Regulation
Travelers appoints Abramson European head of Legal from Flagstone
Travelers has appointed John Abramson as head of legal and compliance for its European businesses.
Insurance Stategy 2012: Chartis UK MD Aubert to offer insights into volatile market
Chartis UK managing director Nicolas Aubert will join the Insurance Strategy line-up next month to take part in a panel discussion.
Indian resolution poll
Is a resolution mechanism needed for India?
SRA to introduce rating disclosure change
The Solicitors Regulation Authority has agreed to a 'minor change' to the Qualifying Insurer's Agreement whereby insurers will have to disclose their credit ratings.
Sluggish economy stifles rebuilding costs
The annual rise in the UK's index of house rebuilding costs is continuing to decline.
Oman consults Malaysia over draft Takaful rules
UK law firm Clifford Chance has submitted draft proposals for legislation to cover Takaful in the Sultanate of Oman.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Milliman launches Solvency II reporting tool for insurers
Global consulting firm Milliman is launching a suite of Solvency II analysis and reporting tools designed to meet the demands of European insurers and reinsurers.
US tightens economic sanctions against Iran
The US Congress has passed a new package of economic sanctions against Iran, Reuters reported.
EC drops anti-trust probe into marine insurance agreements
An anti-trust inquiry by the European Union into marine insurance agreements among groups of ship owners has been dropped owing to a lack of conclusive evidence.
India's government U-turns on tanker exemption
The Indian government has said that permission for Indian tankers carrying Iranian crude will be given on a case-by-case basis, a shift in position from the general exemption declared previously.
Insurance Europe 'disappointed' with IAIS over systemic risk methodology
Insurance Europe criticised the International Association of Insurance Supervisors' methodology for identifying systemically important insurers today in its response to a consultation paper by the IAIS.
Insurance Europe pledges support for EU occupational systems study
Insurance Europe is backing plans by the European Insurance and Occupational Pensions Authority to carry out a thorough quantitative impact study on the review of the EU Institutions for Occupational Retirement Provision Directive.
FCA told to act 'swiftly' on consumer complaints
The Financial Services Consumer Panel has urged the forthcoming Financial Conduct Authority to respond quickly to widespread consumer detriment.
CILA and Bournemouth University launch loss adjusting qualification
The Chartered Institute of Loss Adjusters and Bournemouth University have teamed up to launch a Master's loss adjusting degree in professional development.
Chinese insurers to benefit from broader investment scope
The relaxation of investment rules for Chinese insurers should allow them to match the duration of their assets and liabilities more accurately and benefit from improved earnings stability, Fitch believes.
Indian government considers insurance reform
The Indian government is looking at financial reforms that will change the face of the insurance industry.
Post Claims Club chair's monthly missive: Beach volleyball and insurance sop
On Wednesday this week I received an email from a Claims Club regular I have been in discussion with about speaking at the next meeting.
Eiopa guideline poll
Are insurers prepared for updated guidelines to Solvency II?
Insurance regulatory regime takes hold in Hong Kong
As Europe moves towards increased regulation, Ann Leung explores how the trend for increasing corporate governance in Hong Kong is affecting regulation of the insurance industry.
Making flood prevention cost effective
Flooding now affects more people than any other natural catastrophe. Jens Mehlhorn explains how tried and tested methodologies for determining the cost effectiveness of measures show that prevention is better than cure.
Escott quits Capita
Capita's general insurance managing director, Brent Escott, pictured, has left the business by "mutual agreement" after seven months in the job.
Indie FSCS bill hits £404m in advance of scheme of arrangement
The Financial Services Authority has revealed that, since Independent Insurance went into liquidation in 2001, £500m of assets have been realised for the benefit of creditors.
£300m broker levy "affordable", says FSA
The proposal to double the threshold for claims within the Financial Services Compensation Scheme to £300m for the general insurance broking sub-class was based on the "affordability" of the figure rather than on the likelihood of high-value claims.