Regulation
Quick on the uptake
Solvency II: Risk managers
Partner Re buys non-French renewal rights of MCR
Partner Re has announced that it has signed a definitive agreement with the French Monceau Group effective July 1, 2007 to buy renewal rights for the international reinsurance business of Mutuelle Centrale de Reassurance (MCR), the reinsurance subsidiary…
FSA issues Goodwill Q&A
The Financial Services Authority (FSA) has published a Goodwill FAQ list on its website in an effort to clear the muddied waters surrounding the issue.
FSA tells small firms they are on the regulatory radar
The Financial Services Authority (FSA) has dismissed the 'folklore' that small firms are under the regulatory radar.
Scottish Re looks for new CEOs
Life reinsurer Scottish Re has announced that the company has initiated a search for a chief executive to replace Paul Goldean, who took over after previous incumbent Scott E. Willkomm resigned at the end of July 2006 when a credit crunch forced the…
Law firm slams FSA's voluntary compensation rules
Companies could be required to voluntarily compensate all of their customers under the new rules being brought in under the guise of the EU’s Markets in Financial Instruments Directive (MiFID), warns City law firm Reynolds Porter Chamberlain at their…
Scottish Re parts company with CFO
Life reinsurer Scottish Re has announced that Dean E. Miller, its executive vice president and chief financial officer, will be leaving the company effective May 18, 2007.
Changing of the guard
Departures of key personnel in government, at the regulator and the ABI itself, were highlighted by ...
Insurers urged to lobby new PM on climate
Insurers have been urged to capitalize on their "unique position" in lobbying for action on climate ...
FSA faces consolidation or divestment quandary
The 1982 Lloyd's Act was primarily introduced to improve the governance of Lloyd's and, in doing so,...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as these highlights from past-articles reveal
FSA Annual Report
The Financial Services Practitioner Panel (the Panel) has today published its Annual Report for the period 2006/7.
FSA confirms Industry Guidance on outsourcing
The Financial Services Authority (FSA) has confirmed that its supervision of outsourcing by firms will in future take account of industry guidance which has been issued by MiFID Connect.
FSA Speech - Principles-based regulation - moving from theory to practice
In a recent speech by Clive Briault, managing director, retail markets, FSA, at the ABI 2007 Conference, Mr. Briault covered four main areas under the above mentioned heading, 1) How a more principles-based approach should help the FSA to achieve their…
FSA announces progress made on TCF and sets further deadline
The Financial Services Authority (FSA) reported an increase in commitment by senior management to the principle of Treating Customers Fairly (TCF) but warned firms who have failed to engage that they face tough action.
FSA fines Charterhouse £122,500 for unauthorised portfolio management
The Financial Services Authority (FSA) has fined Charterhouse Consulting Wealth Management(Charterhouse) £122,500 for carrying out discretionary portfolio management without permission and for various conduct of business failings.
Liberty International opens in Spain
Liberty International Underwriters, has opened an office in Spain as part of its continental European growth strategy.
Grant Thornton sets initial dividend at 100% for UIC
Grant Thornton's financial markets group claimed it has set the first ever initial dividend for an insolvent insurer at 100%.
Biba welcome Treating Customers Fairly Report from FSA
The British Insurance Brokers’ Association has welcomed the Financial Services Authority’s (FSA) report published today which shows that many firms have made good progress with their treating customers fairly (TCF) programmes. The FSA had set firms the…
BIBA Welcome Treating Customers Fairly Report from FSA
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s report published today which shows that many firms have made good progress with their treating customers fairly programmes. The FSA had set firms the target…
TCF index launches to support Industry in readiness for new FSA deadlines
TCF Index has launched a dedicated Treating Customers Fairly consultancy. The company launch is twinned with an independent survey that investigated how the financial services industry is progressing with TCF guidelines set down by the Financial Services…
Government to establish national fraud strategic authority
A National Fraud Research centre is to be established in the UK, Lord Goldsmith confirmed today.