Regulation
Brokers finalise credit case
The Institute of Insurance Brokers has taken another step in its drawn-out battle against the exposu...
Recalls of dangerous consumer goods doubles
The number of reported European recalls of dangerous and faulty consumer goods more than doubled las...
SVB in non-Bermuda shocker
The news that Lloyd's insurer SVB is looking to launch a UK-regulated company must be music to the e...
Date confusion clarified
Aer Lingus v Gildacroft and Sentinel Lifts (Court of Appeal - 17 January 2006)
Major brokers to face FSA fee hikes
Medium-sized brokers face Financial Services Authority fee increases of more than 10%, the regulator...
New SVB insurer plan set to halt UK exodus
SVB has stressed that it has no plans to replicate the branch network structure of former subsidiary...
Healthcare and diet to blame
It is interesting to note that, in France, where smoking is endemic, and the thought of a smoking ba...
Off to a flying start
A year after his appointment, Nick Starling tells Lynn Rouse why he has not had to kick down doors to make his voice heard
Recall insurance demand surges
The number of reported European recalls of dangerous and faulty consumer goods more than doubled last year, according to the latest European Commission figures analysed by PricewaterhouseCoopers LLP. There has also been a significant increase in the…
IIB raises spectre of Indie in payment warning
Brokers who accept credit cards for premium payment could be exposed to millions of pounds of insurer debt according to a broking trade body.
AM Best keeps AIG under review
AM Best is maintaining its existing under review status of the financial strength ratings (FSR) of member companies of American International Group, (AIG) following AIG’s announcement that it has reached a $1.64bn settlement ($1.15bn after tax) with the…
Fitch leaves AIG ratings on negative watch
Fitch Ratings has said that its ratings on American International Group (AIG) and its ratings on AIG subsidiaries, including American General Finance Company (AGF) and International Lease Finance Corporation (ILFC), remain on Rating Watch Negative.
SVB announces new insurer plan
Lloyd's insurer SVB today announced plans to bring forward proposals designed to achieve its stated strategic aim of establishing and capitalising a new, wholly-owned FSA-regulated insurance company isolated from its damaging legacy underwriting. The…
AIG settles with Spitzer and SEC for $1.6bn
US State and federal regulators have announced agreements that resolve pending litigation and investigations of fraud, bid-rigging and improper accounting by American International Group (AIG).
Cooper Gay appoints Kirk Bitu as senior vice president
Cooper Gay & Cashman (Minneapolis) and Cooper Gay Group (London) have announced the appointment of Kirk Bitu as a senior vice president. Mr Bitu will be in charge of actuarial and financial modeling at Cooper Gay & Cashman.
Regulation nation
Regulation: Legal uncertainty
An old-age problem
Longevity
EUCC: London should be wary
It is always difficult to gauge whether the market is frightened enough regarding the European Union...
Appointment at Wellington Underwriting
Wellington Underwriting has appointed and promoted several personnel. Peter McIntosh will assume the...
Insurers warned of price-fixing actions
Insurers have been warned of the threat of an increase in direct legal actions over allegations of p...
FSA gives green light to self-assessment
The Financial Services Authority is considering allowing some brokers and insurers to self-assess, i...
RAC gives legal panel notice
Norwich Union subsidiary RAC Legal Services has put its panel of 22 law firms on six-months' notice ...
Straight down the line
Risk Report
Brokers in appeals mechanism plea
The Institute of Insurance Brokers has called for the creation of an independent tribunal in order t...