Regulation
FSA to probe conflicts of interest in London Market brokerages
The Financial Services Authority will be contacting the CEOs of London Market brokers "within the next couple of days" on the issue of conflicts of interest.
Compensation culture still hampering UK businesses, claims Aon
UK businesses and local authorities continue to be hampered by the costs of dealing with the UK’s compensation culture, and many of the causes of the problem are not being addressed by the Government’s new Compensation Bill, according to a survey by Aon.
VAT on outsourcing D-day announced
The pre-budget report statement will be made to the House of Commons by the Chancellor on Monday 5 December.
Get your house in order
The Financial Services Authority looks set to crack down on the assessment of training and competence in the near future. This means it is time for brokers to make sure they are up to speed in these areas, claims Ian Jerrum
EC review set to delay VAT bill
The UK insurance industry could be spared paying millions in additional VAT on outsourced services u...
Under the influence
Overseas Focus: Hong Kong
Around the world
With a portfolio accounting for one-quarter of the group's revenue, Royal and Sun Alliance's Simon Lee told Ralph Savage why the insurer is growing impatient with Indian politics
Compensation Bill set for amendments
The House of Lords' second reading of the Compensation Bill is likely to see numerous requests for a...
Too much information
Sarah Wilson, director of retail firms at the Financial Services Authority, insisted that brokers we...
Just two brokers 'wilfully acting illegally'
Just two brokers out of a possible 1700 were found by the regulator to be "wilfully acting illegally...
Medical row over indemnity insurance
Medical defence organisations are at loggerheads over whether GPs should be required to purchase ind...
Lawyers hail equal opportunities appeal judgement
The Employment Appeals Tribunal has departed from previous case law in deciding that men and women who perform equal work cannot be paid differently, unless employers can objectively justify the reason for doing so.
FSA: perimeter visits paint positive picture
The Financial Services Authority has reported a 'positive' outcome to its recent nationwide investigation into the level of unauthorised general insurance business being conducted. The FSA visited more than 1700 brokers and secondary intermediaries…
US looks at nat cat insurance coverage
Just months after a string of hurricanes devastated the Gulf Coast and Florida with billions of dollars in damages, four state insurance regulators have begun an effort to devise a national catastrophe insurance program that would greatly reduce the need…
Fitch affirms CIIH ratings
Fitch Ratings has affirmed China Insurance International Holding's (CIIH) long-term rating at 'BBB-' (BBB minus). At the same time, the agency has affirmed the senior debt rating of 'BBB-' (BBB minus) assigned to the guaranteed issue by the wholly owned…
London Market premiums fall 15% in 2004
Gross premiums on the London Market fell 15% in 2004 to £21.7bn according to UK industry trade body IFSL. This follows five consecutive years of growth during which premiums increased by more than 80%. In 2004 Lloyd’s generated 54% of known London Market…
Aon MD gets Cass role
Alan Punter, managing director at Aon has been appointed a visiting professor in insurance and risk management at the Cass Business School. The award recognises Dr Punter’s past contribution to the school’s teaching and his standing within the insurance…
Buyers unimpressed with MRG's efforts
Insurance buyers have delivered a major snub to the London Market Reform Group's efforts to achieve ...
On your bike
Motor Report
Lloyd's in bond movie
The Lloyd's Building became a film set for the day last Sunday, when legendary director Sir Ridley S...
PI rates inquiry to be launched
Moves that could stem a hike in professional indemnity rates have been announced by parliament. The...
VAT ruling is not the end of the matter
Outsourcing
Crawford looks at offshoring
Crawford and Company has become the latest UK loss adjuster to look at offshoring operations, Post M...
Management Briefing Plus
Outsourcing