Regulation
Storing up trouble.
The launch of ever-larger container ships with less resistance to rolling, combined with incorrect stowage of loads, is a huge threat for marine underwriters, says Patricia Vowinkel.
Under pressure.
The marine market may have hardened but underwriters still have much to do to ensure they make a profit. Eric Alexander examines the dynamics of a difficult market.
Reinsurers fight EC solvency proposal
The European Commission (EC) is expected to consider on 2 July a draft reinsurance directive that c...
Asbestos reserve doubt
The Lloyd's market's run-off reinsurer Equitas could be reserving too little for US asbestos liabil...
EP call for Lloyd's regulation inquiry
A European Parliament (EP) committee has called for a full inquiry into the UK government's past re...
Allegations are important
Even accusations that later prove to be unfounded can be material facts, a judge recently found in ...
Australia approves terror pool scheme
Australian insurers will have to include terrorism cover in all commercial property insurance follo...
Strengthening supervision
Pressure is mounting for uniform regulation of reinsurers around the world. The first concrete steps are expected later this year and, as John Sanders reports, could be a benefit rather than a burden to most reinsurers, especially those in the London…
ERC fate still uncertain
General Electric (GE) has so far failed to settle the fate of its GE Employers Re Corp. (ERC) subsi...
Rebriefs - JHC reviews International Hull Clauses.
London's Joint Hull Committee (JHC) is reviewing the International Hull Clauses it introduced last N...
Treasury proposal for retro regulation by the FOS is unfair to
The Treasury is considering giving the Financial Ombudsman Service the power to deal with complaints...
Total Broker may regulate 2000.
The Mike Williams-headed broker network Total Broker Solutions could eventually regulate over 2000 b...
EU revision relief
Industry trade associations across Europe have welcomed the EU Council of Ministers' decision to re...
Penny Black's insurance week.
Penny was lucky enough to be wined and dined by the Financial Services Authority this week, and disc...
Good brokers to pay for bad
The Institute of Insurance Brokers has warned that brokers that have their accounts in order could ...
Equitas warns on asbestos.
Lloyd's reinsurer Equitas has warned that scores of Fortune 500 companies, some of which only have a...
Captive limits warning.
Corporations struggling to cope with soaring liability premiums in the conventional market must not a...
Appointment at Aon.
Aon has made two senior appointments to its risk consulting division. Steve Barnett and Hans-Kristia...
Appointment at UnumProvident.
Dr David Cook has been appointed company medical officer at UnumProvident, where he will focus on cu...
Appointment at Mayer, Brown, Rowe & Maw.
Ian McKennal has joined Mayer, Brown, Rowe & Maw as a reinsurance partner. Previously, Mr McKennal w...
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 ...