Regulation
The English High Court upholds challenge
The English High Court has upheld a challenge to the voting process for solvent schemes of arrangeme...
Group against claims limit increase
The Legal Expenses Insurance Group has added its voice to the lobby against increasing the small cla...
Crawford and Company announces two senior appointments
Loss adjuster Crawford and Company has announced two senior appointments within its global technical...
Riker to set up London office
US law firm Riker Danzig Scherer Hyland and Perretti has announced that its affiliate, Riker Danzig ...
Risk should be kept simple
This week's Association of Insurance and Risk Managers Conference spelt out a simple message: 'keep ...
Tipping the scales
Predictable Costs Scheme
S&P affirms Axa rating following Winterthur purchase
Standard & Poor's Ratings Services has affirmed the ratings on Axa and all of its core subsidiaries and revised the outlook to stable from positive, after the group said it will buy Credit Suisse Group unit Winterthur Swiss Insurance.
S&P downgrades Swiss Re, Fitch maintains watch negative
Standard & Poor's Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Swiss Re and its core entities to 'AA-' from 'AA'. Fellow rating agency Fitch has also maintained its negative stance on the giant…
IIB calls for evaluation of product-based FSCS levy
The Institute of Insurance Brokers has called upon the Financial Services Authority to include a product-based Financial Services Compensation scheme levy in its forthcoming consultation paper.
Crawfords hires two for global technical services
Loss adjuster Crawford & Company has announced two new senior appointments within its global technical services division.
$5bn Axa bid talk gets tongues wagging
Speculation over the weekend that Axa is about to launch a £5bn bid for Swiss group Winterthur met with a sceptical response from one analyst this morning. Keefe, Bruyette and Woods' William Hawkins issued a statement, claiming it was 'not unusual' for…
Financial Services Compensation Scheme
For IFAs and Insurance Brokers the FSCS is a totally illogical and punitive financial imposition, because they cannot pass on the cost of levies to the point of sale – unlike the product providers who factor these costs into product/premium pricing. For…
Financial Services Compensation Scheme Funding Review
For IFAs and Insurance Brokers the FSCS is a totally illogical and punitive financial imposition, because they cannot pass on the cost of levies to the point of sale – unlike the product providers who factor these costs into product/premium pricing. For…
High court upholds process for solvent schemes of arrangement
The English High Court has upheld a challenge to the voting process for solvent Schemes of Arrangement proposed by a group of 16 insurance companies that underwrote insurance and reinsurance business in pooling arrangements known as the WFUM Pools. In…
Marsh expands Scottish team
Broking giant Marsh has expanded in Scotland with the appointment of 17 new recruits across its Glasgow, Edinburgh, Dundee and Aberdeen offices.
Minimal rating changes as S&P updates terrorism evaluation process
Standard & Poor's Ratings Services has announced it is enhancing its process for evaluating the terrorism exposure of interactively rated insurers and reinsurers. The updated process is partly a response to the increased insurance retentions under the…
Levene calls on Government to 'back a winner'
Lord Levene, chairman of Lloyd's has called for greater support from government for the City of London and the insurance industry. The cross-bench peer bemoaned the lack of tax incentives for businesses in the UK, which he said were forcing insurers to…
Underwriting Association members begin pilot project
Seven members of the International Underwriting Association have begun a pilot project to test a new...
FSA says compensation limits will remain the same
The compensation and eligibility limits for the Financial Services Compensation Scheme and for the c...
Lobby group fights back
The legal expenses market is fighting back against potential restrictions to its income, by forming ...
Safe and sound
Risk Report
A game of risk
Risk Report
Mediation increase expected
The use of mediation by insurers is expected to rise after a change to a legal protocol encouraged c...
What the papers said this week
THE TIMES - Aviva has won two large corporate insurance contracts in Russia and is on track to beco...