Regulation
Folgate to regulate members under FSA scheme.
Broking giant the Folgate Partnership is to offer to regulate members under the Financial Services Au...
Network approach attracts 'middlemen'.
The Financial Services Authority's plan to allow broker networks to regulate scores of independent b...
View from the Top.
Interesting times lie ahead. Motor premiums are not rising to keep pace with claims inflation, while...
Court approves sales of Gerling reinsurance operations
The Gerling group said that it would finally sell its reinsurance operations to a company controlled ...
Caught in a suntrap?
As British holidaymakers head for warmer climes, the sale of insurance by travel agents is the hottest topic across the industry. The Treasury has decided against regulation of cover when it is sold as part of a package holiday, so consumers may still…
Networks set to take on FSA role
A significant number of independent brokers could be regulated by broker networks, and not directly...
Treasury lambasted over travel cover sale decision
Insurers and brokers have reacted with anger and dismay to the Treasury announcement that travel in...
An upset Europe
It is not only the UK insurance market that is less than healthy, the lack of choice throughout Europe is causing concern for major businesses. Lee Coppack says the shrinking environment for commercial risk is causing one or two headaches for risk…
Think-tank head calls for government move.
Guy Palmer, director of left-leaning think-tank the New Policy Institute, said he saw little hope of...
Law Society sees PI soar
The Law Society, the regulatory body for solicitors in England and Wales, has had to accept a signi...
BN looks ahead to next year
The Broker Network claimed this week it was on target for "bankable profits" of over £500,000 next ...
Added buoyancy for brokers?
As brokers become submerged in the process of regulation - like independent financial advisers before them - they, too, are being offered support in the form of networks. Richard Adams examines the lessons learned from the IFA experience and asks whether…
Survival in changing times
The rise of corporate business risk management has created new challenges for the insurance profession, but Richard Moor says insurers and brokers need to work hard to win over risk managers.
View from the Top - Andrew Torrance, general manager, Allianz Cornhill
Last week saw the publication of the Department of Work and Pensions and Office of Fair Trading rep...
TAG's end is a boost for the future of the ATE sector.
I am writing in response to your editorial comment (A return to state-funded legal aid?, Post Magazi...
Calculated risks
While property deals have accounted for a high percentage of solicitors' professional indemnity claims, commercial contracts are also proving increasingly costly. Veronica Cowan sums up the current state of the sector.
Liberals hit out on liability
The Liberal Democrat Shadow Secretary of State for Trade and Industry Dr Vincent Cable and small bu...
Equitas strengthens asbestos reserves
Asbestos claims continue to cause problems for Lloyd's reinsurer Equitas and it has added a further £...
Commentary - Zeta case proves law inadequacy.
During the past 12 months, the legal action that has attracted the most headlines and filled the mos...
Certainty returned over insurers' right to avoid.
A legal ruling last month confirmed the duty of the insured to disclose material facts, once more recognising the commercial imperatives that lie behind English law. This is a welcome judgement for insurers, argue Edward Mann and George Mortimer.
Appointment at Advent.
Advent Underwriting has appointed Philip Archer-Lock as group actuary. Mr Archer-Lock joins Advent f...
ri3k sells subsidiary.
Reinsurance trading platform ri3k has sold its subsidiary, the Run Off Centre, to legal and actuaria...
OFT seeks FSA liability rules
The Office of Fair Trading has asked the Financial Services Authority to consider including a minim...
Quick off the mark.
Changes in food industry legislation have tightened standards regarding the recall of contaminated foodstuffs. However, a fast and efficient recall campaign can actually enhance a manufacturer's reputation, and insurance can keep the process on track,…