Regulation
Capita CMGL wins two contracts
Capita has been appointed to provide claims validation services for Bridge Re, the Bermudian vehicle created to underwrite property catastrophe retrocessional reinsurance business.
Euro insurance conference reveals fraud concerns
Gerard de la Martiniere, President of the Comite Europeen des Assurances and Karel Van Hulle, Head of Unit, Insurance & Pensions Financial Institutions, European Commission, were welcomed to the FUEDI General Assembly in Gent, Belgium on Friday 25th May.
EMB opens Japanese operation
EMB, the international non-life actuarial consultants, has opened a subsidiary in Tokyo. EMB Japan will offer a full range of actuarial services to the country’s general insurers and reinsurers.
Insurers win fight to limit Ombudsman redress payments to £100k
The High Court has today confirmed that the Financial Ombudsman Service does not have the power to make a binding award requiring a redress payment in excess of £100,000.
Amlin: Rates have peaked, global competition strong
Lloyd’s and Bermuda specialty (re)insurer Amlin has said that US Catastrophe pricing is down from the extremes provoked by the devastating hurricane losses of 2005 and that competition in international reinsurance markets is strong.
Scor reveals net income of €76m
French reinsurer Scor has announced profits of €76m ($102.1m) for the first quarter of 2007.
Biba: report on EU regulation launched
European Union insurance mediation streamlining has had mixed results, according to a new report commissioned by the City of London Corporation launched at today’s British Insurance Brokers’ Association (BIBA) conference in London.
Shortlist revealed for Claims Club Rising Star Award 2007
The shortlist for the Claims Club Rising Star Award 2007 has been revealed and the standard of entri...
Tempting fate
Reinsurance: Brazil
Dale Street death fears unfounded
Fears that last month's fire in Manchester city centre may have resulted in the deaths of a number o...
In the shadow of the FSA
This week a significant chunk of the UK general insurance sector will decamp to East London for the ...
Backwards step?
Solvency II: Regime update
Quick on the uptake
Solvency II: Risk managers
Partner Re buys non-French renewal rights of MCR
Partner Re has announced that it has signed a definitive agreement with the French Monceau Group effective July 1, 2007 to buy renewal rights for the international reinsurance business of Mutuelle Centrale de Reassurance (MCR), the reinsurance subsidiary…
FSA issues Goodwill Q&A
The Financial Services Authority (FSA) has published a Goodwill FAQ list on its website in an effort to clear the muddied waters surrounding the issue.
FSA tells small firms they are on the regulatory radar
The Financial Services Authority (FSA) has dismissed the 'folklore' that small firms are under the regulatory radar.
Scottish Re looks for new CEOs
Life reinsurer Scottish Re has announced that the company has initiated a search for a chief executive to replace Paul Goldean, who took over after previous incumbent Scott E. Willkomm resigned at the end of July 2006 when a credit crunch forced the…
Law firm slams FSA's voluntary compensation rules
Companies could be required to voluntarily compensate all of their customers under the new rules being brought in under the guise of the EU’s Markets in Financial Instruments Directive (MiFID), warns City law firm Reynolds Porter Chamberlain at their…
Scottish Re parts company with CFO
Life reinsurer Scottish Re has announced that Dean E. Miller, its executive vice president and chief financial officer, will be leaving the company effective May 18, 2007.
Changing of the guard
Departures of key personnel in government, at the regulator and the ABI itself, were highlighted by ...
Insurers urged to lobby new PM on climate
Insurers have been urged to capitalize on their "unique position" in lobbying for action on climate ...
FSA faces consolidation or divestment quandary
The 1982 Lloyd's Act was primarily introduced to improve the governance of Lloyd's and, in doing so,...