Regulation
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.
Collins Solicitors responds to Lord Young’s review
Des Collins, senior partner of Collins Solicitors, has responded to the predicted conclusion of Lord Young's review.
Quinn sale deadline nears
The deadline for expressions of interest in Quinn Insurance expires this evening, according to reports.
Torrance hails climate change report
Climate Wise has welcomed the first national assessment of the UK’s climate change praperedness.
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.
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.
London remains "key location" for insurance industry
A new report into the issue of domiciles for property & casualty insurers and reinsurers has found access to markets was overwhelmingly the key criteria.
Elite joins consumer alliance
Legal expenses Elite Insurance has joined the Consumer Justice Alliance as one of seven founding members.
L&G signs corporate governance pledge
Legal & General Investment Management has signed up to the United Nations Principles of Responsible Investment.
L&G signs corporate governance pledge
Legal & General Investment Management has signed up to the United Nations Principles of Responsible Investment.
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.
AA calls for government to resist spending cuts on flood defences
AA Insurance is urging the government to resist any temptation to cut spending on flood defences in its autumn comprehensive spending review.
Willis severs Indian links after regulator withdraws licence
Willis is to cut ties with its Indian partner after the local regulator unearthed a series of misdemeanours by the latter.
Government set to give go-ahead to draft law reform bill
The government appears to have given the 'green light' to the draft bill on consumer insurance law reform, according to law commissioner David Hertzell. This could take effect as early as next year, he said, which is "two years ahead of when we would…
Career development: Ask the expert
As an older employee, I sometimes wonder whether the age discrimination act has really made a difference to workers over 50? I often feel my experience still closes off as many doors as it opens.
Legal update - insurance law reform: Out of pocket
Emma Rice looks at the proposed changes to insurance law, which currently does not recognise an obligation to pay damages over failure to pay claims, and what it could mean for insurers.
Claims management: Moment of truth
With the true value of insurance — and the insurer — judged by the customer at the claims moment of truth, Kevin Wood calls for a balanced, transparent approach with partner companies that reflects the total cost of the claim.
Mutuals called to engage with Solvency II debate
The Association of Mutual Insurers and Insurance Cooperatives in Europe has called for its members to participate on the ongoing “debate” about the final design of Solvency II.
Mutuals called to engage with Solvency II debate
The Association of Mutual Insurers and Insurance Cooperatives in Europe has called for its members to participate on the ongoing “debate” about the final design of Solvency II.
S&P: Congregational & General outlook “positive”
Standard & Poor’s has confirmed the upgrade of Congregational & General Insurance to 'positive' from 'stable'
PWC: Expect more solvent schemes
At the Monte Carlo rendez-vous, Pricewaterhouse Coopers told delegates it expects the number of insurers and reinsurers entering solvent schemes to grow.
Quinn: sale "not impacted" by UK decision
Quinn has responded to the Central Bank and Financial Regulator’s decision today not to allow its insurance business to re-enter the UK commercial lines market.
“Need for improvement in insurance regulation” Swiss Re warns
A study from reinsurer Swiss Re has found that despite the insurance industry's performance during the financial crisis, the turmoil exposed “flaws” in the way insurers are regulated.
GC launches global P&C report
Despite spiralling losses, global reinsurance rates generally declined through the 2010 reinsurance renewals, according to Guy Carpenter.