Regulation
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...
Taking the slow road to redress
The Better Regulation Task Force report, Better Routes to Redress, was broadly welcomed by a wide ra...
Trade bodies pre-empt FSA with new guidelines
Insurance and broking trade associations have clubbed together to pre-empt Financial Services Author...
Surveyors warned over FSA Regulation
Surveyors providing and advising on insurance cannot risk waiting for a Government u-turn on regulation by the Financial Services Authority, according to commercial law firm Reynolds Porter Chamberlain.
RFIB founder makes way for Willis Marine boss
Lloyd’s broker RFIB Group has appointed Stephen Hirst as director of RFIB Marine.
NAIC claims AM Best study approves state insurance regulation
The National Association of Insurance Commissioners’ (NAIC) is claiming that a recently published study by rating agency AM Best, entitled Best’s Insolvency Study: Property/Casualty U.S. Insurers, 1969-2002, provides further evidence that the national…
The turnaround man
Charting the successes of GE ERC - how has chairman, president and chief executive Ron Pressman changed the fortunes of the international (re)insurance company?
Current forecasts
The recent volatility in FX markets shows how important FX currency forecasting is - but who is offering the most accurate information?
Breaking the glass ceiling?
In light of recent court rulings, how has the definition of 'physical damage' to property changed for insurance policies?
Appointment at Ecclesiastical Insurance Group
Peter Clark has been appointed to the boards of Ecclesiastical Insurance Group, Ecclesiastical Insur...
Full of Middle Eastern promise
Asia/Pacific/Middle East
Europe - EU reinsurance directive published
A draft reinsurance directive has been published ahead of schedule by the European Union (EU) and it...