Regulation

Names near closure

Lloyd's Names with potential liabilities arising from - or before - 1992 are on course for closure d...

CEA warns on block exemptions

The CEA, the European insurance and reinsurance federation, has reiterated why the insurance industry strongly believes that the current insurance block exemption regulation should be renewed beyond its current 2010 deadline.

Lloyd's reform order laid before parliament

Economic Secretary to the Treasury, Kitty Ussher MP, yesterday laid before parliament a draft Legislative Reform Order taking forward proposals to modernise the operation and governance of Lloyd's of London.

Retail Distribution Review criticised by Skandia

Skandia has said that the outcome of the Retail Distribution Review (RDR) should be applied to the entire financial services market in order to avoid customer confusion about the type of advice or service they are paying for.

Atradius grabs senior Swiss Re figure Schmidt

Trade credit (re)insurer Atradius said it has hired former Swiss Re managing director Peter Schmidt to the position of chief market officer responsible for credit insurance throughout continental Europe (excluding Spain and Portugal) and the units…

Knightbrook buys Excess Re

KnightBrook, a recently established holding company of Knight Insurance Company and Venbrook Group, today announced the merger of Northwestern Insurance Company and Excess Reinsurance Company (Excess Re) for an undisclosed sum.

BIBA gives caveat to ABI agreement

The British Insurance Brokers’ Association (BIBA) has welcomed the agreement between Government and the Association of British Insurers (ABI) to ensure flood insurance remains widely available. Despite this, BIBA believes that there are still properties…

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