Regulation
IIB calls for FSA to be more accountable
In its response to the HM Treasury consultation on proposed changes to the Financial Services Markets Act 2000, the Institute of Insurance Brokers has called for a Financial Services Authority Rules and Regulations Appeals Procedure to be incorporated in…
White Mountains renews Olympus Q/S and cedes RI to Helicon start-up
In its 4th quarter results announcement White Mountains Re has confirmed that it has renewed its quota-share reinsurance arrangements with Olympus Re, albeit on modified terms and including a new reinsurance company called Helicon.
Oil on troubled waters
Marine
EC insurance inquiry aims remain unclear
The inquiry into business insurance by the European Commission may be gathering pace, with questionn...
Lawyers agree protocols for injury claims
The two leading claimant and defendant law bodies have agreed to draw up protocols for personal inju...
CSC insists it is a potential regulator
The Claims Standards Council has made a final appeal to the government that it should still consider...
Buncefield action date set
A multi-million pound class action, for over 200 individual victims of the Buncefield oil depot fire...
TAG boss to defend DTI action
The saga of failed personal injury firm The Accident Group looks set to continue following founder M...
Marine insurers to challenge EU
Marine insurers are challenging the European Union over its plans to make shipping workers criminall...
Whatever happened to the concept of 'utmost good faith'?
Utmost good faith is an honoured tradition in reinsurance relationships - but how is this ancient common-sense doctrine being applied in the 21st century? Stephen Schwab, Holly Spurlock, Ling Ong and Emily Bourne of DLA Piper give us a legal briefing…
SCOR sees income up 25% in competitive market
Renewal Round-up
DIMA denies lobbying against EU standards
The Dublin International Insurance & Management Association (DIMA) has rejected claims that it has l...
NY attorney general strikes again
New York attorney general Eliot Spitzer and Insurance Superintendent Howard Mills have announced an ...
Contingency market to begin monthly meetings
A new Contingency Working Party has been established by the International Underwriting Association. The aim of the group is to help promote contingency insurance for public events such as sports matches, theatre and music concerts.
RMS study estimates future catastrophes for Japan
Risk Management Solutions has released the findings of an in-depth study that provides life and personal accident insurers in Japan with key benchmarks for the potential risk of human casualties from catastrophic events.
Zurich BPO jobs to go
Zurich has confirmed it is set to axe 149 jobs worldwide, following its recent business process outs...
In it for the long haul
International PMI
Group warns over claims limit increase
A newly formed pressure group for small claimant lawyers has warned insurers that claims farmers wil...
Shakespeare goes into administration
Shakespeare Underwriting has gone into administration, because of deficits in its client money accou...
Claims firms must buy PI, warns Hunt
Claims management companies must buy professional indemnity insurance or not be allowed to practice,...
Primary Group acquire Traveller Protection Services
Primary Group Limited has acquired Travellers Protection Services Ltd (TPS), a Norwich-based Insurance Intermediary specialising in both indirect (‘affinity’) and direct sales of travel and other insurance products. The purchase price is undisclosed.
Endurance makes key promotions
Bermudian (re)insurer Endurance Specialty Holdings ha sannounced today the promotions of two senior executives at Endurance Specialty, its Bermuda operating subsidiary. Susan Patschak will become executive vice president and COO and Christopher T…
IFS toasts exam take-up
The Institute of Financial Services has reported that a record number of women have registered for i...
CII supports new framework
The Chartered Insurance Institute has introduced a job role and competency framework to support insu...