Regulation
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as these highlights from past-articles reveal
FSA Annual Report
The Financial Services Practitioner Panel (the Panel) has today published its Annual Report for the period 2006/7.
FSA confirms Industry Guidance on outsourcing
The Financial Services Authority (FSA) has confirmed that its supervision of outsourcing by firms will in future take account of industry guidance which has been issued by MiFID Connect.
FSA Speech - Principles-based regulation - moving from theory to practice
In a recent speech by Clive Briault, managing director, retail markets, FSA, at the ABI 2007 Conference, Mr. Briault covered four main areas under the above mentioned heading, 1) How a more principles-based approach should help the FSA to achieve their…
FSA announces progress made on TCF and sets further deadline
The Financial Services Authority (FSA) reported an increase in commitment by senior management to the principle of Treating Customers Fairly (TCF) but warned firms who have failed to engage that they face tough action.
FSA fines Charterhouse £122,500 for unauthorised portfolio management
The Financial Services Authority (FSA) has fined Charterhouse Consulting Wealth Management(Charterhouse) £122,500 for carrying out discretionary portfolio management without permission and for various conduct of business failings.
Liberty International opens in Spain
Liberty International Underwriters, has opened an office in Spain as part of its continental European growth strategy.
Grant Thornton sets initial dividend at 100% for UIC
Grant Thornton's financial markets group claimed it has set the first ever initial dividend for an insolvent insurer at 100%.
Biba welcome Treating Customers Fairly Report from FSA
The British Insurance Brokers’ Association has welcomed the Financial Services Authority’s (FSA) report published today which shows that many firms have made good progress with their treating customers fairly (TCF) programmes. The FSA had set firms the…
BIBA Welcome Treating Customers Fairly Report from FSA
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s report published today which shows that many firms have made good progress with their treating customers fairly programmes. The FSA had set firms the target…
TCF index launches to support Industry in readiness for new FSA deadlines
TCF Index has launched a dedicated Treating Customers Fairly consultancy. The company launch is twinned with an independent survey that investigated how the financial services industry is progressing with TCF guidelines set down by the Financial Services…
Government to establish national fraud strategic authority
A National Fraud Research centre is to be established in the UK, Lord Goldsmith confirmed today.
RSA unveils new broker boss to replace McManus
Royal & Sun Alliance has appointed Paul Donaldson as managing director, Broker. He is currently CEO of RSA Ireland and will take up his new position 1 July, replacing the outgoing Brendan McManus.
SCOR wins Converium with increased offer
Converium's Board of Directors has unanimously welcomed a revised offer from SCOR which values the Swiss reinsurer at approximately CHF 23.2 share.
VAT among the pigeons
I agree with Morag Heighway that notice 701/57 really clarifies, rather than alters, the position on...
Deadline warning for insurers
Insurers and reinsurers were urged to play a full part in the forthcoming consultation on insurance ...
Smaller brokers playing catch up on TCF
Smaller general insurance brokers are continuing to fall behind their peers at larger firms in the r...
Revisiting old debates
Brokers are often seen as a suspicious breed, especially regarding regulation. But it appears that ...
Fears over payment awards
A legal expert has warned of more bad news for insurers after another periodical payment award was l...
New figures show fraud is on the increase
The Attorney General Lord Goldsmith is expected to announce a string of measures to help combat frau...
ABI calls for £30bn flood investment
Property
The sum of all fears
Forensic accounting
Profitability in doubt as insurers reach cost-cutting limit
The future profitability of the UK general insurance market is in doubt after credit rating agency A...
Assurant in Irish PPI push
Assurant Solutions is entering the Irish insurance market with a range of payment protection product...