Regulation
Claims regulation to take 12 months
Claims management companies will escape statutory regulation for at least 12 more months, it emerged...
Liability cap may fail to stall premium hikes
Government proposals to cap auditors' liability and limit their fines for accounting errors could st...
Who picks up bill of climate change
Society will bear the costs of climate change in Europe but insurance arrangements will determine wh...
SVB given S&P rating boost
Ratings agency Standard & Poor’s has revised its Lloyd’s Syndicate Assessment on SVB Syndicates 2147 and 1007 from ‘1pi’ to ‘2/stable’ after carrying out an interactive rating assessment for the first time.
SCOR rating affirmed by AM Best
AM Best has affirmed the financial strength rating (FSR) of B++ (Very Good) and issuer credit rating (ICR) of ‘bbb+’ of SCOR (Paris) and its main subsidiaries (collectively referred to as SCOR Group).
JLT launches OneHealth
JLT has launched OneHealth, an integrated solution to reduce the cost of sickness, absence and employee health protection, focused on the SME sector.
FSA to begin GI regulation review next April
The Financial Services Authority has set out further details of its post-implementation reviews of the mortgage and general insurance regimes. The general insurance review will begin in April 2006
Rating thumbs up for new Bermudian reinsurer
AM Best has assigned a financial strength rating (FSR) of A-(Excellent) and an issuer credit rating of "a-" to new Bermudian reinsurer New Castle Re. Both ratings have been assigned a stable outlook.
ABI jumps to defence of PPI
In a joint response to the FSA review of payment protection insurance, the Association of British Insurers, APACS and the British Bankers’ Association, have pointed out that, if sold properly, PPI provides important protection against loss of income due…
PPI market set for FSA investigation in new year
The regulator said it will investigate a number of firms after its enquiry into payment protection insurance highlighted poor behaviour.
ABI warning over Compensation Bill
The Compensation Bill will only deliver full benefit if it is the first step in the reform of the UK’s compensation system, according to the Association of British Insurers.
Major overhaul of company law unveiled
Sweeping changes to simplify and improve company law were unveiled in the Company Law Reform Bill, published today. Deregulation is at the heart of the Bill, which contains proposals to save businesses up to £250 million a year - including £100 million…
Government unveils Compensation Bill
The Parliamentary Under Secretary of State, Baroness Ashton of Upholland, this morning issued the following written statement on the long expected Compensation Bill.
Easy pickings
Payment Protection Insurance
The FSA appoints Adam Phillips
The Financial Services Authority has appointed Adam Phillips as the vice chairman of the Financial S...
Considering applications
Roundtable
Two new solvent schemes of arrangement have been sanctioned
Two new solvent schemes of arrangement have been sanctioned, taking the number to 21 since the contr...
The truth about cats and dogs
Pet Insurance
Premium Finance - The price of advice
Strategic Focus 2005-2006
Industry offered VAT ruling hope
The news that the government looks likely to delay implementation of the Anderson VAT ruling on outs...
Insurers not to blame for over-65s travel policies
I was surprised by the article on www.postmagazine.co.uk entitled 'Over-65s turned down for travel i...
Human Expertise - Power to the people
Strategic Focus 2005-2006
What the papers said this week
The Times Drivers who kill while talking on a mobile phone or overtaking on a hill will be jailed f...