Regulation
Zurich to outsource IT staff to IBM
Zurich Financial Services is transferring 164 IT staff to IBM as part of a global outsourcing deal a...
Signs of life in the market?
Review of the Year: Life
Insurers face solvency issue
UK insurers will continue to increase profitability into 2004 despite the slowing of rate increases,...
Simon Morris says insurers should keep FSA fully informed
Simon Morris, partner, CMS Cameron Mckenna, said insurers must keep the Financial Services Authority...
The science of compliance
Complacency is rife within the financial services industry as most companies are failing to prepare ...
Fitch affirms Axa ratings
Rating agency Fitch has affirmed the Axa group's major insurance entities' Insurer Financial Strength ratings at 'AA'. The Outlook on the group's ratings remains stable.
Prudential hires CEO for Asian office
Prudential's Asian subsidiary has announced the hiring of a new chief executive, with Mark Norbom set to join the firm from General Electric.
Government warranty reforms a 'missed opportunity'
The Government's decision to exclude extended warranties from statutory regulation is a missed opportunity to improve consumer protection, according to the Association of British Insurers.
Scott calls for sea-change in insurance industry attitudes
Dr Sandy Scott, director general of the Chartered Insurance Institute has laid out his vision for the future of training and competence in the insurance industry.
Fitch maintains negative outlook on reinsurance market
Concerns over reserve adequacy have led Fitch to maintain a negative outlook on the reinsurance market, the rating agency said today as part of its outlook for 2004.
Jackman steps down at Skills Council
The Sector Skills Council for Financial Services (in development) has announced that David Jackman is to become special advisor to the board, having acted as chief executive during the start-up phase.
Windsor reports growth in profits
Listed broker Windsor today reported a 21% increase in pretax profit to £4.04m for the 12 months ended 30 September. Brokerage and fees for the year under review increased by 4% to £18.04m.
Paddick calls for stricter wholesaling regime
Following the collapse of intermediary Tribune Risk & Insurance Services, Institute of Insurance Brokers director general Andrew Paddick said that the Financial Services Authority should seriously consider making the "wholesaling of insurance" subject to…
CII welcomes government training review
The CII has welcomed the Treasury and Inland Revenue discussion paper — Delivering an Incentive for Membership Bodies to Provide Work Force Development — which was announced in the chancellor's pre-budget statement this week.
Broker in liquidation after FSA discovers 40 000 bogus policies
PriceWaterhouse Coopers has been brought in as provisional liquidators for Edinburgh-based broker Tribune Risk and Insurance Services, after it was discovered thousands of household policies had been sold without insurance cover.
TUC slams UK recognition
The Trades Union Congress this week slammed UK union recognition law as "arbitrary, discriminatory, ...
Playing safe with schools
Legal Report
Airmic welcomes new standard
The Association of Insurance and Risk Managers has given its support to a new business continuity st...
Regime cost is the greatest unknown, claims broker chief
At last week's Post Magazine management briefing, 'Regulation: Countdown to Reality', brokers were given the low-down on how compliance will impact their business. Anthony Gould reports
Broker Smart and Cook appoint Angus Fraser
Broker Smart and Cook has appointed Angus Fraser as a new director at its Scottish office in Bellshi...
Agreeing on settlements
Legal Report
CII raises concerns among members as training regime changed
Recently I received a large white envelope from the Chartered Insurance Institute. Inside I found a ...
Appointment at Liberty Syndicates
Liberty Syndicates has appointed Mark Butterworth as chief operating officer. This new position will...
Broker Smart and Cook appoint Angus Fraser
Broker Smart and Cook has appointed Angus Fraser as a new director at its Scottish office in Bellshi...