Regulation
Converium reports Q4 2003 results
Converium has reported a rather mixed set of results for 2003, although it still made a substantial profit.
IUA promotes compliance advice as key service
The International Underwriting Association is responding to the increasing complexity of regulatory environments surrounding international insurance and reinsurance business by introducing compliance advice to its members.
A matter of discipline
Grievance Procedures
Three quarters meet new CII framework standards
Around 77% of those candidates sitting the Chartered Insurance Institute's new qualifications framew...
Judge rules against insurers in Halliburton case
A Pittsburgh bankruptcy judge has ruled that insurance companies, led by Ace and Hartford, do not have standing to challenge or intervene in the judge’s decision regarding the bankruptcy cases of DII Industries and Kellog Brown & Root which are…
Treasury to implement Distance Marketing Directive
The Treasury has told PM that it will report back on how it intends to implement the Distance Market...
FSA will change claims role
Bryan Stewart, group compliance officer for Groupama Insurances, said that approved persons - and cl...
Commentary - An estimable judgement
The Court of Appeal has served a timely reminder on practitioners in Leigh v Michelin Tyres (2003) o...
FSA plays down visit claims
The Financial Services Authority has distanced itself from claims that it may carry out pre-authoris...
Gibraltar review set to tackle concerns
The head of the Financial Services Commission in Gibraltar has welcomed the latest independent revie...
Biba in offshore EL legality probe
The British Insurance Brokers' Association has voiced concerns about the growing number of new offsh...
EC moves to quash loss adjuster fears
Fears that UK loss adjusters will be stopped from operating in mainland Europe look to have been qua...
Healthier options
Rob Strange, chief executive of the Institute of Occupational Safety and Health, has called for insu...
Conservatives call for raise in motorway speed limit
The Conservatives have called for the speed limit on motorways to be raised to 80mph. Shadow transpo...
Flood rules to hit developers
Scottish planning authorities now have the right to refuse permission for developments on flood risk...
Single-event a limit too far
The introduction of single-event limits for war and terrorism cover since the attacks of 11 Septembe...
TAG test cases reach agreement
Insurers have agreed to a settlement as part of The Accident Group test cases over an issue that was...
Insurers may be hit by EC VAT plan
Personal injury and medical negligence insurers could be hit hard by an EU Directive that will add 1...
European insurers facing €100bn capital black hole
The European life sector is facing a €100bn capital shortfall, according to a new report from strategy consultants Mercer Oliver Wyman.
Nearly 100 people attend Heath Lambert conference
Heath Lambert warned property managers about impending FSA regulation, at a conference held at Lloyd’s last week.
Sides reach agreement in TAG test cases
The Claimants and the defendants in The Accident Group test cases have successfully mediated an agreement in relation to the compliance issues - the recoverability of solicitors' costs - surrounding the TAG panel solicitors' costs.
Review of Gibraltar's financial services launched
An independent review of the Financial Services Commission in Gibraltar was announced today by His Excellency the Governor Sir Francis Richards acting with the approval of the Foreign Secretary.
AM Best leaves Swiss Re ratings unchanged
AM Best has announced that Swiss Re’s financial strength rating of A+ (superior) remains unchanged following the company’s announcement that it is to buy CNA Financial’s life insurance book of business.
Watson Wyatt warns over terrorist exclusions
Many companies who have insured their employees' lives may find they are not covered should they be affected by a 9/11-style terrorist attack, according to research by Watson Wyatt.