Regulation
Brokers brand FSA proposals as unfair
The British Insurance Brokers’ Association has roundly criticised the Financial Services Authority’s consultation paper proposing amendments to its Insurance Conduct of Business rules.
FSA reform rules on general insurance
The Financial Services Authority is proposing to "radically reform" the rules firms need to follow in carrying out general insurance business with their customers. The regulator has put its plans out to consultation and said a differentiated approach to…
FSA sets out future of GI regulation
The Financial Services Authority (FSA) has published a consultation paper proposing to radically reform the rules firms need to follow in carrying out general insurance business with their customers.
Gordon Brown unveils his cabinet
Gordon Brown has unveiled his cabinet today with Alistair Darling appointed chancellor and Peter Hain as Minister for Department for Work and Pensions.
Swiss Re launches Cat bond indices
Swiss Re has launched a series of Cat Bond performance indices to track the price return and the total rate of return for US dollar-denominated cat bonds, with a view to making them tradable.
Paris Re sets date for IPO
Paris Re, Axa’s former reinsurance arm bought from the French group by a consortium of investors led by Stone Point Capital in 2005, has announced it will float on the Paris stock exchange on 13th July.
Test case trio remain key to Meso claims
Three test cases hold the key to whether thousands of claimants will receive payments relating to cl...
Enforced regulation hits travel agents
Travel agents selling travel insurance will have to be Financial Services Authority regulated starti...
FSA replaces Sarah Wilson
The Financial Services Authority has appointed Sheila Nicoll, currently deputy chief executive of th...
Commentary - 'Without prejudice' may not always mean off the record
In the context of 'without prejudice' communications, the general rule is that parties to a dispute ...
What the papers said this week
The Times A bra and a pair of knickers have been blamed for a flood that damaged more than 20 h...
Hiscox makes US purchases
Hiscox has announced the acquisition of ALTOHA, an insurance holding company and its subsidiaries Am...
Lloyd's act to be updated
The government has announced its decision to develop legislative proposals to modernise the governan...
Appointment at Hardy
Charles Scott-Hopkins has been given responsibility for the development of the marine hull, war and ...
Appointment at NMB
Newman Martin and Buchan, the independent Lloyd's insurance and reinsurance broker, has named David ...
North of the Border: striking out in Scotland
For 40 years, England has enjoyed a means of disposing of cases involving dilatory claimants, while ...
Terror Bill to Commons
The House of Commons has taken its first look at the Victims of Overseas Terrorism Bill which could ...
Reflecting on terrorism
Terrorism
S&P chief warns industry over boom and bust cycle
The insurance sector is at a critical point, with the move to greater transparency, increased use of the capital markets, and new regulation all meaning there is great potential for change.
CII members call for standards framework
An independent report commissioned by the CII Group from Deloitte and Touche, submitted to the FSA two months ago and made public today, shows its members strongly advocate a framework to raise standards for the public benefit and encourage…
HSBC indicates insurance aspirations with senior hire
HSBC Bank have appointed Christen Schnor as head of insurance with responsibilities for the UK, Turkey, the Middle East and Malta.
Abta claims Treasury decision will see more people travel uninsured
The Association of British Travel Agents has said that it is disappointed with the Treasury’s announcement today that travel agents and tour operators will lose their exclusion from Financial Services Authority regulation for the sale of travel insurance.