Regulation
Tory Lord to consider PI ad ban
The Conservative Lord appointed to lead a review to put the “commonsense back into health and safety” rules has said he will look at banning personal injury firms from advertising their services.
Sally Dewar set to leave FSA
The Financial Services Authority has announced that Sally Dewar, board member and managing director of Risk, has decided to leave the organisation in May 2011.
PJ Hayman calls for standardisation of tax rates for insurance
P J Hayman, specialist travel insurance and schemes provider, calls on the new government to reassess the level at which Insurance Premium Tax is charged on travel insurance.
Evans is new insurance parliamentary group chair
The All Party Parliamentary Group on Insurance and Financial Services, for which Post provides the secretarait, elected former trade minister Jonathan Evans as its new chairman at a meeting in the House of Commons last night.
Biba calls for IPT freeze
The British Insurance Brokers’ Association is urging the government not to increase the 5% rate of insurance premium tax on insurance products in its Budget on 22 June.
ABI chair calls on government to put words into action over tax reform
The outgoing chairman of the Association of British Insurers Archie Kane, has launched an attack on European law makers for not differentiating between insurance and other financial services.
ABI chair calls on government to put words into action over tax reform
The outgoing chairman of the Association of British Insurers Archie Kane, has launched an attack on European law makers for not differentiating between insurance and other financial services.
Post Magazine - 10 June 2010
The latest issue of Post is now available to subscribers as a digital interactive e-book.
FSA takes action against two brokers over client money failings
The Financial Services Authority has today taken action against two insurance brokers - Delwyn Way of Shield Insurance Consultancy and Adrian Shillaker of Griffiths McAlister Insurance Brokers - for failing to adequately protect client’s money and assets.
Postscript - 10 years ago: Rule book gets cautious welcome
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Call for travel database after fraudster is jailed
The travel insurance market needs a database similar to those in other markets in order to prevent travel insurance fraud.
Money Supermarket steps up fraud battle
Price comparison giant Money Supermarket is rolling out a revamped home insurance website, which includes improved measures to combat fraud.
Law firm's research critical of regulator authorisations
The Financial Services Authority has defended its approach to authorisation after research revealed a 71% time increase for companies to gain regulatory approval.
MP takes up asbestos battle
A Yorkshire MP has urged the new coalition government to back Labour proposals to establish an Employers' Liability Insurance Bureau.
ABI welcomes rejection of bank levy
The G20 finance ministers have rejected plans by the International Monetary Fund (IMF) to apply a levy to all financial institions.
FSA damaging UK insurance market by dragging heels over authorisation, claims RPC
The length of time that financial services firms are having to wait to get authorisation from the Financial Services Authority continues to climb according to law firm Reynolds Porter Chamberlain (RPC).
FSA consults on competence
The Financial Services Authority has today published proposals to strengthen its requirements on competence for individuals carrying out retail activities, while placing more emphasis on standards of ethical behaviour.
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
J P Morgan Securities fined £33.32m by FSA
The Financial Services Authority has fined J P Morgan Securities £33.32m for failing to protect client money by segregating it appropriately.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Buffett backs Moody’s at US hearing
Berkshire Hathaway’s Warren Buffett, compelled by subpoena to testify, backed Moody’s at a hearing yesterday, defending the ratings agency in which Berkshire has a holding against criticism it misled investors.
Bermuda - legal:Towards mutual recognition
Katie Tornari and David Kendall review the steps towards international compliance that Bermuda is taking to safeguard.
