Regulation
New ABI motor panel chairman appointed
Mark Underford assistant technical manager at Groupama Insurances has been appointed as the new chairman of the Association of British Insurers' motor group rating panel.
CII merger talks collapse
Merger talks between the Chartered Insurance Institute and its Australasian counterpart have been called off.
Coface launches rating service
Credit management company Coface is launching a financial rating service.
Torus Insurance in "selective acquisition"
Torus Insurance has entered into a strategic transaction with New Castle Re in Bermuda in which it acquires any rights to renewals and the potential to assume the unearned premium portfolio on a selected group of New Castle Re contracts.
Levene reappointed Lloyd's chair
Following his re-election to council, the Council of Lloyd's has reappointed Lord Levene as chairman of Lloyd's.
ABI: Flood Bill needs to be published as soon as possible
Government actions to tackle flooding announced yesterday must result in people being better protected and informed about the flood risk, according to the Association of British Insurers.
Call for Whitehall to create a skills council
Eight professional bodies are calling for the creation of a professional skills council to identify ...
Zurich lines up trio to tackle global issues
The Z Zurich Foundation has established five-year partnerships with three globally active non-profit...
Appointment at Allianz
Allianz Legal Protection has appointed Susan Leach as after-the-event claims controller. Her respo...
Going it alone
Lone Workers
Biba: market solution will clarify role of the broker
The British Insurance Brokers' Association this week outlined the market guidance on commission disc...
AIG in US mortgage deal
AIG has completed a deal to sell its residential mortgage-backed securities interests to the US gove...
Foil full-time posts to aid efforts
The Forum of Insurance Lawyers has made two key full-time appointments in a bid to better represent ...
Trading hub bidding war down to two candidates
Lloyd's has confirmed the bidding war for the sole service provider for its new central trading hub ...
AIG Investments to lay off 6% of global workforce
The investment division of American International Group has laid off approximately 6% of its worldwide work force, the company said.
IIB responds to FSA commission disclosure report
The Institute of Insurance Brokers has welcomed the Financial Service Authority's feedback regarding transparency and commission disclosure in the commercial market, it said today.
ABI pledges support for industry solution
The Association of British Insurers has welcomed the decision by the Financial Services Authority on commission disclosure in the commercial insurance market.
FSA opts for market solution to commission disclosure
The Financial Services Authority (FSA) has decided against mandating compulsory commission disclosure, preferring instead to allow the market to come to its own solution.
Biba welcomes FSA decision not to mandate commission disclosure
The British Insurance Brokers' Association has welcomed the Financial Service Authority's decision not to mandate the disclosure of commission in the commercial insurance sector
FSA: the industry has until 2010/11 to work out commission disclosure
The Financial Services Authority has given the broking market a two year window to prove an industry led solution with regard commission disclosure can work.
Airmic slams dithering FSA over broker commission outcome
The Association of Insurance and Risk Managers has expressed disappointment by the time it is taking to produce the guidance on broker remuneration transparency, which was originally due to be published this year. There is a pressing need for clarity and…
Zurich unveils name change
Zurich Financial Services Group announced today that Zurich Insurance Ireland, the group's Ireland-based European general insurance risk carrier, will be changing its name and incorporation status to Zurich Insurance Public Limited Company with effect…
AIG completes RMBS sale to US government
Stricken US insurer AIG said that it has completed a deal to sell its residential mortgage-backed securities (RMBS) interests to the US government via a newly set-up limited liability company Maiden Lane II.
IIB responds to commission disclosure decision
The Institute of Insurance Brokers(IIB) has welcomed the long-awaited feedback statement from the Financial Services Authority (FSA) regarding transparency and commission disclosure in the commercial market.