.
Merged trade bodies to fight for
A campaign to secure a more cost-effective regulatory environment for thousands of brokers will form the basis of the “historic” merger between the British Insurance Brokers’ Association and the Institute of Insurance Brokers.
Post magazine – 3 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
PI to be compulsory for professional body members in Italy
Professional indemnity insurance is to be made compulsory for all members of recognised professional bodies in Italy following new legislation.
Cost Advocates warns against MoJ fixed costs proposals
Costs law company Cost Advocates is advising caution on the Ministry of Justice’s proposal to set fixed costs limits on disputes in County Courts.
Mixed reaction to Webster Dixon's High Court success
Legal expenses insurer DAS has called for caution following Webster Dixon’s success in the High Court last week where the circumstances in which legal expenses insurers may not decline a policyholder’s claim were clarified.
Japanese, Swiss and Bermudian regimes largely equivalent to Solvency II, says Eiopa
The supervisory systems operating in Switzerland, Bermuda and Japan are largely equivalent to Solvency II, but not for all classes, according to the European Insurance and Occupational Pensions Authority.
NAO call on greater flood risk expertise at local level
The National Audit Office claim that local authorities must increase their technical expertise if they are to be given increased powers to identify flood risk and target investment.
Insurance Insight weekly update live - 28 October
Insurance Insight's weekly update is live with an article on Pan-European and Global business interruption cover; and a View from the Top on how insurers must be as global as the firms they work with.
FSA packaged accounts rules to create simpler sales process
PwC has welcomed the Financial Services Authority’s proposed new rules to increase consumer protection in the packaged account market.