Regulation
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...
FSA looks for new full-time head
The Financial Services Authority, which revealed last month that is was on the look out for a number ...
City must mend its ways.
Recent research by Cambridge University's Centre for Business Research suggests that London's position as the leading (re)insurance centre is far from secure. Pravin Jeyaraj reports.
Congress is clear.
In the second part of their review of the emergency Air Transportation Act, Peter Chaffetz and Fred Reinke find that arbitration cannot easily be sidestepped.
Terror pools under debate.
The UK government said it expected to outline changes to its terrorism reinsurer Pool Re by early Ma...
Scandinavian Re likely to be sold.
Scandinavian Re could be sold by ultimate parent ABB of Switzerland because of new accounting requir...
Battle for business hots up.
Border clashes and terrorism are as much a concern for Indian reinsurers and regulators as the hardening market, but there are opportunities in both the life and the non-life markets, says Saibal Dasgupta.
Compensation payouts accelerating, PPB report shows
The Policyholder's Protection Board's final report and accounts show the now defunct body paid out £...
US regulators issue terrorism warning
US state insurance regulators have warned the US House of Representatives that the failure to set up ...
FSA repeats call that better does not mean more regulation
Smarter insurance regulation does not have to mean more insurance regulation, John Tiner, FSA head of...
Claims suffer in dumbing down.
A combination of dumbing down by insurers and a shortage of resources in claims departments are key ...
Commentary - In protection of payments.
An increasing number of construction disputes are being referred for adjudication and a consequentia...
Greater unity should be the common goal.
I was impressed by Paul Spencer's view from the top (PM, 14 February, p11). He argues for greater un...
Practical justice for yachting case - Virginia Goode v Hugh Martin.
(Court of Appeal - 13 December 2001) The claimant sustained a near fatal head injury while sailing...