Regulation
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 ...
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…