Regulation
Brokers' support for FSA falls amid profit concerns
Brokers' animosity towards the regulator has doubled in the past 12 months, with more than half now ...
Role definition key for strong regime
The insurance industry called on the European Commission to provide clear definition of the role and...
EU insurers are warned over stifling regulations
European insurance supervisors have to make sure that under Solvency II the continent does not becom...
Manufacturing insurer makes industry unique
View from the Top
FSA audit exposure concerns
The industry compensation scheme could become exposed, following the Financial Services Authority's ...
Appointment at Medisure
Medisure has recruited Cath Applin as senior insurer case manager, where she will look after clinica...
Insurers face FTSE backlash over MCR
Post Magazine reports on last week's ABI Solvency II conference held at the QE2 centre in London
Aviva is a likely winner through diversification
Larger, more diversified companies will end up with lower capital requirements once the Solvency II ...
The claimant's view - Thompson predicts a colossal software disaster
Colossus of Rhodes was one of the Seven Wonders of the World but for all its imposing form, it had l...
Face of the future
Solvency II may not have to be implemented until 2010 but fundamental decisions on Solvency II will ...
ATE insurers fight for their future
After-the-event insurers are joining forces in a bid to stop a Court of Appeal judge slashing the pr...
EC director urges wider industry participation
Elemer Tertak, director of financial institutions directorate for the European Commission, urged the...
Tories woo insurers with tax promises
The Conservative Party has launched a charm offensive on the UK insurance industry, with London's Ci...
OFT probe could radically transform PPI industry
The Office of Fair Trading’s investigation into the £5.4bn payment protection insurance industry could radically transform the way in which key PPI players do business. Banks, credit card companies and insurers will need to be prepared for intense…
FSA in 'easy-to-use guidebook' pledge
The Financial Services Authority claims to have designed a personal guidebook for all financial firms containing only relevant information which works by answering ten questions about their business.
RAM Re files for $200m Nasdaq IPO
Ram Holdings, parent of Bermudian financial guarantee proportional reinsurer Ram Re, has filed for an IPO to raise approximately $200m.
Results delay may cause Goshawk share suspension
Goshawk, London-listed parent of Rosemont Re, the Bermudian reinsurer in run-off, has said that it shares are likely to be suspended temporarily next month due to delays in producing its 2005 year-end figures.
FSA and DTI mull audit exemptions for small brokers
The Financial Services Authority has issued a consultation paper about removing the statutory audit requirements under the Companies Act for small firms and Appointed Representatives (ARs). The regulator claimed this was a further move in its ongoing…
Stone Point swoops for Axa Re
French-based global insurer Axa has confirmed that Trident II (re)insurance venture capital fund manager Stone Point Capital has made a binding offer for its reinsurance arm, Axa Re. Should the deal go through the new company will be called Paris Re.
EC to launch public consultation into motor insurance
The European Commission has launched a public online consultation on two issues related to motor insurance – the effectiveness of claims representatives in settling claims, and insurance cover for legal expenses.
Regulation threatens broker profits, says Mazars survey
Regulation fails to benefit clients and threatens profitability, brokers have said in accountancy Mazars' 2006 survey of the industry.
Lloyd's reports £103m loss for 2005
Lloyd's this morning reported a loss of £103m for 2005 (2004: £1367m) and a deterioration in the market's combined ratio to 111.8% (2004: 96.6%).
Many unhappy returns
Comment: Product Recall
Appointment at London and European
Gilles Avenel has become chairman of London and European.Mr Avenel was appointed as a non-executive ...