Regulation
Swiss Re profits up
Swiss Re’s net income increased to 2.5bn Swiss Francs in 2004. According to the company all three business groups contributed to a strong performance and an excellent 5.8% return on investments further enhanced Swiss Re’s 2004 earnings.
Brokers "smothered" by regulations, says new Mazars survey
The insurance broking industry feels smothered by the process of regulation, continues to consolidate and has been disappointed by the promise of technology, says Mazars’ third Insurance Broker Survey, published today in association with the British…
Britannia set to acquire after MBO
Risk management specialist National Britannia Group is planning an acquisition spree following a £25...
Nordic prospects
Overseas Focus: Scandinavia
Agencies come under fire for inflated costs
Medical reporting agencies were this week attacked for the inflated rates that they charge insurers....
Events
17 March; National Security Inspectorate - Reducing Risk Together seminar; Glenlee Tall Ship, Glasgo...
EC to issue insurance update in May
The European Commission will publish a green paper in May outlining its thoughts on the future of th...
What the papers said this week
- Vincent Cable, the Liberal Democrats' Shadow Chancellor, has written to the Advertising Standards ...
Insure-com overhauls four divisions for growth
Insure-com has announced details of an expansion initiative, following a recent management changeove...
Are you being served?
Lloyd's: Loss Adjusting
Galbraith vows to defend
British Insurance Brokers' Association chief executive Eric Galbraith has vowed to defend the indust...
Willis could become the "dominant player" claims ex Marsh employee
Willis today claimed it had made a significant move in strengthening its presence in Scotland with the appointmnet of a duo from rival Marsh.
Budget 2005: reserve tax - demutualisation of insurance companies
Stamp duty reserve tax: demutualisation of insurance companies
Budget 2005: Lloyd's regulation amendment announced
The Chancellor today announced an ammendment to the powers for making regulations relating to Lloyd’s. The measure will aply to regulations made after the passing of the 2005 Finance Bill.
Moody’s revises AIG outlook
Moody's Investors Service has revised the outlook on the long-term debt ratings (Aaa, senior) of American International Group to negative from stable.
Oxygen appoints two agency teams
Oxygen, the London market insurance intermediary company, has announced the appointment of two new teams specialising in contingency and accident & health, sports and travel business to its agency operation, Oxygen Insurance Managers.
Galbraith defends EU investigation slur
The British Insurance Brokers' Association Chief Executive, Eric Galbraith, is set to defend the industry during any future EU investigations that occur.
Strachan calls for input on FSA review
The Financial Services Authority has called for interested parties to help shape views on its Enforcement Process Review being led by David Strachan.
IAIS strengthens commitment to IASB
The International Association of Insurance Supervisors (IAIS) has announced the formation of a new subcommittee to deal with the increasing set of accounting issues and to strengthen its commitment to continued and improved cooperation with the…
Lloyd's brand debate raises questions for brokers
The news that Lloyd's is seeking to prescribe the use of its corporate brand is interesting. For the...
Lloyd's takes hard line in brand push
London Market News
Brokers to petition EC over VAT plans
Brokers are set to petition the European Commission after it was found they could be liable for addi...
Bar Council to create new body
Legal Report
Industry should make the most of the delay over NHS clawbacks
The insurance industry received a double dose of good news this week. Firstly, the Department of He...