Regulation
From EC3 to the EC
The results of a member feedback survey have spurred Lloyd's of London on to extend its market share by opening more offices in Europe. However, not everyone is convinced by this strategy, as Sam Barrett reports.
Bermuda regulator appoints Cox as CEO
The Bermuda Monetary Authority announces that Jeremy Cox has been appointed CEO from January 2010. Cox succeeds Matthew Elderfield
Competition Commission prevented from imposing PPI point of sale prohibition
Tribunal rules that CC must reconsider POSP plans
Insurer American Keystone shut down
American Keystone placed into receivership with the Florida Department of Financial Services and will be liquidated after the company’s latest financials were insufficient to buy reinsurance, regulators said.
Hannover Re gets China license
Hannover Re has received approval to open a branch in Shanghai for non-life reinsurance.
The full Monte
The 2009 Reinsurance/PricewaterhouseCoopers roundtable lunch saw some good-natured sparring between friends and rivals over the hot topics of the day - from the problems thrown up by AIG's troubles to Solvency II and US cage-rattling over Bermuda.
The full Monte
The 2009 Reinsurance/PricewaterhouseCoopers roundtable lunch saw some good-natured sparring between friends and rivals over the hot topics of the day - from the problems thrown up by AIG's troubles to <BODY><p>Solvency II</p></BODY> and US cage-rattling…
Axco and Fiscal Reps to offer international tax services
Regulatory and compliance firms join up to offer tax solutions
FSSC names new chief executive
Liz Field lands skills council role on interim basis
US health reforms would cost $829bn
US health reforms proposed by the US Senate Finance Committee plan would cost $829bn, a watchdog has said.
Swiss Re gets Malaysian retakaful licence
Swiss reinsurance giant can now write islamic insurance business in Asian country
Kiss of life
Cameron McNaught examines the reforms proposed for Scotland's Courts in the long awaited report from leading judge, Lord Gill.
Bermuda regulator proposes new requirements for (re)insurers
The Bermuda Monetary Authority has published three market communications outlining proposals on various enhancements to its regulatory framework for Bermuda (re)insurers.
Scottish civil justice review "welcome" news for insurers
Lord Gill's long-awaited review outlines plans to streamline court system
Axa chief: no need to change rules on insurers’ capital
European insurers shouldn’t be required to increase capital reserves as they play a “stabilizing” role in the financial system and pose “no systemic risk” to markets, Axa SA’s CEO Henri de Castries said.
The end is nigh?
A recent court ruling throws fresh doubt on the use of solvent schemes of arrangement in the UK. Tim Goodger looks at the implications.
Defamation battlefield
High-profile defamation disputes have prompted legal developments that could hold implications elsewhere. Tim Smith explains why insurers should keep an eye on new rules relating to costs and premium recoverability.
Changing times
With the Competition Commission ready to effect its report on the payment protection insurance market, Drazen Jaksic looks at what insurers must do to comply.