Regulation
Act amendment rejected
Conservative MP Stephen Crabb was dealt a political blow last week when his private members' bill to...
Cool running
Run-off
The go team
Recruitment: Team moves
Clive Briault to leave FSA
Hector Sants, chief executive of the Financial Services Authority (FSA), has announced that Clive Briault is to leave his position as managing director of the Retail Business Unit.
Briault out in FSA shake up
The Financial Services Authority has announced that Clive Briault is leaving by "mutual agreement" at the end of April. David Kenmir will take on the role as managing director of the retail business unit until a successor is found.
Pick of the Week
Post reporter Alwynne Gwilt and editor Jonathan Swift provides a run down of the major news in this w...
Marsh Ireland Limited to pay €5000 settlement agreement
Marsh Ireland Limited is required to pay €5000 following suspected regulatory requirement breaches.
Howden appoints new board and financial lines recruit
Lloyd’s broker Howden has announced that Lorraine Adlam has joined as a new board member and financial lines practice leader for the company’s global operations.
IUA welcomes IPT announcement
The IUA has welcomed the Budget announcement that fiscal representatives will no longer be required for the payment of insurance premium tax in the UK, a measure that will streamline trade involving overseas insurance companies operating on a cross…
QBE in Lloyd's move
As a part of QBE’s strategy to make it easier for Lloyd’s brokers to get full access to its diverse range of products, on 17 March 2008 QBE is consolidating its four casualty and specialty boxes in Lloyd’s.
Paris Re to proceed with capital return as profits fall
Global reinsurer Paris Re produced $232m of underwriting income in 2007, down 38.7% on a year earlier on a net earned premium base that declined 5.9% to $1.13bn.
D&O Health Check Service launched by JLT
JLT has launched a D&O Health Check Service to help companies obtain optimal coverage under their Directors’ & Officers’ Liability insurance.
Uzbek for good
Eastern European Focus: Uzbekistan
What the papers said this week
Financial Times Eliot Spitzer, the crusading New York governor and scourge of Wall Street, was unde...
You can leave your cap on
Claims: Cost Capping
Risky reporting systems
Carriers are exposed to risk by creaky accounting and reporting systems, according to an IT expert. ...
VAT reform proposals to create level playing field for insurers
European Commission proposals to reform the way value-added tax is calculated in the financial servi...
Tory MP seeks to amend Animals Act
A Bill to amend the Animals Act will go through its second reading in parliament this week in the ho...
The new brand heavies
Lloyd's run-off
KSF pushes PF sell-up
Kaupthing Singer and Friedlander has appointed an adviser and drafted an information memorandum foll...
XL Insurance appoints chief underwriting officer
XL Insurance has appointed John Glancy as chief underwriting officer – a newly-created position.
Watson Wyatt slashes stochastic run times
Global consulting firm Watson Wyatt has launched the latest version of its financial modelling system VIPitech.
Flood warnings issued as storm batters parts of UK
Parts of Britain continue to be battered by rain and gale force winds as the worst winter storm of the year sweeps across the country.
FSA seeks industry assessment of its performance
The Financial Services Practitioner Panel is to embark on its 2008 survey of regulated firms to obtain an industry assessment of the performance of the Financial Services Authority (FSA) over the past two years.