Regulation
UK's largest insurer adds voice to VAT on outsourcing debate
Norwich Union's parent Aviva today welcomed the publication of ‘The Study to Increase the Understanding of the Economic Effects of the VAT Exemption for Financial and Insurance Services’, by the European Commission. The Study was produced by…
Brit launches charity protection indemnity policy
Brit Insurance has launched a new charity protection indemnity policy, expanding its suite of Directors’ and Officers’ products.
Lords block insurer's Flora v Wakom appeal
The House of Lords Appeals Committee has refused Allianz Cornhill leave to appeal in the Flora V Wakom action.
UK P&I Club launches London-based mutual
To enable certain UK P&I Club Members to meet their local European regulatory requirements, a new London-based mutual association, will be underwriting P&I risks from 20th February 2007.
Axis appoints ex-Bank of England exec to board
Bermudian (re)insurer Axis announced that it has appointed Sir Andrew Large to its Board as an independent director. Sir Andrew Large will serve as a Class I Director and will serve on the Board until 2009.
Endurance adds to claims team
Endurance has further strengthened its claims proposition with the promotion of Alan Barlow to senior vice president, claims director, and the recruitment of Margaret Sawyer to the position of UK claims leader of the UK & International direct property…
DTI launches workplace disputes review
DTI Secretary of State Alistair Darling has launched what the government described as "a root and branch review" of Government support for resolving disputes in the workplace.
Lost clause?
Legal analysis: Reinsurance clauses
Fraud Focus: New Law and more on the way
November saw a flurry of legislative activity - the majority of which was focused on crime and secur...
How level is the FSA playing field?
In a speech at the beginning of October, John Tiner, chief executive of the Financial Services Autho...
Same facts fail to work in subsequent county claim
Troquet v Nicolas UK (Kingston-upon-Thames County Court - 27 September 2006)
North of the Border: Is forum shopping on the rise?
Recent changes by the Scottish parliament will result in even greater increases in damages awards in...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...
PTA may be scrapped
Pension term assurance (PTA) looks set to be scrapped from 1 April next year, the Pre-Budget Report has revealed.
FSA – Response to Practitioner Panel Report
The Financial Services Authority (FSA) last week responded to the latest survey of regulated firms by the independent Financial Services Practitioner Panel.
ABI dissatisfied with Pre-budget plans on GI tax treatments
The Association of British Insurers has said more discussions are required with the Treasury over plans to change the tax treatment of general insurers' reserves.
Catlin to promote "affordable" terrorism cover
Catlin Insurance Company Bermuda has developed an insurance and reinsurance product it said will provide affordable coverage for acts of nuclear, chemical, biological or radiological terrorism.
Heritage underwriting director joins from Lloyd's Japan
Heritage Underwriting Agency has appointed James Sardeson as Underwriting Director. Mr Sardeson will join the group's board and he will also become a member of the group executive.
How to lift the façade of underwriting results
Eamonn McMurrough explains how to spot the difference between puff and hard numbers when looking at reinsurance company results
Converium third quarter still stable; upgrade expected
Swiss reinsurer Converium has reported a net income of $54.3m for the third quarter of 2006 on net p...
Learn from your basic mistakes
Tony Boobier of Marshall & Swift/Boeckh (MSB) explains how some of the simplest problems can strike at the heart of our industry if they are allowed to accumulate unchecked
Sheer alpine awesomeness
Switzerland
Insurers must improve risk management frameworks: FSA
The insurance industry’s management of risk has progressed substantially over recent years, but firms still need to further improve the effectiveness of their risk management frameworks.
Wholesale practitioners generally content with FSA performance but retail firms see little sign of improvement
Financial services firms' satisfaction with the work of the Financial Services Authority (FSA) has shown little sign of overall improvement over the past two years, according to the fourth biennial survey of the regulator's performance by the Financial…