Regulation
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.
Dedicated study and reference centre opens
The UK's first dedicated study and reference centre for insurance and financial services workers has...
Top 10 Post stories
The top 10 stories on postonline.co.uk over the past week were: 1. AIG reveals payouts to banks fro...
EL Bureau bill is delayed after it faces opposition
A private members bill to establish an Employers' Liability Bureau for workers for whom a compensato...
Law Commissions issue broker proposals
Proposals for a new statutory code to decide who intermediaries act for when passing pre-contractual...
Reflections on 2001
With eight weeks to go until the British Insurance Brokers' Association conference, Post travels bac...
PwC survey highlights run off as prime concern
European insurance and reinsurance groups are increasingly scrutinising discontinued operations and ...
PI claims above inflation
Insurers need to brace themselves for an above-inflation increase in personal injury claims costs wh...
Appointment at Beazley Group
Beazley Group has promoted Patrick Hartigan to lead its reinsurance division. Mr Hartigan has 18 y...
Disclosure exposure
Legal Update: Electronic disclosure
Chinese non-life giant in $1.2bn debt issue
(BESTWIRE) - PICC Property and Casualty Co. Ltd. [77633], the largest n domestic nonlife insurer in China, said it will issue not more than 8bn yuan (US$1.2bn) in 10-year subordinated term debt securities to raise its solvency margin, subject to…
Charles Taylor opens New York office
Charles Taylor Adjusting has announced the further expansion of its global network with the opening of a new office in New York.
Insurance industry backs collaborative EU regulations
The insurance industry has backed proposals in a European Commission report recommending a pan-European risk watchdog believing it will help rebuilt trust in European financial services regulators.
Large insurers need US regulation - Allstate CEO
(BESTWIRE) The current system designed to regulate capital markets "is a Depression-era hodgepodge," and federal regulation is needed, said Allstate chief executive Thomas J. Wilson.
Aviva downgraded by AM Best
AM Best has downgraded Aviva's holding company's issuer credit rating to "a-" from "a".
Truth or beware
Compliance: Consumer responsibility
Avoiding the pitfalls
Compliance: Outsourcing responsibility
EMB gets consulting team
EMB has responded to growing concerns over investment strategies amid the current economic turmoil b...
IBM survey highlights cultural differences
Cultural differences lead to different consumer responses to insurance and innovation across Europea...
Insurers see value in run-off portfolios in the current economic crisis
Over 60% of insurance businesses surveyed for a new report by PricewaterhouseCoopers believe the financial crisis is a key issue for the European insurance industry.
Allstate chairman calls for financial reform
The chairman of one of the United States' biggest insurers has called for financial reform following the collapse of global stock markets.
Life reinsurance service provider grabs senior exec from GE
Life reinsurance services and technology company LOGiQ3 has said that it appointed Sara Murphy as vice president of its operations.
AM Best downgrades Hong Kong insurer
Ratings agency AM Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to "bbb+" from "a-" of Hong Kong insurer Wing Lung Insurance Company Limited (WLI) (Hong Kong). The outlook for both…
Bupa UK looks to strengthen relationship with NHS
Bupa's UK insurance arm has reported a 3.6% increase in revenues to £1.97bn in 2008, and an organic rise in customer numbers to 2%.