Regulation
EU and US trade bodies call for transatlantic free market
Trade bodies, the European Insurance and Reinsurance federation (CEA) and the American Council of Life Insurers have issued a joint call for a bilateral US and EU forum on insurance and reinsurance issues.
Lane Clark and Peacock establishes office in Ireland
Lane Clark and Peacock has announced a further stage in its international expansion following a merger with HLD Actuarial Consultants to create Lane Clark and Peacock Ireland.
Bupa Australia to merge with rival MBF
The policyholders of Australian health fund MBF have voted in favour of a proposed merger with Bupa Australia.
ABI says aggregator review must go further
The Association of British Insurers has called for the Financial Services Authority to extend its review of aggregator sites to cover all financial services comparison websites.
Confused.com warns against over-regulation
Confused.com has welcomed the Financial Services Authority review of the aggregator sector whilst warning against excessive regulation.
New Fellowship for Insurance launched by City think-tank
A new Fellowship for Insurance will be launched by the London-based think-tank, the Centre for the Study of Financial Innovation on 14 May. The first Generali-supported CSFI Fellow is Shirley Beglinger from the Shires Partnership which specialises in…
FSA issues aggregator report
A Financial Services Authority today said an assessment of the insurance comparison website market has found evidence of "both good and bad practice", but added it is looking for all websites to ensure that users are treated fairly.
Galbraith rails against 'nanny state gone mad'
The chief executive of the British Insurance Brokers' Association has called for the insurance indus...
Lovells: case muddies waters
A recent precedent case in the Court of Appeal could change the way compensation is calculated for c...
Biba pushes European guidelines take-up
The British Insurance Brokers' Association is urging intermediaries to adopt a new set of guidelines...
Mortgage holders must be protected
The Council of Mortgage Lender's director general Michael Coogan's call for reforms to income suppor...
Panel urges industry to take lobbying lead
Political and academic experts have said brokers and insurers should lobby the government harder to ...
Patch up PPI
Payment Protection Insurance
Adding results to injury
Ogden tables: Version six
Insurers likely to be more affected by Solvency II than credit crunch
US subprime asset mark-to-market losses and the broader disruption in capital markets to have limited implications for Europe's insurers compared to Solvency II according to Standards and Poor's.
JLT appoints new Dubai manager
Jardine Lloyd Thompson, the UK (re)insurance broker, said it has appointed Lloyd A. Stewart to manager of JLT Dubai, its office in the DIFC.
Amlin in investment management joint venture poaches Swiss Re execs
Amlin, the Lloyd's (re)insurer, said it will form an investment management joint venture specialising in managing funds in traded insurance risk.
FOS name and shame will not be welcomed says Eversheds
The much anticipated Financial Ombudsman Service review, published by Lord Hunt, has taken steps to address concerns on complaints handling. However, recommendations to introduce a name and shame system will not be welcomed by financial institutions,…
Two former Carole Nash executives launch broker consultancy
Two former Carole Nash executives have launched a consultancy firm to advise the insurance industry on key issues including compliance, quality improvement and human resources.
New placing guidelines for European subscription markets gain EC blessing
The European Commission has approved in principle a new set of guidelines for (re)insurance intermediaries involved in coinsurance and subscription market business, which would see clients consulted before placement on the best structures available,…
Ernst and Young launches insurance run-off team
Kevin Gill joins Ernst and Young today as lead partner for the firm’s newly-created insurance run-off team.
Axa Art renews with international art shows Art Basel and Art Basal Miami
Axa Art has renewed and extended its partnership relationship with the international art shows, Art Basel and Art Basel Miami Beach. Under this expanded agreement, Axa Art will serve as associate sponsor, exclusive art insurance partner and official…
Glacier Insurance makes senior appointments
Glacier Insurance has appointed Eddie Harte as operations and finance manager and Pascal Gabathuler as risk manager. Both will be based in Glacier Insurance’s headquarters in Vaduz, Liechtenstein.
BIBA calls for market solution for commission disclosure
At its annual conference in Glasgow, the British Insurance Brokers’ Association has called on the industry to support a market solution to resolve the Financial Services Authority’s issue on transparency, disclosure and conflicts of interest in the…