Regulation
US projected to fall to $1.56trn deficit
The United States will project on Monday that it is budgeting for a $1.56trn deficit for 2011, reports have said.
Scottish Lion decision "not the end"
Today’s decision by the Inner Court of Session, which found in favour of Scottish Lion, is by no means the end of the matter, according to law firm Elborne Mitchell.
Scottish Lion ruling overturned
PwC partner Dan Schwarzmann "delighted" by outcome as the Scottish Lion ruling is overturned.
FSA to publish insurer complaint figures in August
The Financial Services Authority has today confirmed that it will require firms to publish information on how they handle complaints, to help people see how firms are performing in this important area and to drive up complaints handling standards across…
FSCS appoints new chief executive
The Financial Services Compensation Scheme has appointed Mark Neale as its new chief executive
Gen Re health business opens in Japan
Gen Re—one of Berkshire Hathaway's reinsurance arms—is opening a branch office for its life and health reinsurance business in Tokyo.
Swiss Re fined by Swiss stock exchange
The Sanction Commission of the SIX Swiss Exchange has imposed a CHF 50,000 fine on Swiss Re.
Insurers support banks against tougher regulation at Davos
Lloyd's, Zurich and Swiss Re have leant their support to bankers attempting to fend of reforms of the financial services industry at the World Economic Forum in Davos.
Biba responds to new government signposting proposals
The British Insurance Brokers’ Association has welcomed the new policy statement from the Government’s equality office.
Financial Services Authority issues Walker Review consultation paper
The FSA has issued a consultation paper on effective governance standards within firms which aims to implement a number of recommendations in the Walker Review.
CEIOPS agrees to set up new Solvency II task force
Body to deliver QIS5, the final qualititative impact study under Solvency II.
CEIOPS agrees to set up new Solvency II task force
Body to deliver QIS5, the final qualititative impact study under Solvency II.
Investing in the Profession: Video interview with Sandy Scott, CII
Sandy Scott, chief executive of the Chartered Insurance Institute and driving force behind the General Insurance Taskforce talks to Ant Gould about the challenges and opportunities facing the general insurance industry in its quest to embrace…
Legal Update - group litigation orders: Here comes the mob
Group litigation orders are increasingly common in the UK but, rather than striking fear into insurers' hearts, Jim Bryant explains how they present opportunities.
Directors' & Officers' - economic impact: Bitten by the risks?
The credit crunch threatens to bring a rise in directors' and officers' claims. Jane Bernstein investigates whether this threat is becoming a reality and how this is affecting sales of the product.
Regulation - PPI fallout: Burst the balloon
With the Competition Commission poised to bring a new case against point of sale payment protection insurance, Leigh Jackson asks what now for the sector — and where might the regulator point its finger next?
Scots take English referrals
A Scottish claims management company has seen a 40% increase in personal injury claim referrals from English firms as a result of a proliferation of television advertising by personal injury firms, according to its managing director.
FSA finds leaky flood cover
The Financial Services Authority has warned that general insurers may not be treating customers fairly when communicating policy terms on flood cover.
FSA warns brokers of "intrusive" supervision
The Financial Services Authority has made the handling of client money its "number one" target in its supervision of insurance brokers in 2010, according to the British Insurance Brokers' Association.
Post Video Interview: Brokers impress Scott on professionalism
Brokers have a key role in helping to rebuild trust and confidence in the property and casualty market, according to the chief executive of the Chartered Insurance Institute.
Insurers given clean bill of health by Government Equalities Office
GEO concluded a competitive market existed for consumers of all ages.
Post Pick of the Week
Post reporter Leigh Jackson outlines the major stories from this week's issue of Post: Insurance asbestos costs to double;Axa personal injury move; FSA targets client money; Henderson director joins Towergate; Aviva scraps commercial and personal posts.
Editor's comment: FSA: not gone yet
If the insurance broking fraternity thought that the banking crisis would lead to the Financial Services Authority giving them an easier ride over the coming months, as it channelled its energies there, then last week's 'Dear CEO' letter may have caught…
London companies prepare for Solvency II
The IUA has declared that companies that successfully implement Solvency II may make efficiency improvements and gain a competitive advantage on their rivals.