Regulation
FSA "extremely dissapointed" by continued PPI failings
The Financial Services Authority has today published the findings of its latest review of Payment Protection Insurance selling standards which it claims show improvements in some areas. However, it added that many firms are still failing to treat their…
IUA welcomes EC comments
The International Underwriting Association has responded to the publication of the European Commission’s sector inquiry into business insurance
Biba: "pointless" inquiry throws up no surprises
The British Insurance Brokers' Association has said it is pleased that the findings of the Competition Commission's investigation into business insurance have been restricted to just two broad areas.
European Commision competition enquiry releases report
The European Commission competition enquiry today issued its final report on business insurance sector.
EC enquiry pulls punches on subscription market practices
The EU Competition Commission has issued its final report on the business insurance sector and raised concerns about the operation of two areas of business insurance
Gable reports first half results
Gable Holdings has announced a £0.4m profit for the first six months of 2007. On modest revenues of around £4m, the insurer - which is domiciled in Liechtenstein - made earned premiums of £3.3m, with net profit before tax of £425 000.
Law Commission review reaches half way stage
The Law Commission has called for more responses after it passed the half-way point in its consultation on misrepresentation, non-disclosure and breach of warranty.
Close moves to reassure customers
Close Premium Finance has moved to reassure brokers that its lending facilities remain unaffected by the global credit crunch currently impacting financial markets.
Munich Re completes Plantation Place move
Munich Re has moved three of the core business units of its London market non-life operations together in one location at Plantation Place in Fenchurch Street.
Justice Brooke announces mediation launch
Former Lord Justice Sir Henry Brooke, who famously gave mediation a major boost in his leading judgment in Dunnett v Railtrack , has announced the start of a not-for-profit mediation scheme for personal injury claims.
Levene urges insurer/government co-operation
The insurance industry needs to work with government and contribute more towards resilience, Lord Levene said in an address last night.
Watson Wyatt appoints Collinson to non-life team
Watson Wyatt has appointed Rob Collinson into what it described as a thought leadership and client facing consulting role.
Work stress 'being ignored'
Almost half (48%) of employees believe that their employer does not care how stressed they are at wo...
Insurers face drain "headache"
Property insurers have bemoaned a lack of an accurate flood mapping technology in the wake of the su...
Rock in a hard place
The Northern Rock crisis has certainly grabbed the headlines over the last seven days, with the gove...
Appointment at Assurant
Assurant Solutions has appointed Martin Pringle as European risk director. In his new role, Mr Pring...
NU presses parties for flood defence action
Norwich Union is shouldering the lion's share of lobbying duties at the major party conferences, wit...
Data must be protected
The Loans.co.uk data theft last week should act as a wake up call to businesses throughout the count...
Novae reports profit
Lloyd's and company market insurer Novae has reported an operating profit, excluding foreign exchang...
Bupa UK Insurance profits fall by £9m
Bupa has reported revenue from continuing operations was up 10% to £2.1bn in the first half of 2007 with the health insurer producing an underlying surplus before tax of £172.4m, up 23%.
Experts commend FSA approach to solvent schemes review
Speaking at the Association of Run-Off Companies on 14 September, Beth Rees and Paul Taylor, of the run-off supervision team at the Financial Services Authority, outlined the regulator’s approach in reviewing proposals to issue schemes of arrangement to…
Marsh chief Storms out
MMC has announced that the chief executive of its broking arm, Brian Storms resigned with immediate effect late on Friday 14th September.
Novae reports £22.4m operating profit
Lloyd's and company market insurer Novae has reported an operating profit excluding FX effect on non-monetary items of £22.4m, a fall of £300 000 on the previous half year performance. Profit before tax was up £17.7m, up 22% (2006: £14.5m)
Appointment at Zurich
Zurich has recruited Hanno Mijer into the newly created position of head of business development, gl...