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Regulation

Treasury u-turn on insurance authorisation

Insurance law firm Reynolds Porter Chamberlain has called the Treasury’s decision to grant interim permission to businesses to sell or advise on the sale of insurance products a dramatic policy u-turn.

Aon issues transparency promise

Aon Limited, the UK brokerage arm of Aon Corporation, has said it will take steps to reinforce its commitment to complete transparency in the London insurance marketplace.

Swiss re study points to capital volatility after IFRS

The latest Swiss Re sigma study, “The impact of International Financial Reporting Standards on the insurance industry”, has found that while new accounting standards will increase transparency, they may also bring higher earnings and capital volatility.

Tiner: full speech

John Tiner, chief executive of the Financial Services Authority last night put pressure on the insurance industry to get together and resolve issues over contract certainty. The full speech follows:

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