Regulation
Compliance system extended to secondary intermediaries
The Corporate Risk & Compliance team at Navigant Consulting has extended its proprietary risk-based methodology FRAMe to cater for secondary intermediaries.
Motor retailers unprepared for FSA regulation, according to RMI
With only eight weeks left until the registration deadline, motor retailers are still unready for new insurance rules coming into force next year, according to the Retail Motor Industry Federation (RMI).
Moody’s withdraws Trenwick America Re rating
Moody's Investors Service has withdrawn its rating on Trenwick America Reinsurance which has been in runoff since June 2003.
Heath Lambert to provide travel insurance for cystic fibrosis sufferers
Broker Heath Lambert today announced that its affinity partnerships team has developed a travel insurance product for Cystic Fibrosis sufferers.
Aon boss joins search firm
Specialist insurance and reinsurance executive search firm EJS has hired Brian Stewart-Brown, former...
FSA to consult on co-mingling of client money
Sarah Wilson, director high street firms division, Financial Services Authority today confirmed that it is set to consult on the issue of co-mingling of cient and insurer money as exclusively revealed by PM last month (PM, 15 April, p1).
FSA raps Universal over Direct Line disclosure
The Financial Services Authority has fined Universal Salvage £90 000 for breaching the Listing Rules and failing to disclose the loss of its Direct Line contract on the day it received the notice of the termnination of the deal. At the time of the loss…
Broker M&A activity will not reach predicted levels
A year after declaring the UK broker market would have lost 1000 firms ahead of the Financial Servic...
ABI: lack of cross-border business will continue
The Association of British Insurers has said it expects the lack of cross-border business to continu...
FSA is braced for '2005' legal battle
The Financial Services Authority has received fierce criticism after it said it was bracing itself f...
David Russell joinsLloyd's as head of compliance
David Russell has joined Lloyd's as head of compliance. Mr Russell will be responsible for the corpo...
Honorary rebrand
The awarding of honorary fellowships by the Chartered Insurance Institute is, in my view, further ev...
Euro vision
Portugal
Hanks and Briscoe to rejoin industry
Two senior executives who made sudden departures from well-known firms in recent months have been li...
FSA is braced for '2005' legal battle
The Financial Services Authority has received fierce criticism after it said it was bracing itself f...
CII honorary fellowships just distract from the real issue of training
I have followed with interest the debate in Post Magazine regarding the awarding of honorary fellows...
Companies will soon reap the benefits of training investments
I read with interest the 'view from the top' from HBOS General Insurance chief executive Howard Posn...
Property giant opens new Manchester base
Commercial property insurer Affiliated FM is planning to write £10m in new business within the first...
Appointment at Mayer, Brown, Rowe & Maw
Mayer, Brown, Rowe & Maw has made Richard Gregorian and Andrew Legg partners. Mr Gregorian, who spec...
FSA confusion worries insurance buyers
While brokers now seem more optimistic about the onset of regulation, the risk management and insura...
Bright future for positive brokers
This week, hundreds of people will descend on Glasgow for the British Insurance Brokers' Association...
Hanks and Briscoe to rejoin industry
Two senior executives who made sudden departures from well-known firms in recent months have been li...
RICS campaign against ill-advised extension of FSA powers
The Royal Institute for Chartered Surveyors has launched a campaign against the new regulations from the Financial Services Authority, which police businesses with even the most incidental dealings with insurance services, and is encouraging members to…
Moody’s puts Odyssey Re on review
Moody's Investors Service has announced that it has placed the Baa1 (adequate) insurance financial strength ratings of Odyssey America Reinsurance Corporation and Clearwater Insurance Company (previously named Odyssey Reinsurance Corporation),…