Regulation
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…
Fraud case sends out warning
The sentencing of a fraudulent personal injury claimant has sent a message to others that the threat...
Commentary - 'Gender switch' can be a valuable discrimination gauge
Direct sex discrimination occurs where an employer treats a person less favourably than he would ano...
CC referral adds to PPI woes
The referral of the UK payment-protection insurance market to the Competition Commission will furthe...
Penny black's insurance week
While Penny was out liaising with all her insurance chums in the city last week she was amused to he...
QBE sponsor rugby team
QBE has announced a sponsorship with rugby premiership champions Sale Sharks. The link with the Sale...
Appointment at Gallagher Global Risks
Sarah Dalgarno has joined Gallagher Global Risks as director of compliance and risk management. Her ...
CEO who led 2005 MBO departs firm
Insurance outsourcing provider The Source has parted company with its chief executive, less than a y...
Clark: FSA ambivalence to claims unlikely to last
Jonathan Swift reports on the latest Claims Club meeting where rehabilitation, regulation and recovering lost items were all on the agenda
UK insurers win reprieve over multi-million VAT costs
UK Insurers have obtained a £25m reprieve after HM Revenue and Customs announced that medical report...
Aiming high
Multi-National Policies: Compliance
US research to pinpoint claims excellence
The Faculty of Claims chairman Jonathan Clark spoke about a new wholesale project into "the characte...
Industrial deafness verdict: Zurich responds
His Honour Judge Inglis today dismissed all seven occupational deafness “test cases” formally known as the Nottinghamshire & Derbyshire Deafness Test Litigation, heard in the High Court, Nottingham. Zurich was the lead insurer in three of the seven test…
Scor increases share in life sector
France’s biggest reinsurance company has reported an annual turnover of €4.06m during 2006 following its acquisition of life and health reinsurer, Revios.
IUA to launch PI Forum
The International Underwriting Association is to run a London Market group for professional indemnity underwriters. The Professional Indemnity Forum aims to promote sound principles for the best practice of professional indemnity insurance. It will…
PHP on acquistion spree
The Private Health Partnership, part of Skipton Building Society group, has completed a hat trick of acquisitions in two months by acquiring Surrey based Select Healthcare Independent Medical Benefits Consultants (Select Healthcare) for an undisclosed…
OFT- refers the PPI market to the Competition Commission
The OFT has referred the UK payment protection insurance (PPI) market to the Competition Commission (CC) for further investigation. This decision comes after a period of public consultation following the OFT's earlier proposal to refer the PPI market to…
ABI – Unveils line up for its 2007 National Conference
The Association of British Insurers (ABI) has announced plans for its forthcoming national conference, which will take place at the QEII Conference Centre in Westminster on Thursday 10 May.
ABI - Comments on last weeks Business Plan 2007/08 by the FSA
Commenting on publication last week of the FSA’s Business Plan for 2007/8, Stephen Haddrill, Director General of the ABI (Association of British Insurers) said:
FSA – Business plan for 2007/08 focuses on more principles based regulation
The Financial Services Authority (FSA) last week published its Business Plan for 2007/8 which sets out its priorities for the coming year. The plan focuses on the organisation's move towards more principles-based regulation (MPBR).
FSA – Business plan for 2007/08 focuses on more principles based regulation
The Financial Services Authority (FSA) last week published its Business Plan for 2007/8 which sets out its priorities for the coming year. The plan focuses on the organisation's move towards more principles-based regulation (MPBR).
JLT expands into eastern Europe following associate deal
Jardine Lloyd Thompson has announced a deal under which SIACI, its 32% owned French associate, will combine with Assurances et Conseils Saint-Honoré, the Paris-based employee benefit services provider and specialist insurance broker.
Argyll appoints key account exec
South East Broker, Argyll Insurance Services has hired Robert Alner from Nsure as an account executive. Mr Alner will be responsible for the management of a variety of Argyll’s key accounts as well as focussing upon business development.
FSA fines investment firm £10,500 for the failings of its subsidiary
The Financial Services Authority (FSA) has fined Trigon Pensions Limited (Trigon) £10,500 for failing to monitor advisers effectively at its appointed representative, Trigon Financial Services (TFS).