Regulation
Glacier Re 'confident' of rating review outcome
Glacier Re has noted yesterday’s announcement by A.M. Best that it has placed the company’s financial strength rating of A-(excellent) under review with negative implications.
Former Axa boss joins Celerant Consulting
Colin Calder will join Celerant as a business advisor to its insurance sector.
Financial Services Authority - Training and Competence - Time for a little T&C
A recent review finds poor recordkeeping is letting firms down on the compliance front, says Andrew Honey
Appointment at Medicals Direct Group
Medicals Direct Group has recruited Greig Smith as general manager of its subsidiary company, Doctor...
Reputation worries for ABI over run-off
The Association of British Insurers will propose several improvements to the Code of Practice for Tr...
Rise of the machines
Engineering inspections
Appointment at Crawford and Co
Crawford and Co has added to its global technical services division with the appointment of Steve Ga...
Hiscox: Bermuda move closer
Hiscox has given another indication that it may move to Bermuda, where the lighter regulatory and ta...
Fraud Bill a step forward
The question of what the government was planning to do to deal with fraud by organised criminal gang...
FSA post-implementation review
The Financial Services Authority this week set out further details of its post-implementation review...
Texan bid-rigging probes claim senior AWAC scalp
In an SEC filing, soon-to-float Bermudian (re)insurer AWAC has revealed that it has been involved in investigations into bid-rigging and inappropriate use of contingent commissions in the State of Texas and that it indefinitely suspended its chief…
Government announces audit of FSA effectiveness
The Government has announced that it is to carry out a wholesale audit of how effective the Financial Services Authority has been.
Hoshina new CEO and president of TMR
Tokio Millennium Re has appointed Tatsuhiko Hoshina as president and chief executive of the company, effective from August 1 this year. He will retain his current position of chief underwriting officer for the immediate future.
Hardy poaches Chaucer man for new 2007 syndicate
Lloyd's (re)insurer Hardy Underwriting Agencies has snnounced that Patrick Gage will be joining HUA in time to launch a new syndicate for the 2007 underwriting year of account.
Lloyd's Newline sets up UK company arm
Following the lead of many Lloyd’s based operations, Odyssey Re’s Newline Underwriting Management has set up a UK-regulated insurance company to be based in London.
Government acts to reverse asbestos decision
The TUC has welcomed the decision by the government to amend the Compensation Bill to reverse last month's House of Lords ruling that slashed the compensation payments made to mesothelioma sufferers and their families, as predicted by Post Magazine last…
FSA consults on insurance special purpose vehicles
The Financial Services Authority is today consulting on rules to introduce to the UK, a new fit-for-purpose regime for Insurance Special Purpose Vehicles. The proposals form part of a wider consultation on the implementation of the EU Reinsurance…
FSA unveils plans for GI
The Financial Services Authority today set out further details of its post-implementation review into the effectiveness of its general insurance conduct of business regime. The regulator added the review is being conducted in line with the FSA's move…
Equitas settles claims with Hartford
Equitas has announced that it has reached a comprehensive settlement of policies existing between The Hartford Financial Services Group, and those Underwriters at Lloyd’s reinsured by Equitas.
Shake-up at the top of XL Capital
XL Capital has announced a management restructuring, with the current president and chief executive officer, Brian O’Hara, appearing to take a back seat from a new executive office.
Australian group buys out new Lloyd's syndicate
Whittington Group has agreed to sell its newly formed Lloyd’s Managing Agency and specialist Asian syndicate, Alba, to Insurance Australia Group.
Searchlight offers one-day FSA sessions
Searchlight Solutions has announced a series of one-day training workshops on topics relating to Fin...
Learning curve
Transport for London's emergency plans had been completely rewritten shortly before the 7 July bombi...
Cold comfort
Run-off: Solvent schemes