Regulation
DAS reports £5.7m profit
DAS UK Holdings Limited has reported profit before tax in 2006 of £5.7 million.
IIB says commission disclosure not achievable
In a written response to a request from the FSA for information from trade associations on the subject of commission disclosure, the IIB has been extremely robust in its response.
FSA publishes feedback on private equity risks
The Financial Services Authority (FSA) has published its feedback to Discussion Paper 06/6 Private Equity: A discussion of risk and regulatory engagement, which examined the impact that growth and development in the private equity market has on the FSA's…
Survey: Risk managers concerned about broker transparency
AIRMIC delegates are still concerned about Broker remuneration and transparency according to the results of an interactive survey conducted by Oxygen Insurance Brokers at this year’s AIRMIC conference.
Mazars appoint regulation and compliance expert
Mazars, the international accountancy and advisory firm, has hired Serena Joseph, an expert in financial services regulation and compliance, as a partner. She will spearhead the expansion of the firm’s regulatory advisory practice.
FSA bans unauthorised insurance company manager
The Financial Services Authority has banned David William King from managing, controlling or having significant influence over any person or companies allowed to carry out FSA regulated activities.
Mental health model to address shortcomings
Healthcare scheme administrator Medisure and the Priory Group are launching a new mental health mana...
Human traffic
League tables: Motor insurance
Throw out the rulebook
Regulation
Wide reaching
Chemical risks: Regulation
Risk managers demand 'willingness to pay' index
Airmic Conference News
Sampo boss scoffs at RSA takeover talk
Shares in Royal and Sun Alliance continued to slide back from a 12-month high of 172p last month, af...
GP certificate alternative mooted
Rehabilitation First
Reputational recall risk
Airmic Conference News
Novae recruits former Wellington team to enter property
Novae has entered the UK property market with the appointment of a former Wellington underwriting team.
Reinsurers and brokers must be included in willingness to pay index
The Association of Risk and Insurance Managers has admitted that it has no timetable for the introduction of its 'willingness to pay index' but that it would like to include brokers and reinsurers when it comes to the market.
New insurance accounting standard subjectivity claim
The proposed changes to the way insurance contracts are reported will significantly impact the way liabilities are valued, leading to greater subjectivity in company accounts according to Deloitte.
Report says 80% of insurers could fall short of contract certainty targets
A survey of the largest insurance companies in the UK has claimed that only 20% have moved to primarily electronic document storage. The report's author, Skywire Software said this has left the vast majority in a precarious state of readiness for the new…
FSA launches regional roadshows for brokers
The Financial Services Authority is offering financial advisers, mortgage intermediaries and general insurance brokers in Birmingham and Liverpool free roadshows from 19 to 21 June.
Prosecution evidence: Reinsurance contracts
There are several reinsurance contracts arranged in February and March 2001 that feature in the case for the prosecution.
Contracts "too good to be true"
In the final session of the day, the prosecution alleged that Independent’s actuaries Watson Wyatt and its auditors KPMG felt that the three reinsurance contracts that were disclosed at the beginning of March 2001 were “too good to be true”. Consequently…
Munich Re signs UN climate change declaration
Munich Re is a signatory to the joint declaration on climate change issued by the Geneva-based United Nations Environment Programme Finance Initiative (UNEP FI).
Clifford Chance launches part two of the MiFID Survival Guide
Clifford Chance has launched the second part of the MiFID Survival Guide, which is designed to help firms come into compliance with the new requirements introduced by the Markets in Financial Instruments Directive (MiFID).
Deloitte promotes four to partner
Deloitte has announced a number of senior appointments to its specialist UK insurance team.