Regulation
New statutory code is backed by Biba
The British Insurance Brokers' Association is backing a code to decide who intermediaries act for wh...
Commentary - "Foisting" of religious beliefs case of great assistance
In Chondol v Liverpool City Council (2009) the Employment Appeal Tribunal had to consider the impa...
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.
Swiss Re says US tax plan might hurt all foreign insurers, not just Bermuda
(BESTWIRE) - Its supporters have framed it and the Obama administration has endorsed it as a measure that would close a loophole allowing insurers and reinsurers in tax havens to compete with an unfair advantage over domestic companies.
Pick of the week
Reporter Louise Meeson looks at the major stories in this week's Post: AA Insurance faces backlash ov...
CEA welcomes EC support for elements of BER renewal proposals
The CEA has welcomed the European Commission's support for the renewal of the Insurance Block Exemption Regulation for insurance pools and for joint calculations, tables and studies.
THB boss joins RL Davison
Stephen Card has joined Lloyd's broker RL Davison as deputy chairman of the board.
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…
Airlines rates continue to improve - Aon
Airline insurance prices continued to improve in 2008, Aon said in a release.
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".