Regulation

FSA bans broker from trading

The Financial Services Authority 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 uninsured,…

Hiscox plans sidecar reinsurer

Hiscox announced today that in order to take advantage of expected underwriting conditions, Hiscox Syndicate 33, which it manages and in which it has a 72.5% participation, is in discussions which could lead to the creation of a new reinsurer which will…

How do you square the triangle?

Will changes to the existing practices for setting claims reserves lead to more accurate estimates? Ask Dmitri Subotsky and Julia Mazur, associates at JLT Re

Run-off takes off

It's been the graveyard sector of the industry for some time. Now, suddenly, interest in the administration of discontinued books of business is gathering momentum. Philip Grant reports

Victory VII

Two court breakthroughs - one in the UK, one in the US - have greatly boosted the potential of a powerful new mechanism for shifting liabilities out of companies in run-off. Scot Ramsay reports

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