Regulation
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
IIABNY to take legal action
The Independent Insurance Agents & Brokers of New York announced that it will proceed with legal action to stop contingent charges legislation from taking effect.
UBS, Goldman said to get AIA IPO roles
Investment banking giants UBS and Goldman Sachs have been appointed joint bookrunners for the IPO of AIG's life unit, AIA, the Financial Times has reported.
Commercial landlords warned over environmental liability
Cowens claims they could face claims for damages and be subjected to action from regulatory bodies for failing to address environmental safety, even if it is a tenant who is at fault.
New US health bill will regulate health insurers
Barack Obama's new health bill will regulate health insurers but seek to be more moderate in a number of other ways.
RDT opens Halifax office
Insurance administration specialists RDT has opened a new office in Halifax after a 50% surge in revenues.
Allianz will not renew business in Iran
Hannover Re also says that it conducts reinsurance treaty business in the region but will only continue to do so if it complies strictly with United Nations and European Union sanctions
Allianz will not renew business in Iran
Hannover Re also says that it conducts reinsurance treaty business in the region but will only continue to do so if it complies strictly with United Nations and European Union sanctions
Q&A - Ralf Geck of Ecclesia Group
In the first of a regular focus on managers of European insurance companies and brokers, Insurance Insight talks to Ralf Geck of German-based broker Ecclesia Group.
Post Magazine 18 February 2010
This issue included an interview with IRM chairman Andrew Keeling; analysis of loss adjuster Merlin's refinancing; a focus on Solvency 2: a report from Post's motor claims conference and roundtable; a reveiw of Chartered Broker Status; and analysis of…
LEIG “concerned” at MOJ paper response time
The Legal Expenses Insurance Group has said that it is “concerned” that the recent Ministry of Justice defamation consultation paper only gave four weeks for responses.
Rims “dismayed” at contingent commissions decision
The Risk and Management Society has expressed its dismay at the New York Insurance Department and Attorney General’s decision to allow brokers Aon, Willis and Marsh to accept contingent commissions.
AIG to keep up to $500m of derivatives on balance sheet
AIG is to keep $500m of derivatives from its defunct AIG Financial Products unit, Reuters has reported.
Chartered Broker Status: Raising the bar
Now entering its third year, Leigh Jackson assesses take-up and any tangible benefits of the CII's corporate chartered status for brokers.
Motor Claims 2010: Ombudsman calls for credit hire clarity
The Financial Ombudsman Service's lead insurance specialist has called for clarity on behalf of consumers around the use of credit hire operators in the insurance industry.
Motor Claims 2010: ABI calls for MoJ reforms co-operation
The Association of British Insurers has called on its members and the legal profession to work together to ensure the Ministry of Justice's new motor claims handling process is a success.
Motor Claims 2010: Insurers must plan for PPO increase
The insurance industry has been urged to put plans in place to manage an increase in injured claimants requesting periodical payment orders.
Motor Claims 2010: Time issues worry Zurich boss
Ministry of Justice personal injury reforms will place greater time constraints on insurers than claimant lawyers, according to Tony Emms, motor claims director at Zurich.
Motor Claims 2010: All change for motor
The UK motor claims sector is going through a period of rapid change, with the impending introduction of the Ministry of Justice reforms very high on the industry's agenda.
In series: Solvency II - Making it work
Andrew Power urges insurers to focus on the opportunities Solvency II creates, rather than getting bogged down in the mechanics of implementation.
In Series: Solvency II - Getting the message through
Insurer thinking has evolved over the issue of Solvency II and Sam Barrett explains how they are being won round to seeing the potential benefits of implementation.
Publicity order for Act
Any organisation guilty of an offence under the Corporate Manslaughter Act is potentially liable to a publicity order, requiring it to publicise details of its conviction and sentence from this week.
Short-sighted insurers are blasted after ELIB greenlight
The Trades Union Congress has backed proposals to establish an Employers' Liability Insurance Bureau, claiming it will stop companies "weaselling" out of employee responsibility.