Regulation
Wake-up call over contract certainty
In the aftermath of 11th September 2001, one issue that needed to be addressed was whether the insur...
Knock knock
Financial regulation is on the verge of change and the European legislators are starting to firm up their proposals. Peter Vipond argues the UK industry needs to speak up now to be heard
Bill amends will not stall satellite claims
Two amendments passed last week by the House of Lords to clause 1 of the Compensation Bill (see p48)...
Know your limits
Limitation is a defence that arises repeatedly but there is often confusion over when the clock starts ticking. Niall Innes discusses why professionals and insurers can take the high road
Claim depends on strike-out rate
Cohen v Kingsley Napley and another (a Firm), (Court of Appeal - 10 February 2006)
Lloyd's float a long way off
He has barely had a chance to settle into the office on the top floor of Lloyd's but already the Cit...
Bill changes "positive" but litigation fears remain
Clause 1 of the Compensation Bill has been nothing if not controversial. Now, with the House of Lord...
FSA needs reality check on an industry practice
I would like to comment on the news the Financial Services Authority has cancelled broker Xsavi's pe...
Table talk
Pension trustee insurance
Buyers want disclosure of brokers' commissions
Corporate insurance buyers believe brokers should be made to disclose their commission earnings fully and automatically when arranging cover, according to a recent survey. The report also found a widespread lack of understanding about the level and…
Fitch report pushes for barriers to fall in Indian insurance market
A new report from Fitch Ratings today said that several new players are expected to enter India's rapidly growing insurance market in the next one to three years, especially if the foreign direct investment ("FDI") limit is raised. Most private insurance…
FSA updates PI advice
The Financial Services Authority (FSA) has published an updated version of its factsheet on buying professional indemnity insurance, to assist brokers.
S&P says outlook is rosy for UK general insurance
Standard & Poor's Ratings Services is maintaining its stable outlook on the general insurance market in the United Kingdom (AAA/Stable/A-1+). The agency said it expects the majority of its interactive insurer financial strength ratings on domestic…
FSSC launches skills programme
The Financial Services Skills Council has launched 'Skills Bill', an 18-month UK wide programme of w...
More debate is needed over claims views
I'm unsure that those responsible solicitors referred to by Diarmuid McKeown ('It is unfair for clai...
US alien rules on the way out
Lloyd's has taken a step closer to pulling down arcane rules which force the market to post billions...
Marsh pension rebels given April deadline
Broking giant Marsh has given its employees a 1 April deadline to agree to a cut in their pension pr...
Cost of care debate re-ignited
A recent case has continued the ongoing debate over whether local authorities or insurance companies...
Changes to the FSA rules implemented
Changes to the Financial Services Authority's rules have been implemented, despite opposition from t...
Compensation body stalling on payouts
Payouts for mesothelioma victims are stalling because of the Financial Services Compensation Scheme'...
Aon merges two Manchester departments
Broker Aon has merged its Manchester-based pensions consultancy department with its insurance and ri...
No draft reform till 2008
The Law Commission has said a draft insurance law reform bill will not be drawn up before 2008. The...
Appointment at Wesleyan
Wesleyan has made Martin Howard director of customer services. Prior to this, he worked in similar r...
City harbour views
Overseas Focus: Australia