Regulation
Aon warns businesses on environmental exposures
In the wake of the EU’s draft environmental crime directive, Aon is urging businesses to ensure that they have the appropriate systems in place to manage their potential environmental exposures. The directive could see companies facing fines of up to €1…
Pick of the Week
Anthony Gould, editor in chief, Post provides a run down of the major stories including the sale of e...
Dinosaurs still play the same old tune
Last week Thomas Cook surprised many with the announcement that it had decided to quit the Associati...
Thomas Cook's cites Axa link-up for FSA embrace
Thomas Cook's decision to switch to Financial Services Authority regulation will not harm the Associ...
Global risk awareness rise
Vigilance among insurers on emerging and already-recognised risks is on the rise, according to a new...
All-in-one solution
Capital Adequacy -Solvency II
QBE Europe shake-up
QBE has announced a number of key changes to its European management structure with John Neal appoin...
Avoid a crash landing
Agriculture -Diversification
Claimants pay price for DCA reform delay
Personal injury claimants are losing out because of the government's continued delay in publishing i...
Broker in insurer talks over funding
Specialist payment protection broker British Insurance is in discussions with several insurance comp...
Thomas Cook cites Axa link-up for FSA embrace
Thomas Cook's move in to the Financial Services Authority-regulated world is unlikely to be followed...
Avoid a crash landing
Price pressures and subsidy reduction have forced farmers to adapt to keep their businesses afloat, moving into areas such as bed and breakfast and quad-biking. Jane Bernstein investigates how insurers and brokers must respond to address the needs that…
Abta warns of underinsurance risk following travel review
More consumers will travel abroad without travel insurance if the travel industry is regulated by the FSA, argues Abta in its submission to the Treasury’s review on the sale of travel insurance, which is looking into how travel insurance is regulated …
Plan hatched for state-wide Cat fund
High-level talks are being held in the US to decide if there is a case for building a multi-state catastrophe fund.
Ace appoints two aviation underwriters
ACE Global Markets has announced the appointment of two new underwriters in its aviation department - Mark Adams has been appointed senior underwriter and Richard Bayman as underwriter.
Mississippi will not do a Florida, says governor
A proposal by the attorney general of Mississippi to force insurers to continue writing property cover has been snubbed by the state governor.
New liability cover restrictions on horizon says Aon
Vigilance amongst insurers on emerging and already-recognised risks is on the rise, according to a new report by Aon into global liability trends.
Scor bid for Converium rejected
Swiss reinsurer Converium has announced that its board has unanimously rejected an unsolicited bid by SCOR to buy the company for CHF 21 per share.
Neal given new role in QBE shake up
QBE today announces key changes to its European management structure with John Neal appointed to the newly created position chief operating officer for QBE European Operations.
Converium CEO "very satisfied" with renewals
Swiss reinsurer Converium has announced its year-end renewals have led to improved profitability and the company regaining market share.
Travel giant opts for FSA regulation to pre-empt Treasury probe
The UK's largest travel agency, Thomas Cook, has announced it has applied for FSA authorisation and will be regulated from next month. In a move designed to distance itself from damaging reports of the miss-selling of travel insurance and the ongoing…
FSA fines Capital One Bank £175k for PPI sales violation
The Financial Services Authority has today fined Capital One Bank £175,000 for failing to have adequate systems and controls for selling Payment Protection Insurance insurance and for failing to treat its customers fairly.
FSA fines Capital One for PPI sales failures
The Financial Services Authority (FSA) has today fined Capital One Bank (Europe) Plc (Capital One) £175,000 for failing to have adequate systems and controls for selling Payment Protection Insurance (PPI) insurance and for failing to treat its customers…