Politics
Lloyd’s set to continue fight for CER relief post-Solvency II
Lloyd's has vowed to fight for tax relief on claims equalisation reserves to be retained beyond the implementation of Solvency II, after its premise was challenged in the Budget.
PwC: Bribery Act latest “good news”
PwC has stressed the final guidance on the Bribery Act, released today, and acceptance of the need for a “proportionate and risk-based approach” to the issue, is good news for financial services companies.
Post magazine – 31 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Mass “disappointed” with Jackson review implementation
The Motor Accident Solicitors Society has responded to the ministers statement on the government’s proposals for reform of Civil Litigation Funding and Costs in England & Wales.
ABI wants referral fee ban to be next on Government to do list
Today’s Government announcement on civil litigation reform will put the brake on runaway legal costs and mean a better deal for genuine claimants and insurance customers, according to the Association of British Insurers.
Reforms to civil litigation costs will block road to justice
Ken Clarke’s announcement today that the Government will press ahead with reforms to the civil litigation system has been met with disbelief and serious concerns.
Clarke outlines CFA plans
Justice secretary Ken Clarke has confirmed that the government will modify ‘no win, no fee’ arrangements with its implementation of the Jackson Review.
Clarke poised to unveil Jackson plans
Justice secretary Ken Clarke will address parliament tomorrow outlining the government’s plans for the implementation of the Jackson report, Post has learnt.
Post history - 50 years ago: payout rules over suicides reviewed
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
H&S cuts worry for insurers
Insurers have expressed concern at government plans to cut health & safety inspections.
Event insurance - market update: the show must go on
With the shift to music downloads, artists are looking to tour more to make money, generating demand but also new risks for contingency underwriters. Sam Barrett looks at the buoyant events insurance arena and finds a growth market, despite softened…
News analysis: alarming revelations for commercial cover
The recent Mactavish-Pricewaterhouse Coopers report that declared commercial insurance 'not fit for purpose' is a wake-up call to the market. Insurers, brokers, company boards, government and the buying community should all take note, says John Hurrell.
Career development & CSR: RSA Group helps fund climate change park
RSA Group has helped fund a climate change park in Dagenham as part of a public private partnership.
Post history - 10 years ago: TUC blasts ABI over asbestos
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Political focus - big society: what's the big idea?
The voluntary sector is one set for growth, as the government pushes its Big Society theme. Edward Murray looks at what impact this is having on insurance and how the sector is provided for.
No-fault forum shopping fears calmed by lawyers
Insurance lawyers have played down fears that proposals to introduce a no-fault system for clinical negligence claims in Scotland could result in forum shopping.
Budget 2011: Reduction in regulation costs welcome
Speaking on the £350m of proposed business regulation cuts, Ash Saluja from law firm CMS Cameron McKenna, said: “Any reduction in regulation costs is welcome, but financial firms’ understanding of cutting red tape is a long way from Treasury proposals…
Budget 2011: Government CER plans “unclear”
Accountancy advisers Mazars has claimed that government proposals to maintain tax relief on Claims Equalisation Reserves “leaves more questions open than it answers”.
Budget 2011: Budget offers “dual route for growth”
Responding to today’s Budget, Maggie Craig, acting director general of the Association of British Insurers, said that it offers a dual route for growth – boosting long-term investment and securing a competitive UK tax regime.
Budget 2011: "good budget for UK general insurance”
PWC has commenting on the news that tax relief has not been withdrawn for insurers’ equalisation reserves.
Budget 2011: Lord Young recommendations to be implemented in full
Announcing the 2011 Budget, UK Chancellor George Osborne said the recommendations in Lord Young’s report on health and safety would be implemented in full.
Margaret Cole set to oversee top regulatory conduct role
Margaret Cole, currently the director of enforcement at the Financial Services Authority, is set to temporarily become head of the Financial Conduct Authority – one of two new regulatory bodies to be formed in April.
SME businesses to access short term government credit insurance
An increasing number of SME businesses are now eligible to apply for short term credit insurance from ECGD, the UK export credit agency.
FSA funding requirement rises 10% for 2011/12
The Financial Services Authority has set out its business plan detailing its priorities for 2011/12, which reveal a 10.1% increase in funding from £454.7m to £500.5m.