Regulation
FSCS offers olive branch to Whiteley's customers
The Financial Services Compensation Scheme is stepping in to assist customers of Whiteley Insurance Consultants.
Heavy retro commutation discount and other exceptionals knock Converium’s Q1 results
A heavily discounted commutation combined with a large winter storm loss helped Converium slump to a consolidated Q1 net loss of $61.8m and a pre-tax operating loss of US$47.8m. This compared to a net profit of $65.7m and a pre-tax operating income of …
Asbestos bill facing increased opposition
Legislation to establish a $140bn asbestos compensation fund faces a lack of support even if it musters enough backing to be voted out of the Senate Judiciary Committee this week, a Democratic opponent has claimed.
HLN creates Yorkshire Business Unit
Heath Lambert National has formed a Yorkshire Business Unit, to build on its strong local relationships in Hull, Leeds and Sheffield.
AIG receives further downgrade blows
A.M. Best has downgraded the Financial Strength Ratings of most of AIG's wholly-owned insurance subsidiaries to A+ (Superior) from A++ (Superior).
CII aims to enlist more titleholders
The Chartered Insurance Institute is embarking on a campaign to increase the number of chartered tit...
Nothing certain over contracts
And so it comes to pass that the London market has no reason to fear a Friday 13th bloodbath on the ...
CILA optimistic as service tide changes
Andy King, outgoing president of the Chartered Institute of Loss Adjusters, claimed the insurance in...
Commentary - A joint expert is not always best
In the case of Jackson v Marley Davenport (2004), the Court of Appeal held that the Civil Procedure ...
Communication is the key
CILA Roundtable
Evading eagle eyes
Premium Finance
Alleged breach may cost brokers
Brokers may face a significant hike in compensation levy payments after a travel insurance provider ...
Zurich ballot blues
Voters headed for the ballot box today as Tony Blair sought to become the first Labour premier to wi...
EC unveils insurance proposals
The European Commission has reaffirmed its commitment to the single market and to a regulatory break...
Aon changes plan, with LMA backing
The London market this week said it was confident of agreeing further broker transparency models aft...
Learning the EU ropes
European Focus
Events
12 May Aon Consulting Flexible Benefits seminar London Tel: 020 8970 4474 E-mail: thali...
Election D-Day for trio
Election 2005: Polling Day
System addict
Regulation
Aviva/RAC deal approved
Aviva has confirmed is bid to buy motoring giant RAC has been declared unconditional.
Aon finalises transparency model
The IUA has given its backing to prospective additions to London market placing slips to promote transparency.
AIG delays 10-K again, admits possible $1.2bn hole in figures
American International Group (AIG) has announced that it has delayed the publication of its 2004 annual report for the second time.
Munich Re execs testify on AIG
Executives from Munich Re have met officials from the office of New York attorney general Eliot Spit...