Regulation
Post Magazine - 20 May 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
BIBA 2010: Willis CEO questions FSA's "grandfathering" of Quinn
Willis chief executive Joe Plumeri has questioned the Financial Services Authority's role in the problems revolving around Quinn Insurance.
POS PPI ban confirmed
The Competition Commission has reaffirmed its decision to provisionally introduce a point-of-sale prohibition on payment protection insurance.
Confusion over FSA prompts calls for government rethink
The insurance industry has called on the government to review its regulatory proposals, after plans to scrap the Financial Services Authority were thrown into confusion.
FOS: Insurance disputes up 38% in 2009/10 driven by PPI
The Financial Ombudsman Service – the independent organisation that settles disputes between consumers and financial companies – today said it resolved a record 166 321 disputes – a 46% annual increase – in the period 2009/10 resulting in compensation…
BIBA 2010: Galbraith calls on government to introduce the "right legislation"
The British Insurance Brokers’ Association is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
Cable creates Business Advisory Group
Business secretary Vince Cable has created a group of experts top help advise the government on business and economic policy.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Chancellor confirms 22 June Budget
An emergency Budget will be held on Tuesday 22 June, the Chancellor announced today.
FSA issues warning of broker exposure to corruption
The Financial Services Authority has published the findings of its recent review of anti-bribery and corruption systems and controls in commercial insurance broker firms.
Hoban's role in new Treasury team confirmed
The new Chancellor of the Exchequer George Osborne has named his Treasury team.
Competition Commission: Point-of-sale PPI should be banned
The Competition Commission has provisionally decided that consumers will benefit from the introduction of a point-of-sale prohibition for all forms of payment protection insurance, with the exception of retail PPI.
Spelman named Defra secretary
Prime minister David Cameron has appointed Caroline Spelman as secretary of state for environment, food and rural affairs.
Exclusive Analysis on election
The new government is unlikely to sell off its shares in banks taken over in the financial crisis this year for fear of the consequences, according to Exclusive Analysis.
Post Magazine - 13 May 2010
Subscribers to Post can now read the latest edition online as a digital interative e-book.
Con-Libs: Bank of England regulatory plan to be brought forward
The coalition agreement announced today by the Conservatives and Liberal Democrats outlines plans to bring forward the objective of giving more power to the Bank of England. However, it makes no mention of the Financial Services Authority.
Cable to support Osborne in Treasury role
The Liberal Democrats deputy leader and Treasury spokesman Vince Cable has been given a business and banking position in the new coalition government headed up by new Prime Minister, Conservative leader David Cameron.
50 years ago: No need for legislation on bad drivers
Looking back through Post's back catalogue points a unique picture of more than 150 years of insurance news, as this story from 50 years ago reveals.
Comment: Everything to play for
Solvency II has created a cloud of uncertainty over captive insurance companies. Alan Fleming explains.
Solvency II fears
One third of UK insurers are not confident that the industry will be able to achieve compliance to the Solvency II rules by the 2012 European Union deadline.
New Jersey targets captive and reinsurance markets
New Jersey Insurance Commissioner Tom Considine has praised new legislation that would grow the reinsurance market and create a captive insurance market in the state.