Regulation
Sandy Scott takes Achievement Award at 2011 British Insurance Awards
Sandy Scott, chief executive, Chartered Insurance Institute, was given the Achievement Award at the British Insurance Awards at the Royal Albert Hall tonight in front of 1800 fellow industry professionals.
Post Magazine – 7 July 2011
The latest issue of Post Magazine is now available to subscribers as a digital and interactive e-book.
TSC re-opens premiums inquiry - Insurance News Now – 7 July 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories which include chair of the Transport Select Committee, Louise Ellman telling Post that motor insurers will be called back to parliament for further questioning…
FSA bans two brokers for misconduct
The Financial Services Authority (FSA) has banned two insurance brokers, Andrew Porter and Alexander Brincat, from working in the financial services industry.
CEA: stress test shows strength of European insurers' solvency surplus
The CEA, the European insurance and reinsurance federation, has welcomed confirmation of the "robustness" of the European insurance market following publication of the results of the second European insurance stress test.
10% fall short of capital requirements under Solvency II stress test
One tenth of European insurers would fail Solvency II minimum capital requirements under the adverse stress scenario, according to the European Insurance and Occupational Pensions Authority.
CEA: stress test shows strength of European insurers' solvency surplus
The CEA, the European insurance and reinsurance federation, has welcomed confirmation of the "robustness" of the European insurance market following publication of the results of the second European insurance stress test.
10% fall short of capital requirements under Solvency II stress test
One tenth of European insurers would fail Solvency II minimum capital requirements under the adverse stress scenario, according to the European Insurance and Occupational Pensions Authority.
Moody's: Insurers to follow Axa lead on referral fees
Axa UK’s announcement that it will no longer accept referral fees from personal injury lawyers is likely to put pressure on the insurer’s general insurance rivals to follow suit.
New regulatory frameworks to aid captive insurance in Qatar
Plans to support the development of Qatar as a regional hub for captive insurance have been bolstered following the release of new regulatory frameworks applying to captive insurance, captive managers and insurance intermediaries.
Software firm warns against perils of inefficiency
Software specialists MSM Risk Management has warned that insurers could miss out on profits and make their risk engineering processes “cost centres rather than profit centres” due to inefficient processes.
AMII to step up fight for tax concessions
The Association of Medical Insurance Intermediaries has appointed executive committee member Lindsey Joseph from LEBC Corporate Healthcare Solutions as secretary/membership secretary.
Foil calls for fixed fees to be slashed
The Forum of Insurance Lawyers has urged the government to extend the road traffic accident claims portal to £25 000 and to reduce fixed fees in the regime.
European banks are ‘disadvantaged’ when recruiting high-performers
The different approaches taken by European and US regulators means that European banks are now at a competitive disadvantage when attempting to attract high-performing staff, research from Mercer has revealed.
‘Dirty secret’ comes as no surprise to legal expenses group
The Legal Expenses Group has welcomed Jack Straw’s investigation into referral fees.
European banks are ‘disadvantaged’ when recruiting high-performers
The different approaches taken by European and US regulators means that European banks are now at a competitive disadvantage when attempting to attract high-performing staff, research from Mercer has revealed.
Hoban addresses insurance community
This morning Mark Hoban, Financial Secretary to the Treasury gave a speech to the London 100 Group at the City of London Club.
News analysis - Regulation: The more things change
With detail emerging on what life under the Prudential Regulation Authority will look like, Mathew Rutter analyses the similarity of themes to the current approach and pinpoints potential problem areas.
Doors open at first RFIB Saudi office after licence secured
RFIB plans to open branches in Jeddah and the Eastern Province of Saudi Arabia after being granted an intermediary licence to conduct insurance and reinsurance business in the Kingdom.
Post history - Five years ago: Pay rises at FSA increase sharply
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Axa ready for referrals ‘hurt’
Axa UK’s decision to stop accepting referral fees will “hurt” it in the short term and lose it several millions of pounds in income, but it is looking to the “longer-term prize” of getting bodily injury claims under control, according to personal lines…
Post Magazine - 30 June 2011
The latest issue of Post Magazine is now available to subscribers as a digital and interactive e-book.
Regulation tops London market agenda
Uncertainty around regulatory issues - from the replacement of the Financial Services Authority to a global focus on the perceived systemic risks of the insurance sector - remain top of the agenda for London company market insurers.
Axa ready for referrals ‘hurt’ - Insurance News Now – 30 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the response of Axa personal lines boss Steve Hardy, on the insurer’s decision to stop accepting referral fess from personal injury lawyers.