Regulation
Reinsurers' financial strength at five-year low
Financial strength in the global reinsurance sector has declined over the past five years to the poi...
Platinum ups loan facility by $200m
Bermudian reinsurer Platinum Underwriters Holdings has announced that it has replaced an existing $2...
Swiss Re-GEIS cull to lose 2000 jobs
World number-one reinsurer Swiss Re has announced a programme of up to 2000 job cuts worldwide by th...
FSA calls for insurer/broker co-operation on TCF
Providers and distributors of financial products have differing but interlocking responsibilities for treating customers fairly and need to work together to help avoid potential future detriment for consumers, according to a discussion paper issued today…
Providers and distributors need to work together to treat customers fairly says FSA
Providers and distributors of financial products have differing but interlocking responsibilities for treating customers fairly (TCF) and need to work together to help avoid potential future detriment for consumers, according to a discussion paper issued…
Duty of disclosure could be abolished
The Law Commission is considering the abolition of the duty of disclosure, at least for consumers, u...
Swiss Re reveals job cuts
Swiss Re confirmed its programme of up to 2000 job cuts worldwide by the end of 2007 as part of its ...
Lost in translation
Legal: language barriers
Flora v Wakom appeal
Allianz Cornhill is seeking permission to appeal to the House of Lords in its controversial Flora v ...
Healing powers
News Analysis
Appointment at Grant Thornton
Grant Thornton has made John Graham life actuarial director of its financial markets group. Mr Graha...
FSA casts eye on provincial brokers
Provincial brokers are being asked to come up with ways of measuring their contract certainty after ...
Boleat praises haste of claims regulator
Claims Club News
FSA issues alert
The Financial Services Authority has issued a consumer alert over a north London broker allegedly im...
Gable in talks with DWP over EL wordings
Construction specialist Gable Insurance this week admitted it is in discussions with the Department ...
Appointment at Brett and Randall
Brett and Randall has made Andy Miller managing director of its non-life insurance division. Mr Mill...
Lloyd's first half profits hit £1.35bn
Lloyd's has reported profit before tax of £1.35bn in first half of 2006, and an improved combined ratio of 86% compared to 87.3%.
ABI announce their views on new FSA proposals for regulatory reform
The Association of British Insurers (ABI) have announced that the FSA’s consultation paper “Prudential Changes for Insurers” (CP06/16) is good news for the industry.
Treating Customers Fairly – a speech made by John Tiner
John Tiner, chief executive of the FSA spoke at the Asset Management Conference on 21 September about the FSA Treating Customers Fairly (TCF) programme.
IUA in Solvency II push
A new website has been launched by the International Underwriting Association to discuss Solvency II, the planned new European solvency regime for insurers.
FSA reports discrepencies between brokers and insurers over contract certainty
The Financial Services Authority has said that it will make a "final assessment" on whether the market has suceeded in meeting its challenge to end the practice of 'deal now, detail later' in January.
Law Commission may abolish consumer disclosure duty
The Law Commission is considering the abolition of the duty of disclosure, at least for consumers, under major proposals to overhaul current insurance contract law.
2,000 to go by 2008 in Swiss Re-GEIS cull
World number one reinsurer Swiss Re has announced a programme of up to 2,000 job cuts worldwide by the end of 2007 as part of its bid to squeeze annual savings of $300m from its merger with GE Insurance solutions.
FSA fines former chief executive for failings leading to client money rule breaches
The Financial Services Authority (FSA) has today fined Paul Harrison, former chief executive of insurance broker Berry Birch & Noble Insurance Brokers (BBNIB) £17,500 for failing to implement proper systems and controls to ensure that customers' money…