Regulation
Mutual chair writes to MP after Court of Appeal ruling
Incoming Communities and Local Government Secretary John Denham has received is a letter from London Authorities Mutual chairman Nathan Elvery calling for legislation to clarify the wellbeing powers. It follows the ruling this week in the Court of Appeal…
Marsh reacts to WHO pandemic decision
Following yesterday's decision by the World Health Organization to raise its H1N1 influenza pandemic alert to Phase 6, its highest level, Marsh has recommended that all organisations continue to focus on potential economic and jurisdictional issues in…
Ferma elects new president
Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations. He took over from Marie-Gemma Dequae, whose mandate came to an end after four years…
Sesame calls for FSA licensing system
Sesame is urging the FSA to introduce a licensing system as part of its RDR proposals that would enable the advice profession to retain valuable experience and recruit new talent as part of an orderly transition to higher industry standards.
HCC joins govt scheme
HCC has joined Euler Hermes, Atradius and Coface as a provider of the government's trade credit insu...
Mutual set to appeal after CoA defeat
London Authorities Mutual has stopped writing new business following defeat in the Court of Appeal. ...
Osborne applauds insurers
Shadow chancellor George Osborne has praised the insurance industry for exercising responsible corpo...
Appointment at KPMG
KPMG has appointed Karen Newbury as a director in its restructuring insurance solutions practice. ...
FSA fine rise
The Financial Services Authority issued more than £27m in fines in 2008/09, including almost £7m to ...
First framework for NHS
The NHS Purchasing and Supply Agency has put in place its first framework agreement with underwriter...
Appointment at Amlin
Amlin has appointed Iain Henstridge as leading class underwriter to head up the marine hull accoun...
Equality Bill unworkable for an age-old problem
I write in connection with the comment piece from Age Concern and Help The Aged in Post (28 May 2009...
On the chopping block?
News Analysis: Block Exemption Regulation
Biba alerted to HSBC's £250k broker demand
The British Insurance Brokers' Association has been alerted after banking giant HSBC demanded one of...
Testing times
Captives: Recession
The end of the rainbow?
Long-tail Disease: ELIB
Biba welcomes trade credit decision
The British Insurance Brokers Association has welcomed the announcement to backdate the available trade credit insurance top-up cover from 1 October, 2008.
Osborne urges regulation to retain London’s ‘competitive advantage’
Shadow chancellor George Osborne has called for improved regulation to ensure that London stays as an attractive place for insurers to do business.
No need for revolution in insurance regulation, says Lord Turner
In his first speech to insurers since becoming chairman of the Financial Services Authority, Adair Turner said that unlike in the banking world, "there is no equivalent need for revolution" in insurance.
NHS unveils new insurance panel arrangement
The NHS Purchasing and Supply Agency has launched two new vehicle insurance related framework agreements for brokerage services and underwriter services
LAM loses appeal hearing
London Authorities Mutual will cease underwriting activities today and go into run-off, pending any fresh legislation, following defeat in Appeal Court this morning.
Insurance execs cautiously optimistic claims KPMG
Insurance executives are cautiously optimistic about the next 12 months, with many expecting to experience growth, according to a recent survey by KPMG International and the Economist Intelligence Unit.
Fitch affirms ratings of Malaysian reinsurer
Fitch Ratings has today affirmed the 'A-' Insurer Financial Strength (IFS) rating of Malaysian Reinsurance Berhad (Malaysian Re). The outlook on the rating remains stable.
Brokers in Civil Contingencies act warning
The UK's commercial insurance broker market has warned that local authorities are failing to advise businesses about emergency planning procedures under the Civil Contingencies Act 2004, reports business continuity planning consultancy, Crisis Survivor.