Regulation
Ace approved to underwrite in Euro acession states
Insurer Ace has become one of the first London market insurers to receive regulatory approval to underwrite business on a 'freedom of services' basis in the 10 new European accession states.
CEA announces Martinière as new president
Former Axa chief financial officer Gérard de La Martinière has been made president of the Comite Europeen des Asssurances at the organisation's general assembly in Prague.
AM Best says European reinsurers’ ratings are stable
Europe's reinsurers have seen their financial strength stabilise after a two year period of downward pressure, according to a report from AM Best. Strong accident year results were maintained through the 1st quarter of 2004 and are expected to persist…
Penny Black's insurance week
Penny was feeling most cosmopolitan last week when the great and good of Europe's insurance press ca...
A taxing question
Claims: Tax Relief
Common market
Journalists from across Europe gathered in London last week to celebrate the Presse Internationale d...
Troubled indemnity
PI: Auditors' Liability
Ace plans to expand into Eastern Europe
Insurer Ace Europe plans to expand into Eastern Europe, with selected 'accession states' and the Rus...
ABI calls for EU breathing space
A change in the dynamic of the European Commission following last week's elections could have an adv...
Nacho set to take debt 'scandal' to parliament
The National Association of Credit Hire Operators has stepped up its battle against insurance compan...
Industry seeks own FSA solution
Insurers and brokers are expected to help risk managers circumvent Financial Services Authority regu...
Appointment at Omni Whittington
Scheme-of-arrangement management firm Omni Whittington has appointed Harry Whitcher as compliance an...
The FSA denies rumours
The Financial Services Authority this week denied rumours that veterinary practices were set to be e...
Appointment at Motaquote
Wales-based broker Motaquote has appointed Ian Brown as group compliance manager, ahead of Financial...
IUA keeps eye on regulatory creep
Marie-Louise Rossi, chief executive of the International Underwriting Association, commended regulat...
PIA celebrates half a century
The 51st annual congress of the Presse Internationale des Assurances took place in London last week,...
Profit related pay scheme failed to take off
Price Waterhouse (a firm) v University of Keele (Court of Appeal - 5 April 2004)
Run-off vendors are becoming 'increasingly sophisticated'
Vendors of insurance companies in run-off are becoming increasingly sophisticated in the way in which they set about disposing of these businesses, according to run-off specialist Omni Whittington.
FSA’s menu on polarisation is too complex, says AIFA
The director general of the Association of Independent Financial Advisers, Paul Smee, said: “The FSA’s proposed version of the menu is overly complex and there is a danger that it will not be read by consumers. This in turn will not meet the regulator’s…
Cox moves to defend reserves strength
Cox Insurance Holdings has issued a robust statement rejecting recent press reports which cast doubt over its reserves and speculated on the real reasons for the termination of take over talks with insurer Highway.
S&P makes Mercantile announcement
Standard & Poor's (S&P) has affirmed its ‘AA’ (very strong) counterparty credit and financial strength ratings on Old Republic Mercantile Insurance (Mercantile) and subsequently withdrew the ratings at the company’s request.
DTI: managers worry about tribunal stress
More than three-quarters of financial services employers worry about the financial implications of b...
Know your rights: This month - Information and Consultation
The Department of Trade and Industry has published draft regulations for implementing the Information and Consultation Directive. Saba Mozakka explains its new rights for employees
Personal injury firm Invaro goes into liquidation
Personal injury specialist Invaro, headed up by chairman Terry Lindon, has gone into liquidation.In a statement the company's board confirmed that it has "instructed Smith & Williamson to assist with the necessary formalities to place the company into…