Regulation
Ace increases Brandywine loss reserves
Insurer Ace has had to increase its gross loss reserves by approximately $200m (£101.93m) for its Br...
Pharmacist culpable for prescription
Horton v Evans and Lloyds Pharmacy (Queen's Bench Division - 10 November 2006)
Appointment at Barlow Lyde and Gilbert
Barlow Lyde and Gilbert has made Jon Yorke a partner. Formerly at Richards Butler, Mr Yorke has acte...
2007: the year of the...
As 2006 ends, two more insurers have become fully paid up members of the broker owners' club, with G...
In the mix
News Analysis: Law Commission Paper
Home shopping firm fined £270 000 for TPF breach
The Financial Services Authority has today fined Redcats (Brands) Limited £270,000 for failing to treat its customers fairly when selling payment protection insurance in connection with home shopping products. The regulator found that Redcats did not…
FSA censures vehicle financier over PPI failures
The Financial Services Authority has imposed a public censure on Eastern Western Motor Group Limited for failures relating to its sale of payment protection insurance in connection with vehicle finance agreements.
FSA issues Dear CEO letter on contract certainty
The Financial Services Authority (FSA) has issued a Dear CEO letter setting out its view of the progress made by the general insurance industry towards finding a solution to the issue of contract certainty.
FSA publishes its regulation Simplification Plan
The Financial Services Authority (FSA) has published its Simplification Plan that outlines how it has improved – and how it will continue to improve – the regulation of the financial services industry.
Windsor MBO delayed until New Year
Lloyd's broker Windsor has said its potential takeover by management will be concluded either way by the end of January.
Bermuda hikes registration fees 260% to pay for new BMA staff
The Bermuda Government has passed a bill increasing Bermuda Monetary Authority fees for banks, trusts and insurers to help fund 30 new globe-trotting regulators.
CII to have new look in 2007
Proposals to make the Chartered Insurance Institute more transparent, representative and inclusive h...
Pick of the Week
Anthony Gould, editor in chief, Post, runs through this week’s major news including a major new arson...
Insurer disappointed with drug trial inquiry
Chubb insurance has reacted with disappointment to the recommendations of a high-profile investigati...
IUA welcomes US reform
Efforts to reform US collateral rules have been welcomed by the International Underwriting Associati...
Experts hail government taxation decision
Experts have hailed the government's decision to abolish discounting provisions on general insurers'...
Report finds issue with VAT regime
A new report by the European Commission has concluded that the current VAT regime has a negative imp...
Mediation is a key tool
The time has come for the reinsurance industry to embrace mediation instead of constantly litigating...
Compulsory cover call rejected
The UK government is completely opposed to any idea of compulsory environmental insurance for busine...
FSA warns broker CEOs again
The Financial Services Authority has sent out another 'dear CEO' letter, saying brokers are still no...
Politics influenced blaze fight
The decision to fight the Buncefield blaze rather than let it burn itself out was ultimately based o...
IUA welcomes NAIC collateral vote
Efforts to reform US collateral rules have been welcomed by the International Underwriting Association (IUA).
FSA issues another warning over commission disclosure
The Financial Services Authority has sent out another 'dear CEO' letter on the subject of conflict of interest and commission disclosure following its own research into the area uncovered some non compliance.
Securah launches MPPI clinics
Securah is launching a series of MPPI clinics to help mortgage intermediaries increase sales of payment protection insurance.