Regulation
Reinsurance Directive gets yes vote
The delayed Reinsurance Directive has finally been approved by the European Parliament paving the way for a level regulaory playing field for companies operating across the continent.
EU Reinsurance vote gets Tuesday slot
The EU Re-insurance Directive is now scheduled for debate this evening in Strasbourg, with Peter Skinner MEP leading the debate. The vote should take place tomorrow (Tuesday).
New Fitch report looks at UK non-life market
UK non-life insurers have recently enjoyed good operating conditions, certainly an improvement on the underwriting climate of the late-1990s, according to a new report from ratings agency Fitch.
AIG rating lowered to AA at S&P
Standard & Poor's Ratings Services has lowered its long-term counterparty credit and senior debt ratings on American International Group to 'AA' from 'AA+' and removed it from CreditWatch with negative implications.
Garamendi comments on California compensation reforms
California insurance commissioner John Garamendi has called for an 18% decrease in workers’ compensation pure premium rate in the state.
AIA calls for better approach to regulation
The American Insurance Association (AIA) has urged state insurance regulators to change their chaotic and costly approach of individual states issuing investigative subpoenas whenever an insurer comes under scrutiny.
Independent Insurance: the liquidator speaks
The joint provisional liquidator of Independent Insurance Dan Schwarzmann has written a letter to update policyholders on the progress as regards the future of the Provisional Liquidation of the company. As a result of the work since the provisional…
Top 50 broker shutdown raises new concerns
Further discrepancies concerning client and insurer monies held by brokers could be set to emerge in...
Clause must consider causation
Blackburn Rovers FC v Avon Insurance - (Court of Appeal - 11 April 2005)
FSA must respond, not react
Our beloved consumer champion, the Financial Services Authority, was caught on the hop last week aft...
Brokers face prison through ignorance
The insurance market needs to address its vulnerability to money laundering, as it is "only a matter...
The FSA strikes back
Regulatory Focus
TOBA will help London progress
The recent Post Magazine coverage of the new model terms of business agreements was disappointingly ...
Insurer urges action over solicitors
Insurer Axa has urged the government to include claimant solicitors as part of plans to regulate cla...
European Parliament withdraws EU directive
The European Parliament has withdrawn the European Union directive that would have created a harmoni...
FSA and FOS unveil fees
The final Financial Services Authority fees and the Financial Ombudsman Service levies for 2005/2006...
Appointment at Weightmans
Weightmans has appointed Roddy Macleod as partner. He joins the company after spending 15 years at J...
ABI should be lobbied over data
The Association of British Insurers has said the use of whiplash data in calculating vehicle group r...
Appointment at Willis Re
Recruitment
EU heats up collateral battle
The European Union plans to up the ante in its fight against the US to release the estimated $50bn t...
Why a judge won't bail you if you don't check your wordings
Contract mistakes
Why on earth is the Directors and Officers market so soft?
With shareholder class actions flying around the US, new regulations completely untested and boardrooms running scared the world over, Mark Geoghegan thinks it's amazing a Directors and Officers (D&O) market exists at all, let alone an extremely soft one
Insurance and politics do mix ..
Inside view
Hungarian market set for seven-fold increase
Global review: Hungary