Regulation
Question of cover
A recall of Irish pork will cost pig farmers dearly, as none of the suppliers in the Republic and No...
NAIC adopts US proposal
The National Association of Insurance Commissioners has adopted its reinsurance regulatory modernisa...
The price of safety
Legal Focus: Health and safety
No bailout needed claims Swiss Re
Insurers are unlikely to need a banking industry-style government bailout, despite an expected deter...
Held to account
Legal Focus: Corporate manslaughter
FSA warns travel firms
The Financial Services Authority has warned travel firms that currently sell insurance alongside a h...
Clinical care comes under the spotlight
Atwood v Health Service Commissioner (Queen's Bench Division - 6 October 2008)
Premiums grow
Premiums in the non-life sector grew by 11.6% in 2007, research from Swiss Re has revealed. Accordin...
FSA to back Biba offer
The Financial Services Authority is not expected to back mandatory disclosure of commission disclosu...
Appointment at Glacier Group
Glacier Group has appointed Andreas Zdrenyk as head of group risk management. Based in the group's h...
RIMS supports NAIC proposal
The Risk and Insurance Management Society said that it was "encouraged" that the National Association of Insurance Commissioners has approved the Reinsurance Regulatory Modernization Framework Proposal at its recent Winter National meeting.
FSA hands out PPI fine
The Financial Services Authority has fined Egg Banking £721 000 for serious failings in its sales of credit card payment protection insurance, the organisation announced today.
AIG General China still sees growth in Chinese non-life market
(BESTWIRE) Despite the problems associated with the current global economic downturn, the new chairman of American International Group Inc.'s China nonlife insurance unit said he is confident the rapid growth of China's economy will lead to profitable…
Swiss Re predicts severe recession in 2009 in industrialised economies; emerging markets better
Swiss Re's economists predict a severe recession until mid 2009 in industrialised economies, including the United States and Europe. In emerging markets, slower growth is expected but not a full-blown recession. In 2008, the insurance industry…
UK becomes second largest insurance market claims report
Figures released from International Financial Services London today claim that the UK insurance market overtook Japan in 2007 to become the second largest global centre for insurance after the US with 11% of global premium income.
FSA warns travel firms to act now or risk losing insurance business
The Financial Services Authority has warned travel firms who currently sell insurance alongside a holiday or other related travel - known as Connected Travel Insurance (CTI) - to apply for authorisation now or risk losing this business when CTI…
Lloyd's welcomes NAIC proposal
Today Lloyd's welcomed news that the National Association of Insurance Commissioners (NAIC) has adopted its Reinsurance Regulatory Modernization Framework Proposal as a conceptual framework.
Emerging markets non-life premiums grew by nearly 12% in 2007 says Swiss Re
Premiums in the non-life sector grew by 11.6% in 2007, research from Swiss Re has revealed. According to the group's Sigma Survey, premium volume in 2007 amounted to $199bn (£122bn).
NAIC modernises US state-based reinsurance regulation
The National Association of Insurance Commissioners has adopted its Reinsurance Regulatory Modernization Framework Proposal, which modernises US state-based regulation of reinsurance.
Transamerica Re gains Brazilian market approval
Transamerica Reinsurance has finally received approval from the Brazilian insurance regulator SUSEP to participate in the reinsurance market as an admitted life and personal insurance reinsurer via its AA rated (Standard & Poor's) underwriting affiliate,…
Marsh urges chemical companies to comply with EU regulations
Marsh has warned of the risk and insurance implications of failing to adhere to the European Unions's Registration, Evaluation and Authorisation of Chemicals framework.
Foreign profits taxation changes could lead to uncertainty for some insurers - E&Y
The exemption of the foreign dividend income tax changes announced in this week's Pre Budget Report (PBR) will impact many insurance groups carrying out business in the UK, according to Ernst & Young. And this could lead to uncertainty for year end…
New piracy policy from Aon aims to fill market gap
Aon has written a new policy for charterers, ship-owners and cargo owners to cover loss of earnings from piracy. The insurer sais the recent increase in pirate attacks has revealed a gap in the available coverage for this market.
UK insurance buyers agree reservation rights position with insurers
UK risk management body Airmic has agreed a Statement of Principles in relation to reservation of rights following talks with its insurer partners.