Regulation
FSCS rules out interim broker levy for 2009/10
The Financial Services Compensation Scheme has ruled out a multi-million pound interim levy on insurance intermediaries this financial year in favour of introducing a £61m levy in 2010/11.
Reinsurance TV: WIF and the Bermuda Reinsurance Club
Reinsurance editor Katherine Blackler talked to the great and the good of Bermuda and London at the World Insurance Forum and Bermuda Reinsurance Club events earlier this month.
Questgates launches fast-track MoJ service
Loss adjuster to provide a fast track motor investigation service designed to help its insurer clients meet the requirements of the road traffic accident personal injury claims reforms being introduced on April 30 2010.
Axa fined $1.9m by NY State Insurance Department
New York State Insurance Superintendent James J Wrynn has announced that Axa Equitable Life Insurance Company has paid a $1.9m fine for violations including making inaccurate or incomplete disclosures to consumers buying replacement annuity contracts and…
Axa fined $1.9m by NY State Insurance Department
New York State Insurance Superintendent James J Wrynn has announced that Axa Equitable Life Insurance Company has paid a $1.9m fine for violations including making inaccurate or incomplete disclosures to consumers buying replacement annuity contracts and…
Law Commisioner hails insurance act approval
Injured people should have improved access to insurance payments as a result of a new law which received Royal Assent yesterday.
OFT gives clearance to Marsh HSBC merger
The Office of Fair Trading has decided not to refer the merger of Marsh and HSBC Insurance Brokers to the Competition Commission.
Lord Myners rubbishes Tory FSA plans
Lord Myners has warned that the Financial Services Bill is in danger of falling by the wayside as a result of it running out of time due to "distractions" arising from the political opposition.
Election 2010 - Labour view: Lord Myners interview
In the fifth of Post's six-part series, profiling the major political parties, Mairi MacDonald talks to Lord Myners about Labour's plans and priorities.
Biba chief: best practice call for small brokers
British Insurance Brokers' Association chief executive Eric Galbraith has slammed the Financial Services Authority's disregard for its members' risk profile and resources and called on it to lay down best practice guidelines for smaller intermediaries.
China regulator sets caps on insurance investment
China's insurance regulator has set a 10% and 30% ceiling for the country's insurance groups and their subsidiaries' investment into non-financial sectors and non-insurance financial industries respectively.
Malaysian insurers should consolidate – central bank
The Malaysian central bank governor has said that consolidation amongst insurers in the country is encouraged.
Budget 2010: Broker IPT burden significantly reduced
Broker trade bodies the British Insurance Brokers’ Association and the Institute of Insurance Brokers have both expressed their satisfaction following the publication in today’s Budget of the final legislation extending the scope of insurance premium tax.
CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the…
CEA concerned about impact of partially renewed insurance BER
The CEA, the European insurance and reinsurance federation, is concerned that the only partial renewal of the Insurance Block Exemption Regulation, as adopted today by the EU College of Commissioners, will reduce cooperation between insurers, to the…
Budget 2010: LCCI: Budget a “mixed blessing” for City businesses
The London Chamber of Commerce and Industry has claimed that the 2010 Budget is a “mixed blessing” for businesses in the capital.
Budget 2010: Darling to “double” entrepreneurs CGT relief
Chancellor Alistair Darling has revealed that the government will double entrepreneurs relief for capital gains tax.
Budget 2010: Government pledges to support insurers on Solvency II
The government has vowed to continue its support to insurance firms ahead of the implementation of Solvency II.
Budget 2010: Government pledges to support insurers on Solvency II
The government has vowed to continue its support to insurance firms ahead of the implementation of Solvency II.
Budget 2010: Industry to offer guidance on how to deal with criminals
The insurance industry is looking to publish guidance for insurers on how to treat customers with criminal convictions.
Budget 2010: Government to consult on administration regime for insurers
The government today launched a consultation on proposals to strengthen the administration regime for insurers, ensuring consistent treatment for policyholders of insurance contracts under the insolvency and administration regime.
European Commission adopts anti-trust block exemption rules
The European Commission has adopted a new regulation that exempts certain types of agreement in the insurance sector.
European Commission adopts anti-trust block exemption rules
The European Commission has adopted a new regulation that exempts certain types of agreement in the insurance sector.
Zurich to put in new controls after being found in breach over data loss
Zurich Insurance has agreed to improve information security after losing over 46 000 individuals’ personal financial information.