Regulation
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…
FSA introduces tailored handbooks for small firms
The Financial Services Authority (FSA) has launched 14 sector-specific tailored handbooks of its rules and guidance for small firms.
NAIC task force launches broker disclosure action plan
The National Association of Insurance Commissioners (NAIC) has announced that it has wrapped up the first prong of its three-part action plan on broker disclosure at its Summer Meeting in Boston.
Aon and RSA in cargo scheme launch
A new cargo insurance website, GoCargoInsurance.com, has been launched to bridge the gap created after the introduction of new regulations from the Financial Services Authority.
Retail insurance set for further regulation says EU Commissioner
Charlie McCreevy, EU Commissioner for the internal market and services, has attempted to reassure the continent's insurers that no further tidal-waves of regulation were to be expected. He told a delegation of industry association representatives that …
Brussels confirms insurance probe
The European Commission has decided to launch sector inquiries in financial services in the European Union in the areas of retail banking and business insurance.
Scor to restructure non-life business
The Scor Group has announced that it is adapting its worldwide structures to its new business profile, which has now been stabilised.
BHSF secures high street contract
Allied Carpets’ 2,100 UK employees are to be provided with counselling and health initiatives by The Health Scheme at BHSF.
Run-off specialist aims for speedy closure
Omni Whittington has received approval from both the English and Singapore courts to seek creditors’ agreement to place Singapore-based Lion City Run-Off Private Limited (LCR) into a solvent scheme of arrangement to speed up settlement of its liabilities.