Regulation
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
Small wonder
The insurance industry has always accepted that regulation comes at a price but, as Sam Barrett explains, it is not surprising that smaller brokers in particular are feeling the burn of disproportionate costs
IIB rejects levy proposals
The Institute of Insurance Brokers has called for a product-based compensation scheme levy, dismissi...
Anger at schemes prompts DTI call
The regulator has admitted it should enter talks with the government over the thorny issue of solven...
FSA review leaves D&O questions
The Financial Services Authority has not renewed its directors' and officers' cover, so any legal ac...
The English High Court upholds challenge
The English High Court has upheld a challenge to the voting process for solvent schemes of arrangeme...
Group against claims limit increase
The Legal Expenses Insurance Group has added its voice to the lobby against increasing the small cla...
Crawford and Company announces two senior appointments
Loss adjuster Crawford and Company has announced two senior appointments within its global technical...
Riker to set up London office
US law firm Riker Danzig Scherer Hyland and Perretti has announced that its affiliate, Riker Danzig ...