Regulation
Egg to cut staff in Dudley
Prudential subsidiary Egg is making 10% of its Dudley call centre staff redundant and relocating a ...
Countdown to new standards
New international accounting standards will affect all aspects of (re)insurers' business. Yet Rusty Nelligan and Craig Morton see valuable opportunities for reinsurers as insurers seek better ways to manage and report exposures.
EC seeks comment on study of reinsurance supervision
The European Commission (EC) has taken a further step towards harmonising reinsurance supervision i...
Hartford writes traditional reinsurance
The Hartford group wrote $618m of traditional reinsurance in 2002 compared with $736m in 2001. Writ...
Globaltime's future to be decided after world vote
The future of the proposed Globaltime mutual aviation (re)insurer could be settled at last by the m...
Rediary
MARCH 2003 3-4 10th Annual Alternative Risk Transfer Conference Zurich, Switzerland IIR +...
Gerling sale awaits regulator approval
A crucial decision by the German regulator on whether to approve the sale of Gerling's reinsurance ...
Cells cause concern
(Re)insurers are doing increasing amounts of business with protected cell companies, but legally the companies may not be completely secure, warns Ambereen Salamat.
Converium sees more rate rises after strong renewals
The hard reinsurance market is set to continue as companies carry on correcting for past undercharg...
The power to perform?
The advent of new FSA regulation is set to have a strong impact on the insurance sector, however, many believe they do not have enough power to raise service standards and keep them there. Rachel Gordon investigates industry feeling on the proposed…
Liverpool set to look ship-shape again
Once a shipping and insurance giant, Liverpool has suffered in recent years as financial institutio...
Claims sector in the spotlight
The last week has seen several major developments for the claims sector of the insurance industry. ...
Government eyes Scottish lead on flood payments
The Office of the Deputy Prime Minister this week told Post Magazine it will be taking "an active int...
Proposal forms changed
One of the insurers at the top of an insurance chain, which is subject to a police investigation af...
All Party Group to lobby on EL
The All Party Parliamentary Group on Insurance and Financial Services this week agreed to lobby the g...
Appointment at ISS Ark & General
Disaster recovery firm ISS Ark & General has recruited Wayne Stock as a new project supervisor in t...
UK insurers to come under spotlight
UK insurers that have written direct US business are set to come under the spotlight, according to ...
Higgs gets industry in a spin
Speculation over how the Higgs Report will impact on directors' and officers' cover continues, but Adam Codrington argues that there are more powerful forces in the market.
Claims management trade body launched
A new cross-industry trade body for the claims management sector, the Personal Injury Association, ...
Costs negotiators vetoed
One of the central means of settling personal injury cases has been kicked into touch by the judici...
Zurich's Centre moves into loss
The Bermudian specialty (re)insurer Centre made an operating loss of $130m in 2002 following an opera...
Swiss Re hit by investment market slump
Downturns in investment markets have led Swiss Re to forecast a loss of SFr 100m ($74m) in 2002. In 2...
Regulator blocks Gerling's sale of reinsurance business
German's financial regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) is believed to h...
FSA plans broker risk assessment strategy
The Financial Services Authority has started to provisionally plan how it will carry out the risk a...