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Regulation

Solvency 2 framework agreed on

The CEA, the European insurance and reinsurance federation, today welcomed the news that informal but unanimous agreement has been reached at political level in Europe on the text of the proposed Solvency 2 Framework Directive after prolonged…

CII admits "caution" in 2009 after 7% jump in revenue

The Chartered Insurance Institute has reported a 7% growth in revenue to £30.3m (2007: £28.4m) and a 2% rise in membership to over 93 000 members in 2008. Operating surplus was £0.8m (2007: £0.6m) and the net surplus, after investment returns and…

Top 10 Post stories

The top 10 most popular stories on postonline.co.uk over the last week were: 1. Willis boss Plumeri...

Aspray fined by FSA

The Financial Services Authority has fined Blackburn insurance broker Aspray £21,000 for failings in...

L&G downgraded by AM Best

AM Best has downgraded the issuer credit rating to "a" from "a+" of the non-operating holding company, Legal & General Group as well as the ratings for all debt issued or guaranteed by L&G.

Pick of the week

Reporter Louise Meeson looks at the major stories in this week's Post: AA Insurance faces backlash ov...

AIG's US P&C subsidiaries aren't undercutting market - GAO

(BESTWIRE) - Insurance brokers and buyers report no extraordinary underpricing by American International Group Inc.'s commercial property/casualty subsidiaries, but the units "likely received some indirect benefit to the extent that the property/casualty…

FSA fines broker for misleading clients

The Financial Services Authority has fined Blackburn insurance broker Aspray £21,000 for failings in control of its appointed representatives, and for misleading its clients and the FSA.

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