Regulation
MP attacks ABI.
Barry Gardiner MP has heavily criticised the Association of British Insurers for failing to publicly ...
State of play.
Insurer stability is upmost in brokers' minds - especially as Lloyd's opens its door to all-comers. Kevin Willis explains the rationale behind Standard & Poor's new Lloyd's Syndicate Performance Measures.
Lifespan.
As Italy crosses the economic bridge to greater stability and inflation rates fall, alternative long-term savings products - including life insurance and pensions - are beginning to take off. The challenge is now to ensure the market reaches its full…
Facing up to the worst year.
This year will go down as one of the worst the UK insurance industry has ever experienced. We may be ...
Cherry picking means realistic underwriting.
The letter Independent cherry picking is doing further damage (see below), reveals the naivety of som...
Equitas may still go under.
Equitas, the company established to reinsure and run-off the pre-1993 liabilities of Lloyd's Names, ...
Legal firms agree policyholders' deal.
Law firms Davies Arnold Cooper, Berrymans Lace Mawer and Davies Lavery have concluded a deal with In...
Indie policyholders get new website
The Policyholders Protection Board today announced it has set up a temporary website in response to w...
Equitas fears confirmed
Concerns over the level of asbestos claims at Equitas, the company set up by Lloyd's to reinsure and ...
Government shakes up employment tribunals
New proposals to radically reform employment tribunals were announced today by Employment Relations M...
Equitas adds £1.7bn ($2.4bn) to asbestos reserves
Equitas, which Lloyd's set up to reinsure and run off its syndicates' liabilities for 1992 and earlie...
Response to whistle-blowing.
The Financial Services Authority has issued a consultation paper on whistle-blowing in support of Pos...
Salute to quality
Excellence survives and thrives in the insurance industry despite the recent tough times. That was the theme of the welcoming address to the packed audience in the Royal Albert Hall from David Worsfold, editor-in-chief of Post Magazine.
Premium finance legal action joins Independent fiasco.
The spectre of a legal action between premium financing companies and Independent policyholders move...
PPB begins Independent payouts.
The Policyholders Protection Board has begun paying claims to Independent Insurance policyholders in...
FSA rejects French accusations.
Sir Howard Davies, chairman of the Financial Services Authority, last week rejected accusations it i...
FSA acts to change insurance regulation
The Financial Services Authority has ruled out an internal inquiry over its role in the Independent c...
Fairness drive must hasten.
There is a clear need for the fairness of the insolvency regime to be addressed, as Post Magazine sai...
Stopping the too-good-to-be-true blight.
A justifiably aggrieved Equitable Life policyholder asked: "Why should I trust them now?", following...
Small firms denied cover.
Small companies hit by the collapse of Independent Insurance would have been eligible to claim for bo...
MEP calls for EU inquiry into insurance regulation
Euro MPs are demanding a European Commission investigation into UK insurance regulation in the wake o...
Ensign to buy syndicate 318 from QBE
Lloyd's insurer Ensign Holdings Limited has agreed in principle to acquire the right to manage Lloyd'...
Moody's downgrades Cotesworth syndicate 535
Rating agency Moody's Investor Service has downgraded the performance rating of Lloyd's syndicate 535...
Irish insurers face massive hospital bills
Hospitals in Ireland will be able to recover the full costs of treating road accident victims from in...