Regulation
FSA defends Premium Credit choice
The Financial Services Authority has defended its decision to advertise the services of one premium ...
Pressure is on over contract certainty
The pressure is on for insurance companies to embrace contract certainty initiatives and for the ind...
Clarity over Lloyd's comments
Reading the article in Post Magazine regarding the European Commission inquiry into Lloyd's, I would...
Insurers caught up in CAP row
Developing countries are refusing to pull down barriers restricting the entry of UK and European ins...
FSA broker deadline set for August
The Financial Services Authority has written to chief executives of all general insurance intermedia...
Lloyd's rating affirmed by AM Best
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating (ICR) of ‘a’ of Lloyd’s of London.
Tokio Marine Global joins IUA
Tokio Marine Global has become the second company in recent weeks to join the International Underwriting Association (IUA) as the market body continues its drive to make London a more attractive place for global insurance and reinsurance business.
New insurer joins IUA as chairman re-elected
Tokio Marine Global has become the second company in recent months to join the International Underwriting. Arch (Europe) joined in May.
FSA fee paying instalment plan signs up 1,750
Around 1,750 small firms have taken advantage of a new scheme that lets them pay their Financial Services Authority (FSA) fees by instalments.
NU concern over broker regulation
Norwich Union has developed an online checklist to enable brokers to assess whether they are fully compliant with FSA regulations.
Pennsylvania supreme court upholds Legion decision
Pennsylvania's Supreme Court has upheld a 2003 lower court finding that four policyholders of defunct insurer Legion Insurance can obtain direct payment of their claims from Legion's reinsurers.
Aviation run-off scheme challenged by US creditors
British Aviation Insurance Company (BAIC) has become the first insurer to see a successful court challenge to its proposed solvent scheme of arrangement.
Safety regulations will increase insurance demand says Kennedys
The Department of Trade and Industry has today [21 July] published the General Product SafetyRegulations 2005 (GPSR) which come into force on 1 October and apply to all consumer products, including some second-hand goods.
Mutuals step up bid to appease the Treasury
Mutual insurers have taken steps to prevent further state intervention in how they operate their man...
New chairman of the Association of British Insurers
Keith Satchell, group chief executive of Friends Provident, is the new chairman of the Association o...
Howden UK announces extension to professional indemnity policy
Howden UK has announced an extension to its professional indemnity policy for British Insurance Brok...
The FSA introduces first phase to simplify handbook
The Financial Services Authority this week introduced the first phase of its programme to simplify i...
Window of opportunity
Overseas Focus: Greece
Regulator warns of
There is widespread non-compliance with rules for the handling of client money in the insurance indu...
We must stop a repeat Indie
It is a sad indictment that more than four years after the demise of Independent Insurance, there ha...
Union name row frustrates Bill progress
Industry figures have expressed dissatisfaction at delays in drafting the Compensation Bill. The De...
New Australian code of practice introduced
A new code of practice has been introduced by the Insurance Council of Australia (ICA) that, according to the ICA, will mean general insurers will meet higher, measurable performance standards for dealing with customers, including settling claims in…
OFT appoints Fingleton from Irish counterpart
Trade and Industry Secretary Alan Johnson today announced the new chief executive of the Office of Fair Trading (OFT). John Fingleton, currently the Chairperson of the Irish Competition Authority, will take up his position in October 2005 for a five year…
VAT on outsourcing: Download paper now
HM Revenue & Customs has just published its consultation document on VAT and outsourcing which could have a major impact on the insurance industry.