Regulation
FSA apologises over CILA terrorism snub
The Financial Services Authority has apologised for its 'oversight' in not inviting a key industry a...
EU reinsurance directive approved
EU reinsurance directive
The next stop is Vietnam
Country profile: Vietnam
Ratings thumbs-up for Bermudian reinsurer New Castle Re
AM Best has assigned a financial strength rating (FSR) of A- (Excellent) and an issuer credit rating...
The four most important legal developments of 2005
The year 2005 was undoubtedly an annus horribilis for the insurance industry. However, away from the...
US reviews national catastrophe insurance
US Catastrophe insurance summit
APRA paper discusses standards reforms
General insurance reform proposals
O’Hara puts brave face on WI setback and reveals “significant” equity funding plans
President and CEO of Bermudian (re)insurer XL Brian O'Hara, has described the draft Actuary’s report in connection with the Company's acquisition of Winterthur International (WI) 2001 as “disappointing” whilst outlining and XL's planned capital…
Fitch affirms XL Capital ratings
Fitch Ratings has affirmed the ratings of XL Capital (XL) and its property/casualty (re)insurance subsidiaries, including the 'A-(A minus)' Long-term issuer rating for XL, and the 'AA-(AA Minus)' Insurer Financial Strength ("IFS") rating of lead (re…
The Chairman's view on Lloyd's year
Chairman of Lloyd’s, Lord Levene gave his assessment of Lloyd’s year in front of a full house in the Old Library at Lloyd’s today. He commended the London market for dealing admirably with the losses from three of the worst hurricanes on record…
FSA Dear CEO letter - conflicts of interest
To read the Financial Services Authority's letter sent out earlier this week addressing the issue of conflicts of interest simply click on this link: http://www.fsa.gov.uk/pubs/ceo/conflicts_18nov05.pdf
XL to take $830m Q4 loss from Winterthur dispute
XL Capital Ltd has announced that it could receive only $575m net from Winterthur as compensation for adverse developments occurring after its 2001 purchase of the Swiss firm’s International business units.
FSSC and FSA unite to develop standards
The Financial Services Skills Council has revealed that it plans to work with the Financial Services...
Cass makes Aon director a visiting professor
Cass Business School has appointed Aon's Alan Punter as a visiting professor for insurance and risk ...
Appointment at Corpore
Michael McKenna has joined injury management and vocational rehabilitation specialist Corpore as an ...
Practice consensus needed
After attending the excellently produced and well-attended Post Magazine's Question Time (see separa...
The London market must defend its heritage
London is still the major centre for internationally traded insurance and reinsurance, but for how l...
FSA threats should be taken seriously
The Financial Services Authority still has concerns over how conflicts of interest are managed in th...
David Matcham to attend NAIC's winter meeting
David Matcham, the chief executive of the International Underwriting Association, will attend the Na...
New laws could mean no cover
Restaurants and takeaways may find their insurance invalidated from today because they failed or did...
Euro 'Spitzer' inquiry on hold
European Union Competition Commissioner Neelie Kroes has agreed to delay the inquiry into the operat...
ABI talk failed to hit the target
Having seen the Association of British Insurers' director-general, Stephen Haddrill, give a speech a...
Resentment over AMCs
The Vehicle Builders and Repairers Association is, as (MVRA chief executive) Mike Monaghan suggests,...
Regulation loophole for offshore CMCs
Government steps to police claims management companies could be under threat, after the likely regul...