Regulation
Converium continues stabilisation in 3Q, confident of upgrade
Swiss reinsurer Converium has reported net income of $54.3m for the third quarter of 2006 on net premiums written which decreased by 5.1% to $410.5m compared with the same period of 2005
Powell Price & Co banned from trading
Herefordshire broker Powell Price & Company has been stripped of its permission to trade in general insurance because the Financial Services Authority believes it may not have been passing premiums onto underwriters.
ABI welcomes joint FSA/Treasury insurance plans
A discussion paper published today by HM Treasury and the FSA on the supervision of insurance groups, has met with support from the ABI.
Government promises more competitive regulatory structure
Economic Secretary to the Treasury, Ed Balls, and Financial Services Authority Chief Executive, John Tiner, today announced the UK's proposals to change the approach to insurance supervision which aims to minimise the administrative burden on insurance…
FSA bans ICM for practices which put consumers at risk
The Financial Services Authority (FSA) has cancelled ICM Group's permission to carry on regulated activities after it found that the firm had failed to pass on client premiums to insurers, leaving clients potentially uninsured. In addition, ICM had used…
FSA bans ICM Group
The Financial Services Authority today cancelled ICM Group's permission to carry on regulated activities after it found the firm had failed to pass on client premiums to insurers, leaving clients potentially uninsured. In addition, ICM had used client…
FSA bans broker
The Financial Services Authority has today banned Christopher Edward Whiteley from performing any function in relation to regulated activities after it found that Whiteley Insurance Consultants had left thousands of consumers without proper insurance…
CIC policyholders to be compensated
The High Court has approved the Financial Services Authority's application for the distribution of £655,000 to policyholders who bought insurance from CIC Insurance Company SA, an unauthorised insurance provider, through a UK-based intermediary called…
Chubb expands cyber offering
Chubb has this week responded to increasing concerns of cyber-crime and privacy invasion by expandin...
Considering the VAT options
VAT review update
EC date unconfirmed
Reports that the European Commission's competition inquiry into commercial insurance is to be releas...
Fresh ideas
Health insurance
Value for money
PPI market scrutiny
Appointment at Whittington Insurance Services
Whittington Insurance Services has appointed Harry Whitcher as a director. He is also compliance and...
Hiscox ups its Lloyd's capacity a further 5% for 2007
Hiscox has published an updated summary of its 2007 business forecast for Syndicate 33.
MBO of Belfor complete
The senior executives of the Belfor International Group, have announced a 75% majority share, management buy out of the entire worldwide Belfor company from its parent company Franz Haniel & Cie.
What the UK's insurance contract law reform will mean to you
The UK is re-writing the (re)insurance contract-law rule book. Kate Buttrey of Kendall Freeman explains why changes debated in (re)insurance law could revolutionise the way you do business
XL Re obtains approval for Dublin reinsurance move
Bermudian (re)insurer XL Capital has received approval for XL Re Europe Limited, its new Dublin-base...
Kiln assigned 'bbb' stable rating for $35m debt issue
AM Best has assigned a 'bbb' rating to the $35m floating-rate subordinated bonds, issued by Lloyd's ...
Rapid Chinese growth heightens quake risk
Rapid urbanisation and building construction have increased the exposure of people and property to e...
New reinsurance buyer at XL
David Duclos, chief operating officer for XL Capital's (XL) global insurance operations, XL Insuranc...
Hold or fold? - here's how to know
Bill Barbagallo of Navigant Consulting explains how to know when it is best to defend a claim to the hilt and when you should opt for a quick settlement
Compliance.co.uk makes new appointment
Professor David Jackman, the founding chief executive of the Skills Council for Financial Services and former head of Training & Competence, Industry Training and Business Ethics at the Financial Services Authority has joined Compliance.co.uk Limited.
FSA publishes radical proposals for move to principles-based regulation
The Financial Services Authority (FSA) has published its proposals for a radical simplification of the rules that firms must follow in carrying out investment business with customers.