Regulation
PPI market gets blasted on two fronts
A two-year investigation into payment protection insurance market is set begin early next year, foll...
RSA targets talent with academy launch
Royal and Sun Alliance last week launched a platform to drive product innovation, establish best pra...
Why London?
Market competition
FSA holds off change
The Financial Services Authority has revealed that it will not introduce "fundamental change" to the...
Solvency II could hit profits
Richard Burden, insurance analyst at Goldman Sachs, said he believed insurers' profits could be hit ...
Former adjuster trio in legal battle over bonus
A trio of ex-GAB Robins senior managers has issued a legal challenge against the loss adjuster, Post...
Appointment at Ecclesiastical
Michael Tripp has been made group chief executive by Ecclesiastical. Mr Tripp will officially assume...
Liability: major strategic shift
Management Briefing +
Close appointment to lead Irish charge
Close Premium Finance has appointed Stuart Reid to spearhead the continued growth of its Irish business.
Howden in SME wholesale launch
Howden, the broking arm of the Hyperion Insurance Group, has announced the launch of Howden Special Risks, a global wholesale broking division for small and medium sized brokers.
Fitch plans to upgrade Lloyd’s rating
Fitch has revealed it is likely to upgrade Lloyd’s rating one notch once phase one of the Berkshire Hathaway and Equitas deal is complete.
Lloyd's welcomes landmark Equitas deal
Lloyd’s today welcomed the announcement of a transaction between Equitas and Berkshire Hathaway Inc. Once completed this will end the residual legal liabilities of Lloyd’s and bring finality to Names reinsured by Equitas.
Alexander Forbes non UK arm receives bid offer
A consortium of private equity investors is attempting to buy the non UK arm of Alexander Forbes.
ABI responds to FSA investigation
Improvements to payment protection insurance are giving customers a better deal the Association of British Insurers said today.
FSA report condemns PPI sales tactics
Payment protection insurance sellers are still failing to treat their customers fairly, an FSA review has concluded.
Some PPI sellers still not treating customers fairly says FSA report
Some firms selling payment protection insurance (PPI) are still failing to treat their customers fairly, an Financial Services Authority (FSA) review has concluded.
FSA U-turn could signal relaxation
A government turnaround this week on regulating cargo companies the same way as insurance brokers co...
The challenge of being green
Liability Report
What the papers said this week
The Daily Telegraph Motor insurer Admiral was driven to an all-time high, aided further by a bull...
XL gets approval for Dublin reinsurance move
Bermudian (re)insurer XL Capital has received approval for XL Re Europe, its new Dublin-based European reinsurance platform.
Small companies offered regulatory olive branch
Trade and Industry Minister Jim Fitzpatrick has laid regulations that could save small financial services companies some £15.25m a year in total.
New reinsurance buyer at XL Insurance
David Duclos, chief operating officer for XL Capital’s ("XL") global insurance operations ("XL Insurance"), has announced the appointment of Robert Andrews as head of its global ceded reinsurance operations.
FSA speech - In search of efficient, orderly and fair markets
In a recent speech to the Insurance Institute of London, John Tiner, chief executive, Financial Services Authourity (FSA), recognised the efforts of the market to raise standards, which in turn will help to ensure that London will remain the platform of…