Regulation
FSA client money vow
The Financial Services Authority has resurrected its campaign for brokers to closely follow client m...
FSA – Tackles crime in the Insurance Industry
Under the new system insurance firms and intermediaries are being called on to inform the Financial Services Authority (FSA) when they suspect criminal behaviour, so that the FSA can decide whether to investigate further. This may arise when an insurer…
FSA urges intermediaries to protect client money
The Financial Services Authority (FSA) said today that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked…
FSA tells general insurance intermediaries no excuse for failing to protect client money
The Financial Services Authority (FSA) has warned that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked…
Swiss Re to restructure legal entities
Swiss Re has announced it is forming three legal entities in Luxembourg in an efficiency drive ahead of European Union reforms of the reinsurance industry.
Skills Council launches Endorsement of Training and Competence Schemes consultation
The Financial Services Skills Council (FSSC) is launching a consultation to gauge the level of industry interest for an Endorsement of Training and Competence (T&C) Scheme.
No sex please, we're British
Sex trade
Reflecting on Japan
Overseas Focus: Japan
Repairing the past
Human Rights Abuse
Liability law changes are serious business
Articles on climate change and headlines on environmental issues caused by fires and spillages aboun...
Senior surgeon concern for re-branded diseases
The re-branding of 'old' diseases is bringing them back into the compensation arena, experts have wa...
What price a blackout?
Business Interruption: Installation Outage
Appointment at IAIS
The International Association of Insurance Supervisors has elected Michel Flamee as exec committee c...
What the papers said this week
Financial Times The concept of US-style class actions could be imported to Europe, under plans to s...
S&P: General insurance conditions to remain positive
The general insurance market in the UK is benefiting from stable economic growth, low inflation, very strong insurance supervision, and much improved enterprise risk management, according to a report published today.
Beazley profits soar
Lloyd's insurer Beazley has reported a profit before tax of £86.8m (2005: £16.1m) for the year ended 31 December 2006.
FSA – Simplifies T&C rules for retail business
The Financial Services Authority (FSA) last week set out proposals for a shorter and more outcome-focused Training and Competence (T&C) Sourcebook that will apply only to retail firms and business.
FSA introduces crime reporting system
The Financial Services Authority (FSA) has set up a reporting system designed to reduce the level of financial crime in the insurance industry.
Amlin produces vintage 06 performance
Amlin has announced record results for 2006 including a market-leading combined ratio of 72%. The insurer's figures reported to the stock exchange this morning, saw gross written premium up 12% to £1,113.8 million (2005: £993.5 million), a 10%…
FSA simplifies training and competence rules for retail business
The Financial Services Authority (FSA) has set out proposals for a shorter and more outcome-focused Training and Competence (T&C) Sourcebook that will apply only to retail firms and business.
Marsh sees Rumanian D&O boom
Changes to Romanian corporate law, making it compulsory for companies to purchase directors’ & officers’ liability insurance (D&O), are creating a surge in demand for cover according to Marsh, the world’s leading risk and insurance services firm. Romania…
Thomas, Carroll in Willis acquisition
One of Wales’ largest general insurance brokers and financial services companies – Thomas, Carroll Group – has announced its expansion into health and safety and employment law services by acquiring the senior management team from Willis Health and…
Lloyd's opens Malay operation
Lloyd's has announced the opening of a new subsidiary in Malaysia, Lloyd’s Labuan Limited.