Regulation
FSA announces 2005/6 business plan
The Financial Services Authority has published its Business Plan. This sets out the FSA's priorities for 2005/06 and the budget necessary to deliver them.
Fitch affirms Lloyd's rating following Central Fund award
Rating agency Fitch has affirmed Lloyd's ratings following its announcement of a partial award in arbitration proceedings relating to the Lloyd's Central Fund. The outlook on the Insurer Financial Strength (IFS) and Long-term ratings remains stable.
Ombudsman shake up sees new chair appointed
The Financial Services Authority today announced the appointment of Sir Christopher Kelly KCB as the new chairman of the board of the Financial Ombudsman Service. The board runs the single ombudsman scheme set up by the FSA under the Financial Services…
Lloyd's favoured in central fund dispute but case rumbles on
Lloyd’s dispute with six reinsurers of its new central fund is in the balance after arbitration proceedings found that one of the carriers, Swiss Re, was entitled to "avoid the policy".
Guy Carpenter publishes marine and energy review
Reinsurance broker Guy Carpenter has released itscomprehensive Marine & Energy Reinsurance Review Report 2005, which identifies key influences driving decision-making in the marine and energy reinsurance marketplace.
Ballardie quits Aspen for TMG underwriting role
Adrian Ballardie will join Tokio Marine Global as chief underwriting officer, having spent just ten months as chief risk officer with Aspen Re, it was announced today. Mr Ballardie will join TMG on Monday 24th January.
Reinsurance Australia Corporation bids to return from run-off
Reinsurance Australia Corporation is planning to return to the market as an active general insurance company.
FSA settles Hogarth case
The Financial Services Authority has settled proceedings under the Financial Services and Markets Act 2000 against Hogarth Underwriting Agencies and William Dewsall, the company’s managing director.
Insurance Act amended on Bermuda
The Insurance Amendment Act 2004 has come into effect for the insurance industry on Bermuda.
Will FSA change again?
John Tiner's comment at the 2002 Financial Services Authority conference that "smarter insurance reg...
Clauses must be consistent
Brown v Drake International and others (Court of Appeal - 3 December 2004)
The IUA publishes information on insurance contracts
The International Underwriting Association has published information on the taxation of insurance co...
Biba irons out interim confusion
The British Insurance Brokers' Association has become aware of some uncertainty among intermediaries...
Appointment at Fusion Insurance
Fusion Insurance has appointed Mel Neale and Simon Cross to senior management positions. Mr Neale ha...
Is the ABI in safe hands?
Though he comes to his new role - as director of general insurance at the Association of British Insurers - without a background in insurance, Nick Starling says the issue of managing risk is not new to him. Jonathan Swift finds out more
Verdict could see FSA overhaul
The general insurance industry could see some changes in the Financial Services Authority's regulato...
Claims: regulation D-Day in two weeks
The body charged by the government with regulating claims farmers is ready to quit unless it gets ba...
Nine years ago
Looking back
Almost 1000 firms miss GI Day cut
The Financial Services Authority has revealed the approximate size of the intermediary market for th...
NU attacks FSA over rules
Norwich Union has slammed the Financial Services Authority for rules it says are anti-competitive fo...
Legal and General welcomes tribunal's decision
The Financial Services and Markets Tribunal has today delivered its judgment in the case between the Financial Services Authority and Legal & General Assurance Society.
Composite finds new marketing partner
Composite Legal Expenses has signed a five year deal with Solutio Europe to offer a wide range of assistance products to the UK broking, affinity group and schemes markets.
IUA publishes tax rates for new EU countries
Information on the taxation of insurance contracts within the 10 new European Union member states has been published for the first time by the International Underwriting Association.
Tiner sets enforcement priority
The day the Financial Services Authority finally assumed control of regulating the general insurance sector, there were almost 1000 applications for authorisation still being processed.