Regulation
FSA declines to intervene on call-centre transparency
Broker Swinton has called on the Financial Services Authority to force insurers and brokers to revea...
View from HIH country: be grateful for the FSA
I am writing from Australia. As you may be aware, our local market went through a major shake-up (al...
Ace appoints Sean Ringsted
Ace has appointed Sean Ringsted as chief actuary for the Ace group of companies. Reporting directly ...
View from the Top - 'Secondaries' will get no second chance
Financial Services Authority regulation of general insurance might not be a subject for drinks-party...
California tells unlicensed NEN to stop trading
California insurance commissioner John Garamendi has issued a 'cease and desist' order to the Nation...
Poll reveals surveyors not adequately consulted over FSA regulation
A poll by law firm Reynolds Porter Chamberlain shows 96% of commercial property agencies believe they have not been properly consulted by the Government and the Financial Services Authority on the proposals for the regulation of general insurance.
Swinton predicts consumer backlash to offshoring moves
Research commissioned by broker Swinton, revealed that an astonishing 67% of those surveyed said that if they knew that an insurance provider's customer service centre was based offshore, they would not buy a policy from them.
Models used for ‘herd mentality’ pricing, says Michaelides
There is a danger of a herd mentality being applied to reinsurance pricing, with everyone relying on the same models and having no independent view of what the price should be ¬– according to Nicholas Michaelides, global director of reinsurance at the…
Ford confirms dealerships will be brokers as contract placed
Ford Credit has appointed Pinnacle Insurance as its 'Proficiency Solutions' insurance training programme for Ford dealer sales personnel, confirming plans to have its dealers regulated to sell general insurance directly with the Financial Services…
Guy Carpenter MD gets Ferguson prize
Global risk and reinsurance specialist Guy Carpenter has announced that managing director Gary G. Venter of the firm’s Instrat unit has been awarded the Casualty Actuarial Society’s Ronald Ferguson Reinsurance Prize.
ABI/CILA claims protocol launched
The Association of British Insurers/Chartered Institute of Loss Adjusters joint claims protocol has finally been launched, having been given its first public airing at last week's Post Magazine Claims Club meeting.
Young star quits Allianz
Mansion House Executive this week appointed former British Insurance Awards young achiever of the ye...
FSA announces registration update
The Financial Services Authority today reported that by the end of 31 May, it had received 17 586 registrations from the mortgage and general insurance sectors to obtain an application pack and 10 515 applications for authorisation.
FSA bans for CEO over non disclosure of reinsurance agreement
The Financial Services Authority has concluded that Christopher Headdon, the former appointed actuary and then chief executive of Equitable Life, is not fit and proper to hold a significant management role at a regulated firm and has banned him from…
Ringsted joins ACE
ACE has announced the appointment of Sean Ringsted as chief actuary for the ACE group of companies, effective immediately. The appointment is subject to approval from the Bermuda Department of Labour and Immigration.
'Dig and dump' becomes a drain
Guest Comment
Appointment at Wesleyan Assurance Society
Following David Rutter's early retirement, Wesleyan Assurance Society has restructured its finance a...
Letter of the law
Libel and Slander
Equal Opportunities head relents on gender data
The Equal Opportunities Commission has agreed that the insurance industry should be able to use data...
The ABI insists it will investigate
The Association of British Insurers has insisted it will investigate insurance companies that fail t...
Royal & Sun Alliance's Phil Bell appointed new chairman
Royal & Sun Alliance technical insurances manager Phil Bell has been appointed as the new chairman o...
View from the Top - Can your company prove competence?
Much has been written about the costs and bureaucracy associated with the impending regulatory regim...
FSA outlines 2005 charges
The Financial Services Authority has dropped its biggest hint to date as to how much it will charge ...
Healthsure attempts to reassure policyholders
Healthcare cash plan provider Healthsure has attempted to reassure policyholders that it will not te...