Regulation
Long-term rules.
The government's decision to bring the regulation of the fledgling long-term care insurance market u...
US calls on Lloyd's for full cover
The US has said that Lloyd's must deposit funds equivalent to 100% of its business in covering the Wo...
Aqera to cut admin costs in half.
Business and IT infrastructure provider Aqera this week claimed it can save life insurers 50% of the...
Landmark on liability.
Brokers could now be faced with much greater liability when placing reinsurance contracts. Andrew Symons and Richard Tosh explain the future repercussions of last week's landmark House of Lords ruling.
Appointment at RAC Motoring Services.
The RAC has made two senior appointments to its financial services division. David Nicholas joins as...
Brokers urged to call PWC bluff over Indie
Brokers were told to stand firm against requests from the provisional liquidator Pricewaterhouse Coo...
Chinese whispers?
China has recently begun to open its doors to European insurers, granting licences to a handful of the larger companies. While the outlook seems optimistic, all those involved are being cautious about long-term fortunes, says Jeremy Golden.
Class Law after funding for Equitable challenge.
Class Law, the law firm acting on behalf of the creditors of Independent Insurance Group, is seeking...
Prudential acquires YoungPoong.
UK insurer Prudential has acquired the multi-distribution based Korean life insurance YoungPoong Lif...
Brokers may be liable after Aneco.
Brokers could face millions of pounds in liability claims, after the House of Lords ruled in favour ...
Government criticised over LTC regulations.
Insurers and analysts have criticised the government for ignoring the critical illness and income pr...
Fraud questions.
Several people have been questioned by police over allegations of fraud at the London head office of...
Flight control.
This week, the government extended its scheme to help airlines meet the cost of insurance against war and terrorism in the wake of the US attacks. Dave Matcham explains insurers' role in keeping the airlines flying.
Names must stump up extra £786m.
Lloyd's Names have been asked for £786m ($1.1bn) to cover expected losses in the market and to boost...
Hart Re pulls back to US.
US (re)insurance group The Hartford has put its non-US reinsurance business - worth $150m of annual ...
Reinsurance passport' directive soon.
A draft directive to set up a 'reinsurance passport' to allow reinsurers to trade more freely around...
NAIC u-turn on Lloyd's funding
Lloyd's will have to find extra funds to lodge in its trust funds in the US following the surprise re...
Rebriefs - Swiss Re New Markets.
Swiss Re New Markets has launched forced outage insurance for North American power generators. The c...
Rebriefs - The Comite Europeen des Assurances.
The Comite Europeen des Assurances has received first responses to its questionnaire on terrorism co...
Rebriefs - Royal & SunAlliance.
Royal & SunAlliance (RSA) has temporarily suspended its inwards reinsurance underwriting while it re...
Attack losses 'disappear'.
Up to $6bn of the losses from the 11 September attacks could 'disappear' from (re)insurers' financia...
Caribbean seeks reinsurance cut.
The Insurance Association of the Caribbean (IAC) is to try once more to get its insurer members to r...
Expensive declarations.
Declaratory judgement actions can be costly, so who foots the bill? Peter Chaffetz and Steven Schwartz investigate.
Tradition fights changes.
As reinsurers reel from the US terrorist attacks, many will view Italy as a quiet, traditional backwater, but, explains John Sanders, that does not necessarily make it an easy country for reinsurers to do business in.