Financial Services Authority (FSA)
Biba: brokers will have to change if ELIB introduced
The British Insurance Brokers’ Association has responded with support to the Financial Services Authority consultation paper for the new Employers’ Liability Insurance Database, operated by the Employers Liability Tracing Office.
FSA enters agreement with US regulator
The Financial Services Authority and the US Financial Industry Regulatory Authority have entered into a memorandum of understanding to support more robust cooperation between the two regulators.
FSA chairman warns against EU interference in regulation
Lord Adair Turner has insisted the UK’s regulatory system is better served remaining under the control of UK authorities, and not in Brussels, according to reports.
Sassoon outlines rescue plan for future failures
Commercial Secretary to the Treasury, Lord Sassoon has set out proposals for a new “special” administration regime to strengthen the UK’s ability to deal with future failures of investment firms.
Double venture heralds return of Lord Sheikh
Lord Sheikh is set to return to the market with two new public limited companies.
Quinn refused re-entry to UK commercial market
Quinn Insurance will not be allowed to re-enter the UK commercial lines market following a decision by the Irish Regulator and Central Bank.
FSA fines Goldman Sachs £17.5m
The Financial Services Authority has fined Goldman Sachs “for being Goldman Sachs,” according to Beachcroft.
Insurers show hands over PI renewals
RSA has confirmed it has closed its doors to new clients looking for solicitors' professional indemnity insurance.
Legal update - legal expenses insurers: Freedom of choice?
Can legal expenses insurers still oblige policyholders to use their panel solicitors in light of a recent European Court of Justice decision and communications from the Financial Services Authority? Mark Lee seeks to unravel the complexity of the issue.
City law firm launches free online regulatory service
CMS Cameron McKenna has launched RegZone – a free-to-view service for anyone interested in the way financial institutions are regulated.
LV COR down to 101.9% as insurer reveals improved H1 results
LV has recorded an improved performance for H1 2010, with sales and trading profits up on the same period of 2009.
Margaret Cole to join FSA Board
Mark Hoban MP, financial secretary to the Treasury, has confirmed the appointment of Margaret Cole to the Financial Services Authority Board, with effect from 7 September 2010.
Conservatives welcome creation of Euro super-regulator
The Conservatives have welcomed an agreement between the European Parliament and the Council of Ministers over the creation of three new European Supervisory Authorities and a European Systemic Risk Board.
FSA gives broker a lifetime ban
David Marriott has been given a lifetime ban by the FSA for failing to segregate and protect money from clients’ insurance premiums.
European super regulator could be in place by 2011 pending 7 September vote
EU authorities are to get tough new powers to settle disputes among national financial supervisors and to ban risky financial products and activities, in a revamp of EU financial supervision plans agreed on Thursday.
European super regulator could be in place by 2011 pending 7 September vote
EU authorities are to get tough new powers to settle disputes among national financial supervisors and to ban risky financial products and activities, in a revamp of EU financial supervision plans agreed on Thursday.
Imas: UK industry well placed to weather double dip
The UK insurance industry is well placed to weather a double dip in the recovery of the beleaguered UK financial services sector, Imas Corporate Advisors has claimed.
NCG changes name
London-based Lloyd’s insurance and reinsurance broker, NCG Professional Risks, has announced its change of name to Oxford Insurance Brokers Limited, with immediate effect.
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Neil Utley confirmed among Provident runners and riders
A source close to a consortium of insurance investors — including outgoing IAG UK chief executive Neil Utley — has confirmed it is among the frontrunners to buy motor insurer Provident.
Zurich UK fined £2.3m
The Financial Services Authority has fined the UK branch of Zurich £2 275 000 following the loss of a back-up data tape in South Africa containing information relating to a number of its general insurance customers.
Invest in your profession - British Insurance Awards 2010
Ant Gould’s British Insurance Awards opening address in full.
Lloyd's insurer Equity co-operating with FSA over investigation
Equity Red Star is reported to be under investigation by the Financial Services Authority over concerns about the impact of bodily injury claims on its balance sheet.
Tawa takes over Island Capital
Tawa has entered a share purchase agreement to acquire 94.3% of the issued shares of Island Capital, and its wholly-owned UK subsidiary, Island Capital (Europe).