Regulation
Pru admits US merger defeat.
Prudential last week conceded defeat in the merger battle with AIG for American General, when it acc...
Ecclesiastical clarifys contracts.
Gloucester-based Ecclesiastical Insurance has created a new terms of business agreement for all its ...
Hymans partners Milliman Global.
Actuarial consultants Hymans Robertson today announced a strategic partnership with Milliman Global,...
Open for business?
The Indian market is opening up to foreign interests and now is a good time for insurers to dip their toes in the market, ideally allied with an Indian partner that knows the ropes, says Saibal Dasgupta in an update on her article last year (PM, 9…
MPs demand QBE enquiry.
Members of Parliament will continue to demand an enquiry into the sale of Iron Trades Insurance to A...
Fortis solvent despite Selby claim.
Fortis this week described speculation that lawyers were reluctant to take on new work from the comp...
HIH collapse forces issue.
The Australian government announced this week it will fast-track changes to the 30-year-old insuranc...
Independent's negative outlook
Independent Insurance has been graded BBB and rated as having a negative outlook by ratings agency F...
Willis files float with SEC
Willis Group Holdings, the parent of the Willis Group, filed a registration statement with the Securi...
New home for US Re's international business
US Re has set up an international division in response to growth in its business in Europe, Asia and ...
Parliamentary Reception Postponed
Following the dissolution of Parliament, Post Magazine's Annual Parliamentary Reception, which was du...
AIG beats Prudential in US merger battle
Prudential confirmed today that it has agreed to accept a $600m (£420m) penalty payment from American...
Inter-Alliance to snap up axed staff.
Independent financial adviser group Inter-Alliance is aiming to double its size by opening its doors...
New industry scheme for asbestosis victims
The Treasury claims the uncertainty of asbestosis sufferers and their families, whose expectation of ...
Appointment at Norwich Union.
Norwich Union Healthcare has made two board appointments. The new director of finance is Mark Hews, ...
Irish charm.
Ireland is seeing a surge of interest in insurance and the market is doing very well, and with other pull factors - both financial and social, it is an attractive place to work. However Simon Threadgold believes there is a danger of it becoming a victim…
Insurers must ensure reserves.
A senior tax consultant has warned insurers to ensure they have the correct reserves in place under ...
Ruling the waves?
Marine insurers rely heavily on the regulations that govern the shipping community, promoting safety and protecting the environment. With these rules looking set to tighten, it's all hands on deck as those involved await the impact. Eric Alexander…
Keeping a lid on rising legal fees.
The National Audit Office report of last week shows a dramatic rise in damages and costs payouts in ...
No single system.
The Financial Services Ombudsman Walter Merricks debunked the myth that the arrival of the Financial...
Brokers slow to sign up to GISC.
Chris Woodburn, chief executive of the General Insurance Standards Council, conceded that intermedia...
Carroll steps down.
International Underwriting Association chairman Tim Carroll has announced he is to step down as and ...
Pru faces US over Holocaust policies.
UK insurer Prudential has not received any notification that it could face US sanctions for allegedl...
Asbestosis victims to get 90% of their compensation awards
Asbestos campaigners in Scotland have welcomed the governement's announcement that victims and their ...