Regulation
FSA publishes latest newsletter for general insurance brokers
The Financial Services Authority (FSA) has published the latest newsletter for general insurance brokers which is available on its website at http://www.fsa.gov.uk/pubs/newsletters/gib_newsletter4.pdf
Odyssey Re CFO resigns
Odyssey Re Holdings has announced that executive vice president and chief financial officer Robert Giammarco is resigning from the Company, effective August 15, 2006, to pursue other interests. R. Scott Donovan will be appointed as executive vice…
BNP candidate appeal fails over dismissal
Redfearn v Serco (Court of Appeal - 25 May 2006)
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Reforms to impact insurers' reserves
Plans to change archaic laws governing coroners' inquests could have wide-ranging effects on insurer...
At breaking point
Last week's House of Lords' ruling in Majrowski v Guys and St Thomas' NHS Trust may leave insurers facing a new wave of bullying-related stress claims, warns Paul Coppin
Marsh ties-up RFU scheme
Royal and Sun Alliance has set up a scheme with the Rugby Football Union to provide insurance cover ...
Are insurers still risk-takers?
During induction sessions at Hiscox, I always ask "who wanted to be in insurance as a child?" No one...
DAS confirms Legal Services Bill intent
DAS has declared its intention to become a major player in the legal services market. The insurer -...
Infrassure ratings upgraded by AM Best
AM Best has upgraded the financial strength rating to A- (Excellent) from B++ (Very Good) of Infrassure (Switzerland) and assigned an issuer credit rating of “a-”. The outlook for both ratings is stable.
Process of giving financial advice: FSA says firms need to improve
The Financial Services Authority (FSA) conducted 'thematic' work to examine the process by which advice on investment products is given by firms to customers. The work has found many examples of good practice but, in an unacceptable number of firms, the…
FSA sets deadline for firms falling behind with 'treating customers fairly'
The Financial Services Authority (FSA) has today given firms that have failed to make satisfactory progress in integrating the 'Treating Customers Fairly' (TCF) principle into their business until March 2007 to demonstrate that they are taking the…
Fitch issues rating for SCOR’s subordinated debt issue
Fitch Ratings has assigned SCOR's proposed undated deeply subordinated debt issue an expected Long-term 'BBB-' (BBB minus) rating. The amount issued is expected to be of around €350m. SCOR is the mother company of the SCOR group.
FSCS declares 87 firms in default
The Financial Services Compensation Scheme has declared 87 investment firms in default. The FSCS revealed that consumers can claim up to £48,000 if they have lost money from one of the firms.
Offshore insurers are a risk to the industry
I am increasingly concerned at the number of offshore insurance providers entering the payment prote...
Which? joins campaign to end travel exemption
Consumer Group Which? has added its voice to the clamour calling for the end to travel agents' exemp...
Broker deal is only a start
Europ Assistance insists the claims unit it is opening for broker Citybond could be replicated for o...
CEA publishes provisional figures
CEA, the European insurance and reinsurance federation, has published provisional figures showing th...
Penny Black's insurance week
Fresh from another year's British Insurance Awards, Penny is starting to feel her age. However, she'...
CBG Group acquires ET Knagg
Manchester-based CBG Group has acquired broker ET Knagg for around £1.4m. ET Knagg, a commercial bro...
Liberty bosses not forced out
Liberty Syndicate Management has denied suggestions its managing director and underwriter were force...