Regulation
UK to benefit from directive, says PwC boss
London Market News
By the book
Age discrimination
LUC-styled centre to open
Glasgow's self-styled version of the London Underwriting Centre is set to open in the city centre ne...
Body concerned over tight deadline
The body representing run-off insurers has welcomed a government invitation to consult on new legisl...
Noise claims rise predicted for 2010
Employers' liability insurers will see a sharp rise in industrial deafness claims in 2010, unless ne...
ABI responds to FSA proposed amendment to the definition of a pure protection contract
Following recent FSA proposals for change on the current age restrictions on life and protection insurance (CP 06/13), the Association of British Insurers (ABI) have published its response which supports making it easier for people over aged 70 (or who…
Reinsurers' financial strength at five-year low
Financial strength in the global reinsurance sector has declined over the past five years to the point that, when taken on a stand-alone basis, no reinsurer is currently rated higher than 'AA-'.
Regulator gives just four weeks for FSCS rule change discussion
The Financial Services Authority has published a consultation paper seeking views on proposed changes to the Financial Services Compensation Scheme (FSCS). However, the regulator has expressed a need for 'urgency' and has limited the process to four…
FSA publish paper on their changes to the Risk Assessment Framework
The Financial Services Authourity (FSA) has issued a paper setting out some important changes they have made to ARROW as part of their continuing programme of making the FSA easier to do business with.
All Blacks star confirmed for CII conference speech
New Zealand’s All Blacks star Sean Fitzpatrick is to be the guest speaker at the CII conference gala dinner in October.
FSA slaps £250k fine on Carphone Warehouse for TCF violation
The Financial Services Authority has fined The Carphone Warehouse £245,000 for not treating its customers fairly following telephone sales of general insurance and for failing to inform the regulator in a timely manner of significant systems failures…
Tax breaks may breach EU law
Lord Levene's plea to Chancellor Gordon Brown for more lenient tax treatments for insurers could res...
Cassidy Davis launches web-based application process
Specialist insurer Cassidy Davis has launched a web-based application process for mortgage lenders a...
Draft report published by the EC
The draft report into the validity and adequacy of brokers' professional indemnity insurance has bee...
FSA bans bad practice director
The Financial Services Authority has banned a west-Midlands-based broker for using thousands of poun...
Equitas' management deserves plaudits
Equitas' management deserves plaudits for having maintained its solvency at its 10th anniversary, ac...
Asbestos rules switch will reduce claims costs
I read with some interest David Croston's letter regarding the Health and Safety Commission's recomm...
In-depth review planned
The Law Commission has promised a wide scope for its review of insurance contract law. Responses to...
Medical indemnity debate needed
I would like to comment on the article about the Medical Defence Union in the 31 August edition of P...
We must dive in to the talent pool
It's September and most of this year's crop of graduates and school leavers will soon be starting th...
FSA criticises "erroneous" campaign
A non-executive director at the Financial Services Authority has referred a broking software house t...
FSA fines broker over PPI sales
The Financial Services Authority has today fined Regency Mortgage Corporation £56,000 for failures relating to its sale of mortgage related payment protection insurance in the sub prime market. It is the first time the FSA has taken action against a firm…
Marsh survey claims EU law awareness low in E Europe
A major survey of 1,200 companies carried out by Marsh has revealed that 80% of companies operating in Central and Eastern European countries consider their overall awareness of EU legislation to be at a low or medium level despite the fact that 85% of…
FSA bans Walsall Bridge Insurance for failing to insure consumers
The Financial Services Authority (FSA) today stripped Walsall Bridge Insurance Consultants Limited of its permission to carry on regulated activities after it found the firm had failed to pass on received client premiums to insurers, leaving clients…