Regulation
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.
RSA unveils new broker boss to replace McManus
Royal & Sun Alliance has appointed Paul Donaldson as managing director, Broker. He is currently CEO of RSA Ireland and will take up his new position 1 July, replacing the outgoing Brendan McManus.
SCOR wins Converium with increased offer
Converium's Board of Directors has unanimously welcomed a revised offer from SCOR which values the Swiss reinsurer at approximately CHF 23.2 share.
VAT among the pigeons
I agree with Morag Heighway that notice 701/57 really clarifies, rather than alters, the position on...
Deadline warning for insurers
Insurers and reinsurers were urged to play a full part in the forthcoming consultation on insurance ...
Smaller brokers playing catch up on TCF
Smaller general insurance brokers are continuing to fall behind their peers at larger firms in the r...
Revisiting old debates
Brokers are often seen as a suspicious breed, especially regarding regulation. But it appears that ...
Fears over payment awards
A legal expert has warned of more bad news for insurers after another periodical payment award was l...
New figures show fraud is on the increase
The Attorney General Lord Goldsmith is expected to announce a string of measures to help combat frau...
ABI calls for £30bn flood investment
Property
The sum of all fears
Forensic accounting
Profitability in doubt as insurers reach cost-cutting limit
The future profitability of the UK general insurance market is in doubt after credit rating agency A...
Assurant in Irish PPI push
Assurant Solutions is entering the Irish insurance market with a range of payment protection product...
Brokers question nature of transparency probe
Brokers have revealed their concern at the nature of some of the questions they are facing as part o...
Insurers out of Bill
Lord Sheikh is attempting to remove insurers from the equation over compensating UK victims of terro...
Commission updates warranty position
'Basis of the contract' clauses relating to warranties are a key concern to the Law Commission. Pet...
FSA warns of TCF clampdown
The Financial Services Authority has reported an increase in commitment by senior management to the principle of Treating Customers Fairly but warned firms who have failed to engage that they face tough action.
Assurant Solutions enters Irish market
Assurant Solutions today announced its entrance into the Irish Insurance market, part of the organisation’s long-term strategy of developing and underwriting niche insurance products in European markets.
Economies of scale will protect top five GI players says AM Best
AM Best has said that underwriting profitability in the U.K. non-life market may not be sustained in the next year. The rating's agency said in its latest report: "The third largest market in the world, is dominated by these top five companies—Aviva,…
Sheikh opposes insurer-backed funding of terror compensation scheme
Lord Sheikh is attempting to remove insurers from the equation over compensating UK victims of terrorism overseas.
Insurers 'labouring' under multiple accounting standards
PricewaterhouseCoopers has welcomed the publication by the International Accounting Standards Board of a discussion paper about the future of insurance accounting.
CEA welcomes EC white paper on retail financial services
CEA, the European insurance and reinsurance federation, has welcomed the European Commission's green paper on retail financial services, published on 2 May 2007.