Regulation
FSA prohibits broker from trading
The Financial Services Authority has prohibited Alan Dennis Garlick, director of Chapel Finance, from carrying out regulated activities for management failures and a lack of skill, care and diligence.
THB launches new liability cover for FSA Approved Persons
A new liability product specifically for individuals named as ‘approved persons’ by the UK’s Financial Services Authority (FSA) has been launched by THB UK Professionals Risks.
All systems go for new home finance regulation
From April 6th the Financial Services Authority (FSA) is introducing new protections in the housing market.
UK office workers told: take a break
Around 73% of office workers skip their lunch hour on a regular basis, according to new research. I...
Insurer terror aftermath protocol to be published
The insurance industry will soon announce its protocol on dealing with the aftermath of terrorist at...
Shedding the dead wood
Part VII Transfers
XL targets construction market
Bermudian-based insurer XL Insurance is set to make a concerted push into the construction market, w...
What the papers said this week
Sunday Telegraph Royal and Sun Alliance is considering a move to buy out the minority shareholder...
Nanotechnology risks are not microscopic
Insurers have bemoaned the lack of research into the potential health hazards of nanotechnology, whi...
Part 14 warning to insurers
Insurers must be cautious when admitting liability in pre-proceedings of claims following a new amen...
Following Uncle Sam
Legal Update: Class actions
Back to the drawing board?
Compliance: Goodwill
SCOR improves 2006 performance, unveils “dynamic lift”
French reinsurer Scor has more than doubled net income after tax to €306m in 2006, running a non-life combined ratio of 96.4% on net written premiums that grew 16% to €2.6bn.
FSA – Consumers to benefit from PPI refunds agreement
Consumers who have bought payment protection insurance (PPI) with a single premium will benefit from a series of measures relating to the fairness and transparency of refunds agreed between the Financial Services Authority (FSA) and the PPI industry.
Capita announces £32m CMGL buy
Capita Group has acquired London market claims outsourcing specialist CMGL from Sovereign Capital Partners for £32m.
Aon aiming for US marine growth
Aon's marine team is planning to build its book of US business by appointing Paul White to a newly created role of head of the Americas liability team.
Regulatory risk tops survey of insurers and brokers
95% of insurers identified regulatory risk as the single biggest challenge facing them over the next two years - ahead of operational and financial risk. According to a survey by insurance accountant and consultant Moore Stephens 93% of responses from…
QBE launches nationwide recruitment programme
QBE has launched a nationwide recruitment programme to find and develop insurance leaders of the future.
Kiln to open $314.9m domicile in Bermuda
Lloyd's insurer Kiln is to form a new Bermudian-domiciled holding company for the Kiln Group and to ...
Can you recover IBNR liabilities from reinsurers?
Legal briefing
Reputation ain't what it used to be
Inside View
Swiss Re in legal entities restructure
Swiss Re has announced it is forming three legal entities in Luxembourg in an efficiency drive ahead...
London mutual to go live on 2 April
The London Authorities’ Mutual Limited is set to go live on 1 April.
PPI provider pleased at regulator stance on refunds
Yesterday's announcement by the Financial Services Authority that consumers will benefit from a series of measures relating to the fairness and transparency of refunds agreed between the FSA and the PPI industry has been warmly welcomed by PPI provider…