Regulation
Back to basics
Faced with the crippling losses of 2001 and dwindling investment returns, reinsurers in 2002 were forced to refocus on their underwriting. Janina Clark looks back over the year and analyses Reinsurance's exclusive reinsurer rankings.
Conflicting calculations
Many European (re)insurers are less than happy with proposed new accounting standards. As John Sanders discovers, they fear the proposals will result in greater volatility and a missed opportunity to create a global reporting regime.
A new tool.
There is a new tool in the tool kit for restructuring (re)insurers in the UK; insurance business transfers. Richard White undoes the nuts and bolts.
Ringing the changes
The franchise concept will mean a revolution at Lloyd's, as great perhaps as the introduction of corporate capital in the 1990s. Robert CB Miller assesses its chances of success.
In this month's Reinsurance
The first rankings of the world's top reinsurers based on 2002 results. Exclusive listings and a...
DAS detaches itself from CSA
Insurer DAS has distanced itself from the newly created Claims Standards Association. The CSA, ...
Accounting for the IASB's proposals.
Consultation on cross-border accounting practices may have only just begun, but Nigel Masters and Gordon Ireland urge insurers to push ahead with implementation.
View from the Top.
Not surprisingly, consolidation is a hot topic in the UK insurance industry. I imagine there were...
Draft standard for insurance contracts given airing.
The International Accounting Standards Board released a draft of a new standard for insurance contra...
ABI moves to stop intrusive questions
Inappropriate, intrusive questioning for term insurance applicants perceived to be at higher risk o...
What the papers said this week.
FINANCIAL TIMES The FSA is set to make the first use of new powers to ask police to arrest suspec...
Eureko sees income slide.
Pan-European insurer Eureko made a net loss of £27.2m in the first half of 2003, compared with a £17...
Brandt becomes GE Frankona Re chief executive
Kenneth Brandt has taken over as chief executive of GE Frankona Re. He replaces Karl Mayr, who has le...
Lloyd's set to lead Yemeni ship cover.
Lloyd's has agreed to lead cover that will provide up to £95m of coverage for hull and machinery los...
Standard Life CD-Rom to increase sales.
Standard Life Healthcare is seeking to substantially increase the proportion of its 5000-strong inte...
Legislation hits marine pricing.
European Union and US-led regulatory changes in the international marine market could make risk pric...
EU directive looks set to increase total recall.
Brokers could soon be facing massive demand for recall insurance cover as a result of a major new Eu...
New PI code ready by the autumn
Newly-established trade body The Personal Injury Claims Federation expects to implement a new regime ...
Out of the blue.
Suddenly, the Conservatives seem to have become a credible force with the potential to dislodge Labour at the next election. Tim Osborne assesses what impact a victory might have on the PMI market.
Cracking the cash plan problem.
Providers may regard cash plans as a simple 'nest egg' to help with everyday healthcare costs, however, the Financial Services Authority will regulate them as general insurance contracts. Lynn Rouse wonders if this decision could leave the regulator with…
No cover for FSA fines.
Regulated firms and individuals will not be able to use insurance to pay Financial Services Authorit...
FSA publishes fees proposals.
The Financial Services Authority has published its latest proposals on fees for insurers acting as i...
Appointment at Affiliated FM.
Chris Benstead has joined commercial property insurer Affiliated FM as production underwriter. He wi...
Generali falls foul of wording.
Assicurazioni Generali SPA v CGU International Insurance & Others (2003) (Queen's Bench Division - 2 May 2003).