Regulation
Appointment at Financial Services Authority
The Financial Services Authority has appointed Sheila Nicoll, currently deputy chief executive of th...
Solvent scheme
PricewaterhouseCoopers has announced that a solvent scheme of arrangement for Great Lakes Reinsuranc...
The Risk Management Award: Aon Global Risk Consulting
British Insurance Awards 2007
Heritage in £8m motor bid
Offshore underwriting and captive management firm Heritage has revealed plans for an £8m UK motor an...
Set in stone
Heritage
Industry settles on £1.5bn for flood losses
The Chartered Institute of Loss Adjusters has detailed its methodology behind the latest cost estima...
FSA slammed over small firm neglect
The body charged with representing the interests of smaller firms to the Financial Services Authorit...
International Initiative of the Year: Sunderland Marine
British Insurance Awards 2007
Esure considers appeal after mouse set back
Esure is considering a further appeal after the High Court found in favour of its rival Direct Line ...
Rock tax pushes Gib growth
The success of corporate tax cuts in Gibraltar will depend on whether the regulator continues to tax...
Appointment at HSBC
HSBC has appointed Christen Schnor as head of insurance with responsibilities for the UK, Turkey, th...
Britain's graduate insurers have got talent
Among the many battles we face in our industry, one of the worst must be attracting and retaining ta...
Industry welcomes directive
Insurers have welcomed the publication of the new Solvency II draft directive this week, saying it w...
Handcuff use questioned
The use of handcuffs as a restraining tool by untrained security staff has passed under insurers' ra...
Warm welcome for Solvency II directive
Accountancy firms have welcomed the publication of a draft directive by the European Commission outlining the future of insurance regulation in Europe.
Actuarial Profession highlights uncertainty in future mortality projection
The Actuarial Profession has published a draft 'library' of mortality projections , designed to improve access to information on mortality and enable a consistent approach in projection disclosures.
FSA releases smaller businesses annual report
The FSA Smaller Businesses Practitioner Panel released its Annual Report for 2006/7.
Industry panel calls for more supportive regulation
The Financial Services Authority (FSA) Smaller Businesses Practitioner Panel has released its Annual Report for 2006/7. As a part of the regulatory accountability framework, the panel represents the interests and views of smaller financial services firms…
Great Lakes solvent scheme approved with 100% payback
PricewaterhouseCoopers has announced that a solvent scheme of arrangement for Great Lakes Reinsurance (UK) plc (“Great Lakes”) was sanctioned by the High Court on 3 July 2007.
Uncertainty prevails over draft solvency II legislation
Rodney Bonnard, actuarial partner at Ernst & Young, commenting on today’s publication of the draft EU directive on Solvency II, said: "The publication of the directive is a significant milestone on the road to Solvency II which will require that insurers…
Ferma against risk management standard
The Federation of European Risk Management Associations announced it considered undesirbable a formal international risk management standard. It added that such standard would not benefit European companies.
Prosecution says whiteboard hidden from reinsurers
The latest prosecution witness has said non-core reinsurers did not have access to information about major losses, which were kept on a white board and not put into the system, writes Ana Paula Nacif .
New solicitors' code will reduce claims, says Zurich
Zurich believes the introduction of new risk-management rules for solicitors could help reduce negli...
Biba warns FSA over its latest retail review
Brokers have told the Financial Services Association not to apply its proposed retail investment dis...