Regulation
Hannover Re to "benefit" from Solvency II
Property and casualty reinsurance market pricing continues to soften according to Hannover Re, but prices and conditions are for the most part still acceptable.
Law firm backs new fraud bureau
Hill Dickinson is working in partnership with the new National Fraud Intelligence Bureau to help police crack down on serial fraudsters.
Irish regulator fines insurance firms
The Financial Regulator has fined two Dublin-based insurance businesses €26 600 in relation to a breach of regulatory requirements.
Irish regulator fines insurance firms
The Financial Regulator has fined two Dublin-based insurance businesses €26 600 in relation to a breach of regulatory requirements.
20 years ago: IIC financial woes mean liquidation
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
ABI backs Jackson's proposals
The Association of British Insurers has called for the findings of Lord Justice Jackson’s review of civil litigation costs to be implemented in full, as soon as possible.
FSA fines Goldman Sachs £17.5m
The Financial Services Authority has fined Goldman Sachs “for being Goldman Sachs,” according to Beachcroft.
Quake impact on ratings "limited"
The damage costs resulting from the earthquake which struck the New Zealand city of Christchurch on 4 September will have "limited negative implications" for insurers and banks in New Zealand.
CSC member firms fall foul of SMS crackdown
Two members of the Claims Standards Council have been forced out as a result of an investigation into the sending of unsolicited text messages.
Warning over rise in discrimination claims
A law firm has warned insurers and brokers they may be exposed to a rise in claims following implementation of a new "three strikes rule" regarding workplace discrimination, due to come into force on 1 October.
Editor's comment: An Indian summer?
The proactive stance of the Indian insurance regulator to enhance the professional reputation of its market certainly seemed to be making as many enemies as friends earlier this week, as news broke of two developments — one positive, one rather less so.
CII to revamp Indian regulator agents tests
The Chartered Insurance Institute has been invited by the Indian insurance regulator to overhaul its compulsory agents' test in a development the CII expects will be recognised by — and replicated in — other emerging economic powerhouses.
Mixed reaction for new EU finance bodies
The creation of three new European supervisory authorities and a European systemic risk board has been welcomed by the government.
IUMI conference preview: Ready to launch
Eric Alexander previews the upcoming International Union of Marine Insurance conference in Zurich and predicts what the hot topics for the market will be.
Interview - Sandy Scott: Discovery continues for tireless Scott
As CII chief executive Sandy Scott notches up a decade at the helm of the institute, he talks to Lynn Rouse about change, challenges and his critics, plus the professionalism agenda he is intent on pursuing.
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.
Willis to appeal Indian renewal rejection
Willis has said it will appeal the Indian regulatory authority’s decision not to renew the licence renewal application of its joint venture in India.
Indian regulator refuses to renew Willis licence
The Insurance Regulatory and Development Authority in India has decided not to renew the composite broking licence of Willis India, an affiliate company of the international broker, according to Indian news sources.
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.
Capita Consulting launches financial services practice
Capita Consulting has launched its new financial services consulting practice, appointing Tony Tarquini, formerly head of financial services at Celerant Consulting, to head up the new operation.
Insurance sector calls for environmental action
Four insurance climate change initiatives have today launched a global insurance industry statement on adapting to climate change in developing countries.
Insurance sector calls for environmental action
Four insurance climate change initiatives have today launched a global insurance industry statement on adapting to climate change in developing countries.
IUA: businesses “dangerously exposed” to new environmental laws
Businesses relying on traditional public liability policies to insure against environmental risks may be “dangerously exposed” to new laws designed to make polluters pay for damage, according to the International Underwriting Association.
IUA: businesses “dangerously exposed” to new environmental laws
Businesses relying on traditional public liability policies to insure against environmental risks may be “dangerously exposed” to new laws designed to make polluters pay for damage, according to the International Underwriting Association.