Regulation
FSA outlines PPI single premium refund measures
Consumers who have bought payment protection insurance 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 and the PPI industry.
Workplace bullying
Failing to keep a tight rein on workplace bullying can have a devastating impact on productivity and, more importantly, team morale. Jo Causon advises that having clear and concise policies in place is crucial
Pick of the Week
Anthony Gould, editor in chief of Post Magazine runs through this week’s major news including: FSA in...
Transparency inevitable
I have no doubt that most of us are in the process of constructing our responses to the European Uni...
Flood chain of causation not broken
Pearson Education v Charter Partnership (Court of Appeal - 21 February 2007)
FSA investigates offshore insurer solvency concerns
The Financial Services Authority has finally admitted it is concerned about the solvency levels of a...
Defection fear led to resignations
Directors at the Medical Defence Union refused to detail their salaries to members over fears this w...
Brokers slam category revamp
Brokers have branded regulator plans to categorise direct and intermediated sales differently as unf...
Solvency concerns FSA
After all the whispering and sniping about offshore insurers and the pros and cons of UK brokers usi...
FSA issues sternest goodwill warning yet
The city watchdog has informed around 600 brokers they must re-engineer their businesses or be found...
North of the Border: damages in fatal asbestos cases
Damages in Scottish fatal asbestos cases are increasing. Several recent developments make Scotland a...
FSA – Principles-based regulation - looking to the future!
In a recent speech by John Tiner, chief executive officer, FSA at the FSA Insurance Sector Conference, Mr.Tiner covered the followed points.
FSA frees up rules for unit-linked investments
The Financial Services Authority (FSA) has set out proposed changes to its ‘Permitted Links’ rules that govern which assets the £650 billion unit-linked insurance sector can invest in.
$5.7bn reinsurance deal completes Berkshire's Equitas buyout
Equitas has completed its reinsurance transaction with National Indemnity Company, a member of the Berkshire Hathaway group. As a result National Indemnity Company now reinsures all Equitas’ liabilities; provides a further $5.7 billion of reinsurance…
New head of national division for Heath Lambert
Harvie Carswell has joined Heath Lambert Group’s national division as head of the Group’s Swindon and London operations. Mr Carswell joins the Heath Lambert national team from Marsh, where he held a number of senior positions, most notably as head of the…
Genworth announces PPI deal with GMAC
Genworth Financial has signed an agreement with GMAC to be the exclusive provider of Payment Protection Insurance to GMAC’s customers in 15 European markets. Genworth was appointed following a competitive tender.
Budget 2007: a sticking plaster?
Gordon Brown has unveiled a budget that will act as a sticking plaster for large insurers but cause smaller brokers to suffer in the long term, according to Mazars.
CII lauds FSA touchstone
The Chartered Insurance Institute has welcomed regulator endorsement of its work to promote professi...
As an industry do we get what we ask for?
I recently attended a seminar on corporate buyers of insurance. They were interested in current mark...
FSA is slowly running out of goodwill
The Financial Services Authority's perceived offer to shift goodwill on a balance sheet to a new hol...
Reinsurers cough up for FSCS
Reinsurers are likely to be made to contribute to the Financial Services Compensation Scheme followi...
Appointment at CII Group
The Chartered Insurance Institute Group has appointed David Thomson to the new position of group dir...
World of opportunity
Business interruption: Future opportunities
Appointment at Amlin Bermuda
Amlin Bermuda has appointed Richard Holden as an underwriter. He joins from Wellington Underwriting,...