Regulation
PPI market withdrawals welcomed by FSA
The Financial Services Authority has welcomed the move by Alliance & Leicester, Barclays, The Co-Operative Bank, Lloyds Banking Group and RBS/Natwest to stop selling single premium payment protection insurance with unsecured personal loans by the end of…
Two more companies given Brazilian reinsurance license
The stream of reinsurance licenses given by the Brazilian regulator Susep continued to flow when it was announced that two more (re)insurers had been given licenses.
Atlas Partners strengthens its numbers
Atlas Partners, the insurance-focused corporate finance advisory practice, has appointed managing director Jonathan Walker and senior adviser Ian Nelson.
China Pacific reports 30% jump in FY premiums
(BESTWIRE) China Pacific Insurance Group Co. Ltd. [90336] reported premium income of 93.9bn yuan (US$13.7bn) in 2008's full year, up 26.5% from 74.2bn yuan a year earlier.
IUA outlines plans for 2009
Speeding up claims payment and representing the London company market's interests are top priorities for the International Underwriting Association in its 2009 business plan.
FSA issue warning over unauthorised insurance provider
The Financial Services Authority has issued a consumer warning about Aquote, an unauthorised firm which has been selling a range of locum insurance policies to GP surgeries across the UK.
European Court of Human Rights decision blasted by claims director
The London P&I Club has warned that the 8 January decision of the European Court of Human Rights in Strasbourg in the case of Capt Apostolos Mangouras, the master of the Prestige, could seriously increase the risk of bail requirements being influenced by…
Appointment at Axa
Axa Corporate Solutions has appointed new regional commercial managers in five important hub countri...
Path to enlightenment
Cross-border Insurance
Heritage in Gibraltar
Heritage Group has launched a Gibraltar company to manage captives and protected cell companies as w...
No way out
Poaching staff: Restrictive Covenants
Appointment at Mazars
Mazars has hired Robert Martin as a director of governance, risk and internal controls. This is a ...
Aon hit by record FSA fine
Bribery and corruption cases involving insurance companies could rise this year following a clampdow...
FSA equipped with new immunity power
The Financial Services Authority (FSA) has welcomed the proposals announced by the government to give it new statutory powers, including the power to grant immunity, when investigating criminal cases such as insider dealing.
Mitsui launches US weather insurance product
(BESTWIRE) Mitsui Sumitomo Insurance has launched weather insurance in the United States with a target to reach 1 billion yen (US$11.2 million) in sales within the next three years.
Whittington makes two senior actuarial appointments
Whittington Group, the international insurance investor and services provider, has strengthened its in-house actuarial team with two key appointments.
Watson Wyatt expands non-life insurance team
Watson Wyatt has further enhanced its growing non-life insurance consulting team with the appointment of Kate Angell as a senior consultant.
Heritage launches Gibraltar platform
Heritage Group has launched a Gibraltar operation to manage captives and protected cell companies as well as provide a management service for direct writing insurance companies.
Australian non-life insurance sector to be 'challenged' in 2009 - Fitch
Fitch Ratings has today commented in its annual review report on the Australian non-life insurance sector, "Australian Non-Life Insurance - Well Placed for 2009" that although faced with a number of challenges during 2008, the sector is generally well…
Amlin renewals up 30.6% on 2008
Lloyd's insurer Amlin today said it had written total income to date of £389.0m for the financial year starting 1 January 2009 (before deduction of brokerage), a 30.6% increase on the prior year.
London Club warns of potential increase in exposure to liability
The London P&I Club has warned its members to be wary of a potential increase in exposure to liability for claims as a result of pressures exerted by charterers in the current tough market conditions, and against a background of continuing piracy attacks…
FSA investigation finds Aon made payments to Burma
In its report into Aon's £5.25m fine over "failing to take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems", some payments were made to third parties in Burma, the regulator said.
CEA sets out key issues arising from QIS4
The CEA, the European insurance and reinsurance federation, today set out the key issues that were highlighted in a Solvency II impact study.
CEA sets out key issues highlighted by insurers after QIS4 exercise
The CEA, the European insurance and reinsurance federation, today set out the key issues that have been highlighted by insurers as a result of last year's QIS4 exercise, the fourth quantitative impact study run by the Committee of European Insurance and…