Regulation
Mutual plans to raise $100m to meet solvency needs
The UK P&I Club plans to to raise around $100m of new capital to help it meet future requirements under the European Union's Solvency 2 Directive.
CII launches podcast service
The Chartered Insurance Institute has launched a series of podcasts as a guide to navigating the regulatorty demands of Treating Customers Fairly.
EMC first casualty of US Mid-West flood losses
Des Moines-based EMC Insurance Group has said that the heavy floods and recent tornado in Iowa has forced management into a profit warning.
Plan for compulsory medical liability insurance questioned
The European Commission has published a proposal on cross-border healthcare, aimed at enhancing the rights of European Union citizens when receiving medical treatment in other EU countries.
EC discrimination proposal could outlaw some products, warns CEA
The European insurance body the CEA has warned discrimination proposals could see some insurance products outlawed.
One in five may miss TCF
The Financial Services Authority has said it expects only 20% of the firms it has surveyed to miss i...
Up the resolution
Alternative Dispute Resolution
FSA misses 2007 targets
The Financial Services Authority failed to hit four of the 100 targets it set itself for 2007/08, ac...
Pound for Poland
Overseas Review: Poland
Airmic adds voice to broker disclosure call
The Association of Insurance and Risk Managers has called on the Financial Services Association to r...
Govt must provide state aid catastrophe 'formula'
A lack of clarity on state aid following catastrophic losses such as flooding has left public author...
ABI continues disclosure battle
The Association of British Insurers was set to outline its case against mandatory commission disclos...
Hiscox syndicate mooted
Hiscox has announced plans for a prospective new syndicate as it unveiled its initial 2009 business ...
BMA appoints NAIC's Walter Bell to board
The Bermuda Monetary Authority has appointed Walter Bell to the BMA board of directors.
RSA in new solicitors PI push
RSA today launched its new solicitors package, offering tailor-made professional indemnity insurance to medium sized solicitor firms.
FSA admits 20% of firms will miss TCF deadline
The Financial Services Authority has today it expects one fifth of all firms to fail to hit the December deadline for demonstrating that they are consistently treating their customers fairly.
FSA admits target failure in 2007/08 annual review
The Financial Services Authority failed to hit 4 of the 100 targets it set itself for 2007/08, it admitted today with the publication of its annual review.
FSA publishes TCF update
The Financial Services Authority (FSA) has published its latest update on firms’ progress towards the December deadline for demonstrating that they are consistently treating their customers fairly.
Swiss Re in $150m multi-risk cat bond
Swiss Re has obtained $150m protection against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through a natural catastrophe protection programme named Vega Capital Ltd (“Vega”).
RSA launches new bespoke Professional Indemnity product
Insurer RSA today launches a new 'Solicitors' package, offering tailor-made Professional Indemnity (PI) insurance to medium sized solicitor firms. Aimed at firms with a practice of 10 to 40 partners, 'Solicitors' has been designed to address the risks…
Hiscox unveils new syndicate plan
Hiscox has announced plans for a prospective new syndicate as it unveiled its initial 2009 business forecast for Syndicate 33.
Former Zurich risk expert joins Gable
Lucas Slob has been appointed as a non executive director of the Gable Holdings, with Tim Moss stepping down from the board in order to pursue his other business interests.
QBE Americas appoints new CFO
Chris Fish has been appointed chief financial officer, QBE the Americas.
ILFC to remain core AIG asset
ILFC, AIG’s plane leasing and remarketing business will remain a part of the company after a review, said the company in a release.