Regulation
Financial Services visits end 2005
News in brief
Turbulence ahead
Aviation
Corporate Bill will not result in EL blacklist
Some of the recent comments regarding corporate manslaughter worries are, in my opinion, misleading ...
VAT fears spark summit
Loss adjusters with panel agreements could incur huge tax bills as a review by HM Revenues and Custo...
Medical association to start trials
News in brief
Equitas contests instability claims
Equitas has hit back at claims that an asbestos-related lawsuit in the US could destabilise the mark...
AMG continues to diversify with new arm
Loss adjuster Ashworth Mairs Group has given its diversification strategy another push by launching ...
FSA appoints enforcement director
The Financial Services Authority (FSA) has appointed Margaret Cole, partner in the London office of the international law firm White & Case, as its new director of enforcement.
AM Best issues report on 2004 US P/C industry
The US property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9, according to a new report released by AM…
CII to increase number of chartered titleholders
The Chartered Insurance Institute is embarking on a campaign to increase the number of chartered titleholders by writing to 7,000 eligible Associate and Fellow members, in readiness for the launch of a new online directory in June.
NU in seven-day pledge
Norwich Union has launched a product to enable car dealers to provide seven days’ free comprehensive motor insurance to customers.
ABI urges reform of FSA enforcement procedures
The ABI (Association of British Insurers) has urged the Financial Services Authority (FSA) to improve its enforcement procedures so that they provide "greater transparency, objectivity and certainty".
Ex-Skandia chief takes reigns at Abbey Insurance
Abbey has appointedof Paul Bradshaw as chief executive of its insurance and asset management division. Subject to FSA approval, he will join the company on 25 April and will sit on the bank's executive committee.
Utley Cox takeover d-day verdict
Cox Insurance this morning announces that advanced discussions are continuing in relation to a proposed recommended cash offer on behalf of Duke Street Capital V Limited, Englefield Capital LLP and Neil Utley.However, the motor insurer stressed: “There…
PPI mis-selling is FSA priority
The Financial Services Authority this week put the mis-selling of payment protection insurance top o...
Aon's 2005 Terrorism Risk map
Terrorist activity is making the world a riskier place in which to do business, according to Aon's 2...
Penny Black's insurance week
Never mind European regulations, the real problem with the insurance industry is lack of self-esteem...
Trial by judge, not by expert
Armstrong and another v First York (Court of Appeal - 17 January 2005)
Election trio's manifesto hope
Before the election was called, the major three parties all made noises about what they would do for...
New framework set to remove trade barriers
A new framework for pan-European insurance products could pave the way to a single market, without t...
A single market still needs agreement
The news of a proposal that could ultimately lead to a single European market for insurance, without...
Levene sets out four-point plan
Lloyd's Chairman Lord Levene has outlined a four-point plan to restore confidence in the insurance i...
FSCS prepared to take liability risk
The Financial Services Compensation Scheme is encouraging early closure of insurers in run-off, desp...
International associations call for global insurance liberalisation
The insurance industries of Europe, represented by Comite Europeen Des Assurances, and the US, represented by the American Council of Life Insurers and the American Insurance Association, are calling for the opening up of insurance markets worldwide.