Regulation
Prettejohn "the zealot" fails on disclosure issue
Nick Prettejohn has demanded that the Financial Services Authority "change its conduct of business r...
Setting suns
The Treasury's decision to exclude travel agents from the Financial Services Authority's remit caused consternation in sectors of the insurance industry. Ana Paula Nacif talks to Association of British Travel Agents' chief executive Ian Reynolds, who…
Board appointment at Medicash
Liverpool-based health cash plan provider Medicash has appointed Peter Lauris to its board of directors.
Danish Re bought up by Imagine
The Imagine Group has announced that its subsidiary Imagine Insurance Company has completed the acquisition of Danish Re (Bermuda) and all related subsidiaries of the Danish Re Group worldwide.
St Paul offloads personal lines book
Lloyd’s managing agent Jubilee has acquired the Cassidy Davis personal lines book from St Paul Travelers.
Airmic chair warns it will lobby FSA over renumeration regulation if new broker models fail
It is too early for commercial insurance buyers to lobby for formal regulation of broker remuneration, according to Andrew Cornish, chairman of the UK risk management association, Airmic.
Converium announces renewal results
Following its January renewals, Converium has announced that it expects total gross premiums written for 2005 to exceed $2bn, which is in line with expectations. 63% of the Company's renewable non-life business volume (excluding Converium Reinsurance …
CSC consults consumer groups
The Claims Standards Council will canvass public opinion to help alter its codes on cold calling, it...
Brokers ride out Spitzer storm in rude health
Broking giants Aon and Willis have been warned that this year will be the true test of their financi...
Understanding underwriting
Future insurance market performance rests firmly on its ability to put the science back into underwriting. Michael Barber explains
Setting the standard
Contract Certainty
IUA CEO bids to be MP
Marie-Louise Rossi will quit as International Underwriting Association chief executive later this mo...
FSA addresses confusion over its rules
It seems that in our desire to be open and transparent in our decision making, we at the Financial S...
IUA CEO steps down to pursue general election seat
Marie-Louise Rossi is to leave the International Underwriting Association of London after more than six years as chief executive of the association she helped to create. She plans to concentrate in the short term on her political activities, but hopes to…
Moody's comments on new look Axa
Moody's has affirmed with a stable outlook Axa's debt ratings (senior at A2), as well as the Aa3 insurance financial strength ratings of Axa's main operating subsidiaries, saying that the group's refocusing and rationalization efforts deployed in recent…
Scor premiums down for 2004
Scor group’s gross written premiums for the 2004 financial year amounted to €2578m at constant exchange rates, down 30.2% compared to 2003.
Top 250 brokers see slow in growth
Cornell Consulting's respected annual review of distribution in the UK commercial market estimates that growth for the Top 250 independent brokers slowed to 9% in 2004. This, says the report, is the lowest growth since 1999 and reflects the softening…
82% achieve CII exam pass
Twelve months on from its introduction the number of holders of the CII’s new Certificate in Insurance has grown to 2250.
Moody’s rating for Sompo Japan unchanged
Moody's Investors Service has affirmed Sompo Japan’s Aa3 insurance financial strength rating (IFSR) and Sompo Japan Financial Guarantee Insurance’s Aa3 IFSR.
Converium appoints interim CFO
The Board of Directors of Converium Holding has agreed to the appointment of Andreas Zdrenyk as interim chief financial officer of the company following Martin Kauer's scheduled departure on February 28, 2005. Converium's search for a successor to Martin…
FSSC consults on standards
The Financial Services Skills Council is launching a month-long consultation process on 9 February t...
FSA sets May date for GI clampdown
The Financial Services Authority will begin clamping down on unregulated general insurance firms fro...
Watson Wyatt to fight multi-million Indie claim
Watson Wyatt has confirmed it has appointed legal representatives to defend the multi-million-pound ...
ABI looks again to Whitehall for Francis successor
And with no great surprise, the Association of British Insurers unveiled its new director general la...