Regulation
Effective management is vital
Combined onshore and offshore development is a growing trend but many organisations have struggled t...
MDU faces membership ban
The Medical Defence Union's problems have intensified, after the Irish government threatened to ban ...
Amicus Legal Expenses dispute to be resolved
The outcome of a legal dispute between Amicus Legal Expenses and its former medical supplier, IMS Li...
Admissions issue confuses
Stoke-on-Trent City Council v Walley, (Court of Appeal - 31 July 2006)
Appointment at MMA Insurance
MMA Insurance has made Paul Hodgson head of underwriting. Previously with Royal and Sun Alliance, Mr...
Vive le difference
France
FSA issues alert on illegal motor broker
The Financial Services Authority has issued a consumer alert regarding a North London broker, which claimed to be selling Zurich motor policies without authorisation. The regulator is urging consumers that have bought motor insurance from a company…
FSA deliver speech on 'Are we heading towards over regulation?'
John Tiner, chief executive of the Financial Services Authourity (FSA) delivered a speech to the Rendez Vous de Septembre, Monte Carlo conference on 12 September 2006. Mr Tiner’s speech covered the debate on “are we heading towards over regulation?”.
Munich re wins Malaysian ReTakaful licence
Munich Re has become the first foreign reinsurer to be granted a composite license to conduct ReTakaful business from Malaysia
Cardif Pinnacle To Hold Regulatory Seminar
Last March, Cardif Pinnacle held a Regulatory Seminar for clients, entitled "The PPI Challenge", which covered key regulatory issues affecting the payment protection industry. The event was such a success that a follow up seminar has been organised for…
Principles-based regulation in action: FSA publishes principles for insurer capital adequacy
The Financial Services Authority (FSA) has today published a set of principles that will help firms determine their capital adequacy under the new principles-based approach to regulation.
FSA publishes disclosure web tool to help general insurance firms
The Financial Services Authority (FSA) has launched a 'Build your own disclosure documents' tool to help general insurance firms comply with its disclosure rules. The free online tool will help provide companies with a template based on their…
Chaucer hires Swiss Re team for engineering account
Chaucer Syndicates, the managing agency arm of Chaucer Holdings, has recruited a team to underwrite an engineering account on behalf of the property division of syndicate 1084.
DCA selects Staffordshire as its CMC intelligence gatherer
Staffordshire county council trading standards will run the monitoring and compliance unit for the regulation of claims management services.
Platinum ups loan facility by $200m
Bermudian reinsurer Platinum underwriters has announced that it has replaced an existing $200m credit agreement with a $400m facility with a syndicate of lenders.
Quanta appoints new CEO, outlines Lloyd’s and run-off plans
Troubled Bermuda and Lloyd's (re)insurer Quanta Capital Holdings has named Peter Johnson to be its new president and CEO and has outlined strategic decisions concerning the handling of its run-off, ongoing Lloyd’s operations as well as the sale of its…
Novae profits fall in first half
Underlying profit before tax at the newly re-named Novae group fell in the first half of 2006, the company's interim report said today. In its statement to the stock exchange, the firm said excluding professional costs incurred in the scheme of…
Quinn Direct gets a rating
Quinn Direct Insurance has been assigned a rating by Moody's Investors Service.
New service for Tropical Storm Risk
London Market News
Eyes wide open
Property Report
FSA plays by the book to reinforce TCF message
Not a single one of the 174,000 customers who were treated 'unfairly' by The Carphone Warehouse made...
In a ruck
Rugby injuries
Bright lights, big city
IUMI Preview
What the papers said this week
The Sunday Times Swiss Re is understood to have offered to buy the closed life fund business of Pru...