Regulation
Disappointment over 10% increase in FSA funding
The insurance market has expressed disappointment at a 10% increase in the Financial Services Authority's funding requirements during 2011/2012.
Budget 2011: Reduction in regulation costs welcome
Speaking on the £350m of proposed business regulation cuts, Ash Saluja from law firm CMS Cameron McKenna, said: “Any reduction in regulation costs is welcome, but financial firms’ understanding of cutting red tape is a long way from Treasury proposals…
Post Magazine – 24 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Budget 2011: Government CER plans “unclear”
Accountancy advisers Mazars has claimed that government proposals to maintain tax relief on Claims Equalisation Reserves “leaves more questions open than it answers”.
Aldermanbury Declaration - One Year On: The Debate
If you missed yesterday's live webinar debating the Aldermanbury Declaration - one year on - it is now available for viewing on-demand.
Eiopa launches insurance stress test
The European Insurance and Occupational Pensions Authority has launched a Europe-wide stress test for the insurance sector.
Eiopa launches insurance stress test
The European Insurance and Occupational Pensions Authority has launched a Europe-wide stress test for the insurance sector.
Budget 2011: KPMG backs Osborne measures
Professional services firm KPMG has welcomed the new tax measures laid out in Chancellor George Osborne’s 2011 budget.
Budget 2011: Budget offers “dual route for growth”
Responding to today’s Budget, Maggie Craig, acting director general of the Association of British Insurers, said that it offers a dual route for growth – boosting long-term investment and securing a competitive UK tax regime.
Budget 2011: "good budget for UK general insurance”
PWC has commenting on the news that tax relief has not been withdrawn for insurers’ equalisation reserves.
Budget 2011: UK growth forecast cut to 1.7%
Chancellor George Osborne has cut the growth forecast for the UK in 2011 from 2.1% to 1.7%.
Budget 2011: Lord Young recommendations to be implemented in full
Announcing the 2011 Budget, UK Chancellor George Osborne said the recommendations in Lord Young’s report on health and safety would be implemented in full.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
FSA urged to reconsider financing plans
The Financial Services Authority has been urged to consider the “nature of the risk” of a firm and not just its size when implementing its funding proposals.
Margaret Cole set to oversee top regulatory conduct role
Margaret Cole, currently the director of enforcement at the Financial Services Authority, is set to temporarily become head of the Financial Conduct Authority – one of two new regulatory bodies to be formed in April.
Fitch: Solvency II impact “not as bad” as expected
Fitch Ratings has said the impact of Solvency II on insurers’ capital positions will be less significant than originally forecast.
Fitch: Solvency II impact “not as bad” as expected
Fitch Ratings has said the impact of Solvency II on insurers’ capital positions will be less significant than originally forecast.
FSA funding requirement rises 10% for 2011/12
The Financial Services Authority has set out its business plan detailing its priorities for 2011/12, which reveal a 10.1% increase in funding from £454.7m to £500.5m.
Former EMB boss takes top Towers Watson role
Towers Watson has appointed Rory O'Brien to lead its risk consulting and software business after Steve Taylor-Gooby steps down after 25 years at the company.
Forum of Private Business calls for end to Channel Islands tax "loophole"
The Forum of Private Business has called on the government to end the favourable tax regime of the Channel Islands.
Solvency II QIS5 revealed
The results of the quantitative impact assessment 5 for Solvency II are in and it is bad news for Europe’s small insurers. The regulator highlighted the strong capital position of the market but as Vic Wyman explains insurers still have plenty to be…
Post Europe: Solvency II QIS5 revealed
The results of the quantitative impact assessment 5 for Solvency II are in and it is bad news for Europe’s small insurers. The regulator highlighted the strong capital position of the market but as Vic Wyman explains insurers still have plenty to be…
LMA calls for removal of referral fees
The Transport Select Committee has missed an opportunity to call for a ban on referral fees for motor claims, according to the Lloyd's Market Association.