Financial Services Authority (FSA)
View from the top: Kick start from Solvency II
For an increasing number of people in the UK general insurance industry, Solvency II is already a significant issue.
Broker status: Broker LLP - a beneficial partnership?
Lockton is set to become the biggest intermediary yet to become an LLP broker. Edward Murray looks at the benefits of such a transformation.
Regulation - Life after the FSA: New beginnings
With the coalition government now set to see through its promise to abolish the FSA, Leigh Jackson reports on the possible consequences for the broking sector.
Interview - Adrian Colosso: The comeback kid
Having come close to going bust in 2005, Daniel Dunkley talks to Heath Lambert's chief executive Adrian Colosso about the challenges facing the firm as it continues to punch above its weight.
KPMG welcomes Solvency II equivalence transitional measures
KPMG today welcomed the announcement by Karel van Hulle, head of insurance and pensions unit at the European Commission, of transitional measures under Solvency II’s equivalence, claiming the arrangements will be welcome news to insurance groups.
UK personal motor market to remain unprofitable until at least 2015
The UK personal motor market is to remain unprofitable until at least 2015, according to a survey of UK insurers by Tower Watson.
LV talks tough on fraud as senior claims manager Lawless imprisoned
LV has signalled its intent to punish internal fraud, after it emerged a former claims boss at Highway has begun a three-and-a-half year fraud sentence.
Claims Event news: Airmic aligns itself with ABI to support Jackson review
The Association of Insurance and Risk Managers has emphasised it is "fully supportive" of Lord Justice Jackson's review of civil litigation costs.
IUA warns of "dearth" of regulators
A lack of qualified staff could undermine government plans to reform UK financial regulation, the International Underwriting Association has warned.
Biba demands a more proportionate and cost effective approach to insurance broker regulation
The British Insurance Brokers’ Association has formally responded to the HM Treasury consultation paper on a new approach to regulation.
FSA bans broking firm founder for overchanging client £89 000
The Financial Services Authority has banned Paul Cable, director of Media and Entertainment Insurance Services, from acting as an FSA approved person for at least two years for attempting to overcharge a client by £89 000.
In Series - Professionalism & CPD: Welcome news
In the past, cutbacks and technology take-up have threatened to render underwriters the forgotten child of the insurance industry. Rachel Gordon reports on a welcome shift in attitude and determination to raise the profile of these specialist…
FSA insists it will fight judicial review of PPI complaints
The Financial Services Authority has insisted it will contest the British Bankers’ Association’s judicial review of new payment protection insurance (PPI) complaints handling measures.
Global business, hidden danger
The US and EU have new trade sanctions against Iran. (Re)insurers must be aware of both sets of regulations as well as potential for supra-national jurisdiction, argue Jamie Rogers and Pieter van Tol.
Viewpoint: The Hitchhiker's Guide to Solvency II
Solvency II is looming large on the horizon but, argue Henry Sopher and Ann Duffy, despite the guidelines' complex language and detailed instructions, the run-off market can make it through this new universe by simply applying sound business sense and…
LMA warns of over-regulation of Lloyd's
The Lloyd’s Market Association has warned the proposed regulatory system for the UK is being created around the banks which will make it over-engineered, unsuitable and unjustifiably costly for the general insurance industry.
In series - Professionalism and CPD: The gold standard
Brokers have embraced the professional development mantra of producing highly skilled employees.
Bahrain firms eye UK Takaful tie-up
A joint venture between UK-based distributors and Middle-Eastern insurers is the most successful formula for launching a Takaful operation in the UK, according to the chief executive of the Bahrain Economic Development Board.
Interview - Andrew Homewood: A developing role at the CILA
With 35 years in the industry, new CILA president Andrew Homewood is well placed to guide the institute through an important phase in its development. Leigh Jackson finds out his plans for the organisation.
Audatex system outage blasted by Axa
Axa Insurance has labelled a system outage at claims software firm audatex “unacceptable”, after a glitch left motor insurers with a four-day delay in processing repair assessments.
BIS 2010: Hiscox boss calls for break up of ABI
Bronek Masojada, the chief executive of Hiscox has called for a separate trade body to represent the interests of general insurance from those of the life and savings sector.
Biba backs FSA over ERN database plans
The British Insurance Brokers' Association has backed Financial Services Authority proposals for an employers' liability insurance database, operated by the Employers Liability Tracing Office.
European super regulator rules passed
Rules passed today which create three new European Supervisory Authorities and a European Systemic Risk Board keep national regulators at the fore whilst ensuring a common rule book to prevent future economic crises, Kay Swinburne MEP, European…
FSA joins forces with US regulator
The Financial Services Authority has entered a memorandum of understanding with theUS Financial Industry Regulatory Authority.