Regulation
Order, order
Legal Report
McIntosh succeeds Beveridge at JHC
Peter McIntosh, hull underwriter for Wellington Syndicate 2020 at Lloyd's, has been elected chairman of the Joint Hull Committee in London. He succeeds William Beveridge, who has recently resigned the post. Mr Beveridge will remain an active member of…
Plexus Law achieves management standard
Plexus Law, and its sister practice Badhams Law, have both been awarded Lexcel, the Law Society’s practice management standard.
Second annual increase for Sovereign’s creditors
Sovereign Marine and General Insurance Company has announced a second successive annual percentage payment increase, from 35% to 40%, to all creditors.
FSA issues "hard" capital adequacy statement in wake of RSA comments
The Financial Services Authority has today published a statement following comments made by Royal & Sun Alliance in its interim results published yesterday morning, confirming it will introduce what it calls a hard capital adequacy test.
A M Best raises Lloyd's rating
A.M. Best has upgraded the financial strength rating of Lloyd's to A (Excellent) from A- (Excellent). At the same time, A.M. Best has assigned an issuer credit rating of "a" to Lloyd's. The outlook is stable.
RSA: liabilities - the latest position
Royal & Sun Alliance provided an update on its business transformation plan — and its outstanding liabilities — as part of its interim results. The group claimed it had made significant progress this year in restructuring operations through disposal,…
Taming blame claims
Financial Misselling
Pets be having you
Pet Insurance
Panel divided over compensation
CILA Forum
UK behind Europe in risk stakes
Insurers are facing a challenge to adapt to the growing trend of risk managers who purchase alternat...
Airmic continues its regulation fight
The Association of Insurance and Risk Managers has said that 80% of its members will still be able t...
Pru aims to shake up "stagnant" PMI market
UK insurance giant Prudential has confirmed that it will launch into the private medical market in t...
Greenaway motor report needs to be driven home
After initially being scuppered by weapons of mass destruction, or rather the media frenzy surroundi...
Industry must mind the information gap
In its annual review, the Financial Ombudsman Service suggests that among the industry's customer ba...
Invaro inquiry nears end
Companies owed money by failed personal injury specialist Invaro are expected to learn the likelihoo...
IT Managers criticise FSA for setting unrealistic reporting deadlines
IT managers have criticised the Financial Services Authority for setting ‘unrealistic deadlines’ and ‘not understanding the complexity of the compliance task’ laid out in the FSA’s Policy Statement 04/9.
XL appoints reinsurance chief
XL Capital today announced the appointment of Susan Cross as chief actuarial officer for non-life reinsurance.
Airmic suffers Treasury blow
The Association of Insurance and Risk Managers has lost its battle to receive Treasury exemption from FSA Regulation.
Know your rights: This month - Working Time
The UK's endemic long-hours culture persists, despite the existence of the Working Time Regulations 1998. Saba Mozakka recaps what the law actually says about time spent at work
Fate of Euclidian left hanging in the air
The fate of Lloyd's insurer Euclidian has been left hanging in the air until September, after plans ...
Appointment at Coversure
Allan Gambles has become the new compliance manager at Huntingdon-based Coversure Insurance Services...
Regulation - super-bug or super-drug?
Regulation and compliance has shaken off its matronly image and become the hop topic of the London i...
Not all GI blues
Minded to authorise