Regulation
Budget 2010: Broker IPT burden significantly reduced
Broker trade bodies the British Insurance Brokers’ Association and the Institute of Insurance Brokers have both expressed their satisfaction following the publication in today’s Budget of the final legislation extending the scope of insurance premium tax.
CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the…
CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the…
Budget 2010: LCCI: Budget a “mixed blessing” for City businesses
The London Chamber of Commerce and Industry has claimed that the 2010 Budget is a “mixed blessing” for businesses in the capital.
Budget 2010: Darling to “double” entrepreneurs CGT relief
Chancellor Alistair Darling has revealed that the government will double entrepreneurs relief for capital gains tax.
Budget 2010: Government pledges to support insurers on Solvency II
The government has vowed to continue its support to insurance firms ahead of the implementation of Solvency II.
Budget 2010: Government pledges to support insurers on Solvency II
The government has vowed to continue its support to insurance firms ahead of the implementation of Solvency II.
Budget 2010: Industry to offer guidance on how to deal with criminals
The insurance industry is looking to publish guidance for insurers on how to treat customers with criminal convictions.
Budget 2010: Government to consult on administration regime for insurers
The government today launched a consultation on proposals to strengthen the administration regime for insurers, ensuring consistent treatment for policyholders of insurance contracts under the insolvency and administration regime.
European Commission adopts anti-trust block exemption rules
The European Commission has adopted a new regulation that exempts certain types of agreement in the insurance sector.
European Commission adopts anti-trust block exemption rules
The European Commission has adopted a new regulation that exempts certain types of agreement in the insurance sector.
Zurich to put in new controls after being found in breach over data loss
Zurich Insurance has agreed to improve information security after losing over 46 000 individuals’ personal financial information.
Zurich to put in new controls after being found in breach over data loss
Zurich Insurance has agreed to improve information security after losing over 46 000 individuals’ personal financial information.
Equality Bill passed by House of Lords
Harriet Harman, Minister for women and equality, today welcomed the completion of the Equality Bill’s third reading in the House of Lords.
Six arrested in “largest ever” insider dealing investigation
Six men, including two senior city professionals, have been arrested in the Financial Services Authority’s “largest ever” operation against insider dealing.
Obama signs US health reform
US health reform bill has now been passed into law but several states are preparing to challenge the bill's legality
IFB and MIB join forces to tackle fraud
The Insurance Fraud Bureau has entered into an agreement with the Motor Insurers’ Bureau for support services following a consultations between the two boards.
Looming climate change scheme needs attention, warns Allianz
Allianz Engineering is reminding brokers of the imminent introduction of a government backed climate change and energy saving scheme which could affect 20 000 UK businesses.
Airmic: members will have to take Solvency II pain for little gain
The Solvency II reforms as currently proposed would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover, the Association of Insurance and Risk Managers has warned.
Airmic: members will have to take Solvency II pain for little gain
The Solvency II reforms as currently proposed would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover, the Association of Insurance and Risk Managers has warned.
Councils to split £5.3m flood fund
A £5.3m award to 49 local authorities to help them tackle surface water flooding has been announced by the environment minister Huw Irranca-Davies.
LSE rule change set to boost flotations
Following a prolonged period of inactivity for initial public offerings as a result of the global recession, Marsh has predicted that early signs of economic recovery and new rules for UK firms listing on the London Stock Exchange will lead to an…
Galbraith criticises FSA stance on adequate broker resources
British Insurance Brokers’ Association chief executive Eric Galbraith has hit back at the Financial Services Authority’s ‘time consuming and expensive’ approach to adequate resources.
ABI director general slams ‘extremely conservative’ CEIOPS' Solvency II approach
New Association of British Insurers director general Kerrie Kelly has criticised the Committee of European Insurance and Occupational Pensions Supervisors for its approach to Solvency II.