Regulation
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…
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: