Regulation
FSA responds over BPS issue
I would like to comment on the leader "FSA must respond, not react" in the 2 June issue of Post Maga...
Who will foot the new VAT bill?
The insurance industry has an interesting decision to make during the coming months. With the Europe...
FSA will not budge over greater regulation
Risk managers have been dealt a blow in their hopes to gain further regulation of the insurance buyi...
European Commission launches online consultation
The European Commission has launched a public online consultation on two issues related to motor ins...
Hartford subpoenaed again by Spitzer
Hartford has received an additional subpoena from New York Attorney General Eliot Spitzer's office concerning the Company's broker compensation arrangements in connection with the sale of group annuity products.
SEC subpoenas continue
Philadelphia Consolidated Holding (PCH) has confirmed that it has received a subpoena from the Securities and Exchange Commission (SEC).
QBE restructure sees managers leave
QBE Europe have today announced a shake up of its non Lloyd’s business resulting in a number of senior departures.
IUA looks to boost London reform programme
International Underwriting Association today announced its member companies are submitting market placing slips to a voluntary audit in a bid to boost London’s business process reform programme.
Watson Wyatt in French insurance push
Watson Wyatt and Actuaris, the Paris-based actuarial consulting and insurance and financial software firm, have agreed a strategic alliance to grow their share of the French insurance market.
EC begins new motor insurance consultation
The European Commission has launched a public online consultation on two issues related to motor insurance - public awareness of national compensation bodies and their effectiveness in settling claims, and problems getting insurance coverage for trailers.
Belgian steps up to Ferma role
Marie-Gemma Dequae, president of the Belgian risk management association BELRIM from June 1994 until June 2005, has been named as the next president of the Federation of European Risk Management Associations.She will begin a two year term at the head of…
Marsh senior VP joins Brit
Brit Insurance today announced that Mike Smith has joined the group to head up its expanding technical wordings team. He will cover all direct classes of business.
"Key facts" summit call
A leading industry figure has blamed "useless" key facts documents required by the regulator as a ke...
Appointment at Axa
Ralph Nash has joined Axa as director of group operational risk. Prior to this, Mr Nash was head of ...
Omni Whittington seeks creditors' agreement over solvency scheme
Run-off specialist Omni Whittington hopes to drastically reduce the time it takes to settle the liab...
No further tidal waves of regulation expected
Charlie McCreevy, EU Commissioner for the internal market and services, has attempted to reassure th...
The FSA launches handbooks of its rules
The Financial Services Authority has launched 14 sector-specific tailored handbooks of its rules and...
Formal buying policy looms
Further regulation of the insurance buying process is both "inevitable" and "desirable" if brokers d...
Who will foot the bill?
Agricultural Focus: Bovine TB
UK insurance braced for Spitzer-style investigation
The prospect of a Spitzer-style investigation into the UK's commercial insurance market became a ver...
Airmic still unsatisfied by broking market
The Association of Insurance and Risk Managers used its conference this week to unveil whether there...
Swiss Re looks ahead to good 2005 P/C returns
Swiss Re has provided further disclosure on its risk management approach and its very strong capital adequacy at an investor day in the US. Swiss Re has also provided an update on its property & casualty business, showing that this area continues to…
Airmic survey: brokers still failing on transparency
After a review into the way insurance brokers are remunerated, the Association of Insurance and Risk Managers has stated recent improvements in broker transparency have not yet delivered results.
Tell the European Commission what you think
The European Commission is planning to review existing regulations in the financial services sector. If you want to let the European Commission know your views on what existing rules need to be changed, please use the link below to submit your views as…