Regulation
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...
Industry forces unite to scrap Bill clause
Pressure mounted this week on the Government to scrap clause one of the Compensation Bill. Parliame...
Appointment at Medisure
Medisure has appointed Paul Ashcroft as corporate relationship director. Mr Ashcroft will be respons...
Omega rating affirmed
A.M. Best has affirmed its syndicate rating of “A” (Excellent) and the issuer credit rating of “a+” for Lloyd's Syndicate 958, managed by Omega Holdings' subsidiary, Omega Underwriting Agents.
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 ...