Regulation
Quinn: sale "not impacted" by UK decision
Quinn has responded to the Central Bank and Financial Regulator’s decision today not to allow its insurance business to re-enter the UK commercial lines market.
“Need for improvement in insurance regulation” Swiss Re warns
A study from reinsurer Swiss Re has found that despite the insurance industry's performance during the financial crisis, the turmoil exposed “flaws” in the way insurers are regulated.
GC launches global P&C report
Despite spiralling losses, global reinsurance rates generally declined through the 2010 reinsurance renewals, according to Guy Carpenter.
Lloyd's chief calls on industry to engage with regulators
Lloyd’s chief executive Richard Ward has called for the reinsurance industry to take active role in regulatory debate.
Hannover Re to "benefit" from Solvency II
Property and casualty reinsurance market pricing continues to soften according to Hannover Re, but prices and conditions are for the most part still acceptable.
PWC: Expect more solvent schemes
At the Monte Carlo rendez-vous, Pricewaterhouse Coopers told delegates it expects the number of insurers and reinsurers entering solvent schemes to grow.
Quinn: sale "not impacted" by UK decision
Quinn has responded to the Central Bank and Financial Regulator’s decision today not to allow its insurance business to re-enter the UK commercial lines market.
Quinn refused re-entry to UK commercial market
Quinn Insurance will not be allowed to re-enter the UK commercial lines market following a decision by the Irish Regulator and Central Bank.
Quinn refused re-entry to UK commercial market
Quinn Insurance will not be allowed to re-enter the UK commercial lines market following a decision by the Irish Regulator and Central Bank.
GC launches global P&C report
Despite spiralling losses, global reinsurance rates generally declined through the 2010 reinsurance renewals, according to Guy Carpenter.
Lloyd's chief calls on industry to engage with regulators
Lloyd’s chief executive Richard Ward has called for the reinsurance industry to take active role in regulatory debate.
Hannover Re to "benefit" from Solvency II
Property and casualty reinsurance market pricing continues to soften according to Hannover Re, but prices and conditions are for the most part still acceptable.
Law firm backs new fraud bureau
Hill Dickinson is working in partnership with the new National Fraud Intelligence Bureau to help police crack down on serial fraudsters.
Irish regulator fines insurance firms
The Financial Regulator has fined two Dublin-based insurance businesses €26 600 in relation to a breach of regulatory requirements.
Irish regulator fines insurance firms
The Financial Regulator has fined two Dublin-based insurance businesses €26 600 in relation to a breach of regulatory requirements.
20 years ago: IIC financial woes mean liquidation
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
ABI backs Jackson's proposals
The Association of British Insurers has called for the findings of Lord Justice Jackson’s review of civil litigation costs to be implemented in full, as soon as possible.
FSA fines Goldman Sachs £17.5m
The Financial Services Authority has fined Goldman Sachs “for being Goldman Sachs,” according to Beachcroft.
Quake impact on ratings "limited"
The damage costs resulting from the earthquake which struck the New Zealand city of Christchurch on 4 September will have "limited negative implications" for insurers and banks in New Zealand.
CSC member firms fall foul of SMS crackdown
Two members of the Claims Standards Council have been forced out as a result of an investigation into the sending of unsolicited text messages.
Warning over rise in discrimination claims
A law firm has warned insurers and brokers they may be exposed to a rise in claims following implementation of a new "three strikes rule" regarding workplace discrimination, due to come into force on 1 October.
Editor's comment: An Indian summer?
The proactive stance of the Indian insurance regulator to enhance the professional reputation of its market certainly seemed to be making as many enemies as friends earlier this week, as news broke of two developments — one positive, one rather less so.
CII to revamp Indian regulator agents tests
The Chartered Insurance Institute has been invited by the Indian insurance regulator to overhaul its compulsory agents' test in a development the CII expects will be recognised by — and replicated in — other emerging economic powerhouses.
Mixed reaction for new EU finance bodies
The creation of three new European supervisory authorities and a European systemic risk board has been welcomed by the government.