Regulation
Former Dual boss to head up new JLT underwriting arm
Jardine Lloyd Thompson Group today announces the establishment of Thistle Underwriters haded by former Dual boss James Gerry.
FSA outlines travel insurance regulation plans
The Financial Services Authority today published a consultation paper setting out its detailed plans for regulating travel insurance sold alongside a holiday – known as Connected Travel Insurance (CTI) – which is mainly sold by travel firms and holiday…
FSA publishes its new ICOB rules
The Financial Services Authority today published its new Insurance Conduct of Business sourcebook, which sets out the standards and requirements for general insurance firms on how they deal with their customers.
New FSA travel insurance regime will protect consumers says regulator
The Financial Services Authority (FSA) has published a Consultation Paper setting out its detailed plans for regulating travel insurance sold alongside a holiday – known as Connected Travel Insurance (CTI) – which is mainly sold by travel firms and…
FSA publish new ICOB sourcebook
The Financial Services Authority (FSA) today published its new Insurance Conduct of Business sourcebook (ICOBS) which sets out the standards and requirements for general insurance firms on how they deal with their customers.
NU slammed over £3.3m fraud failing
The Financial Services Authority has fined Norwich Union £1.26m for not having effective systems and controls in place to protect customers' confidential information and manage its financial crime risks. These failings resulted in a number of actual and…
FSA in broker banning action first
The Financial Services Authority has today banned David Holland, sole director of Flett Sinclair Insurance Brokers Limited and Petsure Limited, for misusing customers' assets. This is the first time the FSA has taken action against a pet insurance…
FSA bans pet insurance broker in enforcement first
The Financial Services Authority (FSA) has banned David Holland, sole director of Flett Sinclair Insurance Brokers (FSIB) and Petsure, for misusing customers' assets, the first time the FSA has taken action against a pet insurance intermediary.
Fifteen 'urgent recommendations' outlined in Pitt flood report
The $6bn 2007 summer floods in the UK were a “wake-up call” for the country, according the interim report of the independent review commissioned by the UK Government to learn lessons from the events.
Pitt outlines
The summer floods were a “wake-up call” for the country, according the interim report of the independent review commissioned by the Government to learn lessons from the events.
Ace buys broker business for $2.4bn
Ace has agreed to acquire Combined Insurance for $2.4 bn and Munich Re Group to purchase Sterling Life Insurance for $352m.
FSA bans four over Sphere Drake binder case
UK regulator, the Financial Services Authority (FSA) has announced that it has prohibited John Hubert Whitcombe, Jeffrey Ronald Butler, Nicholas Brown and Christopher Reginald Colin Henton for their dishonest involvement in reinsurance business that…
Grant Thornton announces new dividend
Grant Thornton's financial services group is pleased to announce a second interim dividend of 23% for insolvent insurer, UIC Insurance.
Lloyd's releases three-year plan
Lloyd’s published its new 2008 – 2010 Three-Year Plan today with chief executive officer Richard Ward praising the achievements of Lloyd’s to date while urging caution as market conditions change.
Chancellor delays capital gains tax decision
Alistair Darling, Chancellor of the Exchequer, has announced today that he was still considering plans to revise the capital gains tax regime.
Huxley launches new business
Mark Huxley, the founder of Davies Managed Systems and a former group services director of Axis International loss adjusters, has returned to the insurance sector by launching Lamb Creative Marketing.
Paths to success
Women in financial services
Commission disclosure furore set to continue in 2008
The debate over commission disclosure will continue in the New Year, as the Financial Services Autho...
Water companies hit back
Yorkshire Water has dismissed claims it was partly responsible for the summer floods, after it emerg...
Venture gains Manchester foothold with deal
The acquisition of Manchester-based Chambers and Newman by Venture Preference has been hailed as an ...
MYI appoints MD as it enters phase two
Scotland and the Midlands will form the focus for regional growth next year by niche loss adjuster M...
Terrorism outranks climate change in BC planning
The Environment Agency has asked to be put in charge of surface water flooding, as it released its r...
Appointment at Barlow Lyde and Gilbert
Barlow Lyde and Gilbert has employed Emily Benson as an associate director in the firm's financial s...
Admiral targets retention
The Board of Admiral Group today announced that it plans to increase its UK motor premium retention ...