Regulation
On the up
Review of the year: life insurance
ELD insurability needs greater legal clarity
Environmental Claims
Risk defence is quashed
A group of Lloyd's reinsurers has lost its appeal against a £100m claim after failing to convince a ...
ABI appoints chief economist
The Association of British Insurers has appointed Rebecca Driver as director of research and chief economist.
Finance industry anti-terror excercise highlights areas of concern
The Tripartite Authorities - Her Majesty's Treasury, the Financial Services Authority and the Bank of England - are today publishing the results of a survey of the UK financial sector's ability to cope with major operational disruption, such as a…
Converium names new CEO
Inga Kristine Beale has been appointed as the new CEO of Converium. A British citizen, she is currently CEO and chairman of the Board of Management of GE Frankona, as well as the leader of GE Insurance Solutions' Property & Casualty reinsurance business…
JLT Re to start trading 1/1
UK based (re)insurance broker, JLT has announced that JLT Reinsurance Brokers has received approval from the FSA to commence trading from 1st January 2006. Alan Griffin has been appointed chairman and chief Executive with immediate effect, reporting to…
S&P takes Lloyd’s off negative watch
Standard & Poor's has affirmed its 'A' long-term insurer financial strength rating on the UK-based Lloyd's insurance market and its 'A' long-term counterparty credit rating and 'BBB+' long-term junior subordinated debt rating on The Society of Lloyd's…
Brokers claim lack of understanding over mortgage PPI
In the first survey of mortgage brokers and intermediaries on their attitude towards mortgage payment protection insurance (MPPI) since the FSA revealed the results of its thematic review, Assurant Solutions and CETA have uncovered some mixed results.
FSA Arrow visits branded
The FSA’s Arrow Visits are meeting the expectations of the financial services industry from a process point of view, but the application of the process by the FSA has been met with a lack of confidence, according to the first independent research into…
Equitas settlement progress “significantly slower than hoped”
Equitas has reported much slower than expected progress on settling inwards liabilities in its half-year summary financial statement.
Imagine’s capital gets $50m boost
Imagine Insurance Company (Imagine), a specialist reinsurer and insurer, has announced an increase in its capital and underwriting capacity, as well as the affirmation of its A- (Excellent) rating by AM Best.
S&P raises the bar on insurers with 20% long-tail R/I charge
Standard & Poor's has revealed that from 2006 it aims to introduce a charge in its risk-based capital model for insurers to combat excessive reliance on reinsurance.
Mutual bodies respond to Myners Report
The Association of Mutual Insurers together with the Association of Friendly Societies, has published Corporate Governance for Mutual Insurers – in response to requests contained in last year’s Myners Report.
Broker poised for City buy
Acquisitive broker Stuart Alexander has been linked with a deal for London-based Bishop Skinner. Pos...
Aon mulls more closures
Broker Aon revealed it could still close more offices, after it announced six will shut during the n...
An increase in influence
Legal Report
Broker giants to trial timesheet pay schemes
The UK's largest brokers have started trialling schemes where they charge clients by the hour, in a ...
London market is given hope
London market reinsurers have secured a small victory in their battle against US regulator, the Nati...
Insourcing may not be way forward
The fact that many firms are now choosing to bring outsourced projects back in-house clearly illustr...
Which way now?
Legal Report
Making a date
Legal Report
Industry must take advantage of regulation
Regulation has been a key focus for the insurance industry in 2005, particularly for general insuran...
Disparity in handling disputes in Europe
Legal Report