Regulation
Compensation scheme to cover savers’ claims up to £50,000
The Financial Services Authority (FSA) has today increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer's claim. This increase applies from Tuesday 7 October 2008.
FM Global makes changes to senior management team
FM Global, the giant US commercial property insurers, has announced numerous changes will be made to its senior management team effective Jan. 1, 2009, as it promotes seasoned management within the company into new roles.
Acumus claims first in travel trade training
Acumus Insurance Solutions has claimed a first in offering the travel trade an online, industry-reco...
Blind spot
Legal Update: Employers' liability
NU: hold onto EL records
Norwich Union has advised employers to keep a record of their employers' liability insurance cover, ...
Torus to buy QBE arm
Energy insurer Torus said that it has entered into a definitive agreement to acquire Praetorian Spec...
White out
Broker acquisitions
PwC: prepare now for Solvency II rehearsal
The latest Financial Services Report on Solvency II urges UK companies to take notice of the Europea...
MDU warns of outdated UK doctors' indemnity practices
The Medical Defence Union has warned that the UK is danger of being one of the last countries in the European Union to persist with an outdated system of indemnifying doctors, which risks leaving patients uncompensated.
Bermudians bite back over proposed US tax legislation
The US and Bermudian reinsurance markets are about to lock horns again, after Democratic Congressman...
Life in America
Life
Follow the BRIC road
BRIC
FSA slams PPI market after mystery shopping excercise
In an update on its thematic review of sale of Payment Protection Insurance the Financial Services Authority has set out that, due to the poor findings from its recent work, it is escalating its regulatory intervention.
AIG's Central, Eastern European units attracting interest - report
AIG's Central and Eastern European units are attracting interest from other insurers thanks to the stricken insurer's balanced presence in the area, a report has shown.
NU urges employers to keep EL records despite legal change
Norwich Union has advised employers to keep a record of their employers' liability insurance cover, despite the removal of a legal requirement to retain certificates.
ABI responds to FSA over PPI
Payment Protection Insurance (PPI) has never been a more valuable product to consumers because of the current economic climate, the ABI has said.
FSA update on its review of the sale of PPI
The Financial Services Authority is to escalate its regulatory intervention on the sale of payment protection insurance (PPI), according to its thematic review update.
Energy insurer Torus joins IUA
New energy insurer Torus has voted to join the International Underwriting Association.
Aon trio defect to Marsh
Marsh has made three senior appointments to its international surety practice. Steve Powney, Steven Lewis and Tricia Burgess have all joined Marsh from Aon’s surety and guarantee team.
Book your place now for 2008 Broker Expo
The Insurance Age Broker Expo 2008 will be held on 13 November 2008 at the Ricoh Arena, Coventry.
PWC responds to FSA Solvency II paper
Pricewaterhouse Coopers has responded to the Financial Services Authority's report on Solvency II, saying it agrees with the regulator's call for board ownership of the project within insurers.
FSA issues Solvency II discussion paper
The Financial Services Authority has issued the discussion paper: 'Insurance Risk Management - The path to Solvency II'.
Appointment at Bupa UK
Bupa UK Health Insurance has appointed Damian Lenihan as head of client management, with responsibil...
London Market - challenges for 2008/09
Top 100 UK Insurers