Regulation
Barclays names non-life as target
Barclays Bank is actively targeting the non-life run-off sector for investment opportunities in 2005...
Tiner details scope of enforcement review
John Tiner, chief executive of the Financial Services Authority, has announced the scope, form and timing of the promised review of the FSA's enforcement processes. The review will be led by David Strachan, FSA director of retail firms and sector leader…
Haddrill handed top job at ABI
The Association of British Insurers today announced the appointment of Stephen Haddrill as director general in succession to Mary Francis. He will take up his position on 3 May 2005.
Lambourne launches Lloyd's broker run-off service
Lambourn Insurance Services has launched a new broker run-off and replacement service, following its successful application to Lloyd’s for approval to administer run-off business. The service, facilitated by Broker Number LAM 1122, will be officially…
Biba backs FSA over inducement guidance
The British Insurance Brokers’ Association has congratulated the Financial Services Authority after it issued a guidance paper clarifying their approach to conflict management, and in particular the unfair inducements rule.
FSA statement on inducements in full
FSA statement in full below
Tiner: FSA hand book may be updated to cover inducement advice
The Financial Services Authority chief executive John Tiner today said the regulator believes that its rule book does not yet need updating with regard to rules on inducements and managing conflicts of interest which apply to insurers and intermediaries.
Coversure wins compliance awards
Coversure Insurance Services has won the “Most Cost Effective Compliance Technology Provider” category at the inaugural Complinet Compliance Industry awards.
AM Best confirms Singapore Re ratings
Re-ratings
Appointment at JLT Risk Solutions
Recruitment
Alex Letts, chief executive of ri3k assesses the renewal season
Were you expecting a battle to move people from paper to electronic trading for this renewal season?...
Insurance industry unready for FSA regulations, claims survey
On 14 January, new Financial Services Authority (FSA) regulations governing the general insurance in...
Marsh settlement: full statement and apology
Marsh has issued the following statement following its agreement with the New York State Attorney General Eliot Spitzer.
Moody’s report looks at UK life industry
The overall rating outlook for the UK life insurance industry remains negative, says Moody's Investors Service in its new Industry Outlook on the sector.
Aon strikes Prudential deal
Aon's specialist Professional Risks division has been chosen by Prudential to provide brokerage services for its global financial insurance needs.
Jelf Group updates branding
The Jelf Group is undergoing a major re-brand of its logo, website and corporate literature to reflect its new name, Jelf Group plc, following its flotation on AIM in October 2004.
Equal pay: progress is painfully slow
In the 35 years since the Equal Pay Act was passed, progress towards achieving equal pay has been pa...
Jobcutting CIS admits claims problems
Co-operative Insurance Society has been forced to outsource some high-value claims work due to inade...
Financial Services Authority settles proceedings
News in Brief
To diversify or not to diversify?
It is interesting to see that loss adjuster Ashworth Mairs Group has announced that it is set to div...