Regulation
Jersey regulator rejects Solvency II
The Jersey Financial Services Commission has said that it has no plans to implement Solvency II measures in Jersey.
Mobile phone insurance: We've got your number
Mobile phone insurance is a high-frequency claims product but has been criticised by the ombudsman and consumer groups. Ralph Savage reviews the sector to discover if this niche is offering value for money.
Payment protection insurance: Crossroads for PPI
Three months ago the High Court rejected the British Bankers' Association's attempts to challenge new payment protection insurance regulations. With the controversial product already battling reputational issues, Tim Pope looks at the future of the PPI…
Business as usual after ex-Nilefern CEO jailed
Nilefern — the Lloyd's coverholder previously run by the now disgraced Martin Fisher —has declared that it is "business as usual" following the news its former chief executive has been jailed after pleading guilty to a string of child sex offences.
News analysis - ABS delay: Still waiting for a change
Last week it was confirmed the Solicitors Regulation Authority would not be approving alternative business structures this year at least. Amy Ellis asks what caused the delay.
Santander latest bank to set asside PPI fund with Euros 620m hit
Santander today revealed a net profit of Euro 3.501 bn (down 21%), after setting up an extraordinary fund of Euros 620m in the UK to cover potential claims for payment protection insurance sold in the UK.
Post Magazine – 28 July 2011
This week the Post team reports on the confusion over reports in the Irish press that Quinn Insurance founder Sean Quinn has acquired a Malta-based insurance licence and as set to launch new company Q2 in competition with his former business which fell…
Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
ING could be fined hundred of millions for breaking sanctions
ING is being investigated by US authorities for breaking economic sanctions against Cuba (Havana pictured), Iran and Syria, according to reports in Holland.
US legislative changes offer opportunities for London Market
Legislative changes in the US could present “significant” business opportunities for London market companies, according to the International Underwriting Association.
Ferma: no more EU corporate governance rules needed now
The Federation of European Risk Management Associations has told the European Commission that it should start with “implementation and robust enforcement” of existing EU corporate governance rules on risk management, rather than creating new ones at the…
Beachcroft and DAC confirm merger
The members of Beachcroft and Davies Arnold Cooper have voted in favour of merging the two firms.
Italian Fondiaria-SAI removed from rating watch negative
Italian insurance company Fondiaria-SAI's and its main subsidiary, Milano Assicurazioni's have been removed from Fitch Ratings rating watch negative.
Lawyer speaks out over Willis fine
Osborne Clark partner Tim Boyce has commented on the record multi-million pound fine imposed on Willis by the FSA.
Willis fined record £6.9m for FSA handbook breaches
UK insurance broker Willis, a subsidiary of Willis group holdings, has reached a settlement with the Financial Services Authority for breaches of the FSA Handbook.
Sport - Rugby World Cup: Shaken but not stirred
Robert Barron and Michael Owen look at the impact of the Christchurch earthquake on this year's Rugby World Cup and the lessons for contingency specialists involved in other major sporting events.
Post history - 50 years ago: Draft war settlement laid out
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Post history - 30 years: Prudential ups contents premiums
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
ABS deadline delayed until 2012
The 6 October deadline for licensing alternative business structures is delayed until 2012, Post understands.
Post Magazine – 21 July 2011
This week the Post team reports on DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Amicus to close Colchester office in efficiencies push – Insurance News Now – 21 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including DAS’ decision to close the Amicus Legal office in Colchester, a move which will cost 21 people their jobs.
Insurance Insight Blog: If it’s good enough for Uefa . . .
When I took on this role as editor of what was then just an idea Post, the long running UK insurance weekly, had that its readers might be interested in Europe, I had little inkling of what was to follow.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Solvency II: Defining a practical implementation strategy
If you missed the recent live webinar debating Solvency II and practical implementation strategies - it is now available for viewing on-demand.