Regulation
Asian tsunami; Swiss Re estimates
Swiss Re has announced that it expects its claims from the tsunami that hit Asia on 26 December 2004 to be below CHF100m (£46m). The devastation caused in the aftermath of the natural disaster has already seen an estimated 150 000 lives lost, with this…
ABI announces details of 2005 conference
The second Association of British Insurers' (ABI) insurance industry conference, entitled Building a Stronger Future - Creating Security in a Risky World, will take place on March 9th 2005, at the QE II Conference Centre in Westminster.
IUA members estimate $5-$10bn of insured losses from Asian disaster
The International Underwriting Association has issued a statement in response to the Asian Tsunami disaster, offering its condolences to relatives of the victims.
EC knows nothing about insurance
With regards to the Equal Treatment (Gender) Directive, what has been achieved is undoubtedly an imp...
FSA changes its mind ... again
It was interesting to see self-styled consumer champion the Financial Services Authority yet again m...
FSA U-turn creates a trading loophole
The Financial Services Authority has admitted its U-turn allowing unauthorised brokers to sell insur...
FSA unfair to criticise
How interesting to hear that the Financial Services Authority is once again criticising the laxness ...
GISC warns FSA of non-compliance
The boss of the outgoing general insurance regulator has warned its replacement, the Financial Servi...
Clementi legal review offers no surprises
News Analysis
Aon shake-up reflects concerns over Spitzer
Aon has introduced a new business model in the wake of the Spitzer inquiry to make its payments from...
Run-off market faces regulation wake-up call
With General Insurance Day approaching and the shock waves from the Spitzer inquiry still buffeting ...
Run-off market faces regulation wake-up call
With General Insurance Day approaching and the shock waves from the Spitzer inquiry still buffeting ...
European insurers could face a Spitzer-style inquiry
European insurers could face a Spitzer-style inquiry as part of an investigation to be launched this...
EC knows nothing about insurance
With regards to the Equal Treatment (Gender) Directive, what has been achieved is undoubtedly an imp...
FSA unfair to criticise
How interesting to hear that the Financial Services Authority is once again criticising the laxness ...
EU gender law poses disclosure headache
UK insurers could be forced to publicly disclose commercially sensitive information under the Europe...
GAB Robins sets up response team in Hong Kong
GAB Robins has set up a response team in its Hong Kong office to co-ordinate adjusting expertise and resources throughout Asia in the aftermath of the Indian Ocean earthquake disaster.
Munich Re remains on target despite earthquake losses
The insurance penetration of the Indian Ocean disaster is relatively low, and the insured property losses are likely to be limited due to the sparse concentrations of values, according to Munich Re.
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.
CII rolls out six new topics for syllabus
The Chartered Insurance Institute is introducing six new examinations into the 2005 general insuranc...
FSA: two years to comply
It was interesting that Financial Services Authority chief executive John Tiner chose to give his sp...
Clementi clears the way for insurers to buy into lawyers
Insurers will be able to acquire significant stakes in legal entities should the Department for Cons...
Insurance UK rebuffs Tiner
Insurers and brokers this week claimed there was no evidence of contract uncertainty in the UK - out...