Regulation
GE likely to float Employers Re, says WSJ
General Electric (GE) is likely to turn its property and casualty reinsurer Employers Re Corporation ...
Ace finds its limitations in disability insurance case.
Surendranath Seechurn v Ace Insurance SA-NV (Court of Appeal - 6 February 2002).
Solvency 2 report closes.
The results of an 11-month study by KPMG, which is expected to form the basis of the European Commis...
Survival rates.
If the Financial Services Authority was to impose a fixed-fee system in general insurance, this could cause problems for brokers. A shift in culture, greater efficiency and diversity are perhaps the best ways to capitalise on their existing assets and…
Wellington shows £66.7m loss for 2001
Wellington Underwriting has recorded a pre-tax loss on ordinary activities of £66.7m including a £73....
CILA raises questions over regulation.
The Chartered Institute of Loss Adjusters met with the Treasury this week, as the government gears u...
Appointment at RJ Temple.
National independent financial adviser RJ Temple has appointed John Johnson from HSBC as national sa...
It doesn't add up.
In my last letter (PM, 28 February, p14), an alteration was made that completely changed the gist of...
Are insurers prepared for asbestos challenge?
I have had several comments from insurers following my statement that the Association of British Ins...
KPMG launches software package.
Professional services provider KPMG has launched a software package enabling insurers to calculate t...
Gaps in cover must be filled.
Major businesses could fail and many thousands of jobs be lost in the UK if the gaps in insurance co...
Draconian slur is far too broad.
I read with interest the letter Reluctance to provide training, (PM, 14 February, p10). I feel the w...
Loss-making Gerling Global Re replaces chairman
Norbert Strohschen has been replaced as chairman of Gerling Global Re by Björn Jansli, as part of a r...
US extends terrorism cover for airlines
The US government has, as expected, extended the temporary third-party war and terrorism risk cover t...
Independent creditors home in on targets
Creditors of Independent Insurance are proposing to sue KPMG, Watson Wyatt, the FSA and Independent d...
Reinsurers warned of stricter regulation
(Re)insurers face more stringent regulation and demands for more reserves, according to Dennis Mahone...
Steven Bensinger is CFO of Combined Specialty
Broker Aon has appointed Steven Bensinger the chief financial officer of Combined Specialty, the comp...
Solicitors' Indemnity Fund to close Bristol office.
The Solicitors' Indemnity Fund will close its Bristol office at the end of August, as it looks to sc...
Treasury warms to Pool Re extension.
Changes to the definition of terrorism - extending the coverage of Pool Re - moved a step closer this...
FSA paper raises actuary issue.
A Financial Services Authority issues paper published this week, which considers the need for insure...
Lloyd's reforms depend on European approval.
Lloyd's will have to clear any reforms of its anomalous three-year accounting system with Brussels, ...
Commission: is there a better way?
The Bain Report recommends professional advisers should be paid by fee only. There is nothing wrong ...
Further hint towards Eureko denial.
The new Polish government has dropped its strongest hint yet that it will not allow Pan-European ins...
Scor drops into large loss in 2001
The French reinsurer Scor made a Euro 278m loss in 2001 compared with a Euro 59m profit the year befo...