Regulation
Biba welcomes trade credit decision
The British Insurance Brokers Association has welcomed the announcement to backdate the available trade credit insurance top-up cover from 1 October, 2008.
Osborne urges regulation to retain London’s ‘competitive advantage’
Shadow chancellor George Osborne has called for improved regulation to ensure that London stays as an attractive place for insurers to do business.
No need for revolution in insurance regulation, says Lord Turner
In his first speech to insurers since becoming chairman of the Financial Services Authority, Adair Turner said that unlike in the banking world, "there is no equivalent need for revolution" in insurance.
NHS unveils new insurance panel arrangement
The NHS Purchasing and Supply Agency has launched two new vehicle insurance related framework agreements for brokerage services and underwriter services
LAM loses appeal hearing
London Authorities Mutual will cease underwriting activities today and go into run-off, pending any fresh legislation, following defeat in Appeal Court this morning.
Insurance execs cautiously optimistic claims KPMG
Insurance executives are cautiously optimistic about the next 12 months, with many expecting to experience growth, according to a recent survey by KPMG International and the Economist Intelligence Unit.
Fitch affirms ratings of Malaysian reinsurer
Fitch Ratings has today affirmed the 'A-' Insurer Financial Strength (IFS) rating of Malaysian Reinsurance Berhad (Malaysian Re). The outlook on the rating remains stable.
Brokers in Civil Contingencies act warning
The UK's commercial insurance broker market has warned that local authorities are failing to advise businesses about emergency planning procedures under the Civil Contingencies Act 2004, reports business continuity planning consultancy, Crisis Survivor.
Mutual insurer pays back $1m to UK policyholders
Aegis London, the UK-based subsidiary of mutual insurer Aegis, has announced that despite the global economic downturn, it has approved US$1m in distributions to members as part of its premium credit programme.
New Middle East partner for Charles Taylor Adjusting
Charles Taylor Adjusting has entered into a strategic partnership with Prudent Loss Adjusters to represent the company in Oman.
Hyperion acquires broker
Howden has signed a deal to acquire Hendricks & Co GmbH, a specialist directors' and officers' and commercial legal expenses broker in Germany.
QBE in board shake up
QBE Europe today announced a number of changes at board level,which it said are designed to "position the business for the future".
Amlin acquisition "bemusing", say analysts
Management's "apparent stalling" over increasing the catastrophe side of the equation has made Amlin's €350m purchase of Fortis Corporate Insurance "somewhat bemusing", according to analysts.
Negotiation boot camp to help industry thrive during recession
Senior executives in the insurance industry are being offered the opportunity to fine tune their neg...
Biba backs cross-border RTA consultation
The British Insurance Brokers' Association has backed a European Commission consultation on victims'...
School of hard knocks
Legal Update: Schools & Risk Management
The key to closure
Risk Manager Focus: Site closure
EU moots financial watchdogs
A set of European regulatory reforms recommending a new system of European Financial Supervisors cou...
Appointment at HSBC
HSBC has appointed Simon Hotchin as head of the insurance solutions group within debt capital mark...
The call for rehabilitation regulation
QBE recognises that the UK Rehabilitation Council standards are beneficial to both end users and the...
EC crackdown
The European Commissioner for Competition said there will be crackdown on insurance block exemption ...
Appointment at Deloitte
Deloitte has appointed Solvency II specialist Annette Olesen as an insurance partner. Ms Olesen ha...
Judgment invokes hindsight
A judgment handed down by the Court of Appeal last week could be used by claimants as "a weapon in t...
Rok campaign for VAT cut gathers pace
Rok is to appeal to insurers to back a campaign calling on the government to cut the VAT rate on bui...