Regulation
Life is a struggle
Review of the Year: Life Insurance
FSA: still time to apply
The Financial Services Authority has given hope to unauthorised intermediaries selling general insur...
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:
FSA gives industry two years to sort out contract certainty
John Tiner, Financial Services Authority chief executive, last night called for the insurance industry to change its handling of commercial insurance contracts. Speaking in New York he told his audience that the FSA wants to see the end of the practice…
AM Best comments on Silverstein result
After a preliminary assessment of the impact of the recently announced verdict that the 9/11 attack on the World Trade Center was two insurable events, AM Best has said that it does not believe the decision will result in any rating changes for the nine…
FSA makes plea to 4500 unregistered firms
The Financial Services Authority today named the 'hotspot' sectors of firms selling insurance who have yet to apply for authorisation and warned them to do it now or risk losing business before regulation comes into force on 14 January.
Appointment at Deloitte
Deloitte has made Darren Michaels a director. He joins the team of actuarial general insurance pract...
'Stub fees' set next week
Brokers will shortly discover the initial cost of insurance regulation, the Financial Services Autho...
FSA offshore visits to begin next week
The Financial Services Authority is to begin inspections of UK insurers' offshore operations in Indi...
Appointment at Comite Europeen des Assurances
Uwe Breuer, director of R&V Allgemeine Versicherung AG (Germany), has become chairman of the CEA Acc...
Penny Black's insurance week
Penny was delighted to attend the British Damage Management Association fifth anniversary bash last ...
The dawn of a new age
Legal Report
It's time to re-evaluate the industry's approach to EU regulation
The extent of regulation and proposals that have originated from the European Commission this year h...
Corporate conviction
Legal Report
Swiss Re: two more profitable years ahead
Swiss Re has warned that impending regulation and the need for greater transparency will increase pr...
Join the FSA, see the world
Fancy a jetset life in insurance? Working for the Financial Services Authority as a general insuranc...
Outsourcing 'still a learning curve'
Tony Boorman, the Principal Insurance Ombudsman, has said that there are still questions about wheth...
Oxygen recruits trio from Faraday
London market broking start-up Oxygen has hired three executives from chief executive officer Nigel ...
Moody’s upgrades Scor
Moody's has announced that it has upgraded Scor's Insurance Financial Strength Rating (IFSR) to Baa2 from Baa3, Senior Debt to Baa3 from Ba2, and Subordinated Debt to Ba2 from Ba3. All ratings have a positive outlook.
Countrywide helps brokers explain FSA benefits
The Misys Countrywide network has produced a guide for its members to help them explain the benefits of Financial Services Authority regulation to their customers.
Oxygen hires first agency team
Oxygen, the London market insurance intermediary company launched in October, has today announced details of the first team to join its agency business.
DLA/Rudnick merger creates legal giant
Law firms DLA and Piper Rudnick have announced a merger, making it the third largest law firm in the world by lawyers and the sixth largest by revenues, according to the latest AmLaw Global 100 rankings
CII launches six new examination subjects
The Chartered Insurance Institute has announced the introduction of six new examinations into the 2005 general insurance qualifications framework.