Regulation
Scor announces results for year so far
Scor has announced that its consolidated net income for the first nine months of 2004 came to €54.3m, up on the €349m it lost in the same period of 2003.
Discrimination costs to reach eight-figures
The insurance industry is facing a sharp rise in costs for discrimination in the workplace, it has b...
HSE stress guidelines could signal flood of claims
Eversheds law firm is warning companies to take new government guidelines on stress in the workplace very seriously or face a flood of stress claims.
At the cutting edge
Forensic Accounting
SFO Indie D-Day set as new inquiry opens
Senior directors of Independent Insurance have been told by the Serious Fraud Office that a decision...
Appointment at Aspen
John Henderson has been appointed to the newly created post of senior underwriter for marine and ene...
FSA looks to vet GI policy offerings
Insurers could see new product offerings scrutinised by the Financial Services Authority from next y...
Spitzer will not affect recruitment
Broker Marsh has insisted uncertainties caused by the allegations from New York Attorney General Eli...
What about the offshore risks of data protection?
From a personal perspective, I found the piece on India, 'An offshore thing' (PM, 28 October, pp14-1...
Is Independent D-Day really upon us?
This week brings more speculation that the Serious Fraud Office inquiry into Independent Insurance i...
US broker body predicts change
The insurance industry is unlikely to return to "business as usual" in the wake of New York Attorney...
Keeping a watchful eye
Professional Indemnity
Appointment at Comite Europeen des Assurances
The Comite Europeen des Assurances has appointed Olav Jones as chairman. He is head of insurance ris...
Fraud us
Jamie Taylor provides an update on the proposed Fraud Bill
FSA product scrutiny raises doubts over level playing field
The news that the Financial Services Authority is weighing the possibility of scrutinising general i...
Appointment at Milliman Global
Consulting and actuarial firm Milliman Global has appointed Dominique Piermay as chair of its board ...
NAIC forms task force to look at Spitzer allegations
The National Association of Insurance Commissioners (NAIC) has formed a new task force to investigate the alleged criminal misconduct and violation of insurance laws claimed by New York Attorney General Eliot Spitzer.
FM Global hires new production underwriter
Anna Spink has joined commercial property insurer Affiliated FM as a production underwriter to assist with the rapid expansion of its products and services in the UK.
Lawyer slams UK cost of PI
The UK’s “gold plating” of the EU’s Insurance Mediation Directive could add substantially to brokers' and other intermediaries' professional indemnity costs, warned law firm Reynolds Porter Chamberlain today.
XL pays out $47m and stops contingent commissions
Bermuda-based XL Capital has reported that it paid out $47m in contingent commission payments through 30 September, including $29m to Marsh & McLennan.
XL feels hurricane hit in Q3 2004
The reinsurance division of XL Capital showed an underwriting loss for the third quarter of $78.3 million for the general operations which compares with a loss of $74.5 million in the 2003 third quarter. Net premium written decreased 24% to $511.4…
CII launches course directory
A new training directory has been launched by the Chartered Insurance Institute containing details of over 450 face-to-face training courses on offer next year.
Emerging market potential in the Asia region focuses on China and India
Asia: Emerging Markets
How has it come to this?
There have been occasions in the past where the working practices of the (re)insurance industry have...