Regulation
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...
Cancer cover code of practice due in spring
Private medical insurers will have to wait until next spring before they receive a code of practice ...
FSA mulls compulsory commission disclosure
The UK regulator has warned brokers that it will take stock over whether to make the disclosure of c...
Costs dispute over mediation
The Wethered Estate v Davies and others (Chancery Division - 15 July 2005)
Biba urges brokers to lobby FSA
Brokers are being urged by the British Insurance Brokers' Association to lobby the regulator, to hel...
Moody's lowers Transatlantic Re’s rating
Moody's Investors Service has lowered the insurance financial strength rating of Transatlantic Re to Aa3 from Aa2. The outlook for the rating is stable.
FSA highlights brokers' 'positive' approach to regulation
Many insurance brokers are adapting well to the introduction of statutory regulation, the British Insurance Brokers’ Association's (Biba) Scotland conference has been told. Andrew Honey, the Financial Services Authority’s (FSA) head of insurance, small…
FSA: begin planning for MiFID
The Financial Services Authority has moved to encourage senior management at regulated firms to begin preparing for the implementation of the European Union's Markets in Financial Instruments Directive (MiFID), which is likely to come into force on 1…
Moody’s looks at Swiss Re ratings after GE deal
Moody's has announced that it had placed the Aa2 insurance financial strength and senior debt ratings of Swiss Reinsurance Company as well as its' A1 subordinated debt rating on review for possible downgrade.
ABI backs new capital adequacy regime
Following the publication today of the Financial Services Authority's (FSA) Insurance Sector Briefing ('ICAS: one year on'), Peter Vipond, director of financial regulation and taxation at the Association of British Insurers (ABI) has backed the regulator…
FSA to probe conflicts of interest in London Market brokerages
The Financial Services Authority will be contacting the CEOs of London Market brokers "within the next couple of days" on the issue of conflicts of interest.
Compensation culture still hampering UK businesses, claims Aon
UK businesses and local authorities continue to be hampered by the costs of dealing with the UK’s compensation culture, and many of the causes of the problem are not being addressed by the Government’s new Compensation Bill, according to a survey by Aon.
VAT on outsourcing D-day announced
The pre-budget report statement will be made to the House of Commons by the Chancellor on Monday 5 December.
Get your house in order
The Financial Services Authority looks set to crack down on the assessment of training and competence in the near future. This means it is time for brokers to make sure they are up to speed in these areas, claims Ian Jerrum
EC review set to delay VAT bill
The UK insurance industry could be spared paying millions in additional VAT on outsourced services u...
Under the influence
Overseas Focus: Hong Kong
Around the world
With a portfolio accounting for one-quarter of the group's revenue, Royal and Sun Alliance's Simon Lee told Ralph Savage why the insurer is growing impatient with Indian politics
Compensation Bill set for amendments
The House of Lords' second reading of the Compensation Bill is likely to see numerous requests for a...
Too much information
Sarah Wilson, director of retail firms at the Financial Services Authority, insisted that brokers we...
Just two brokers 'wilfully acting illegally'
Just two brokers out of a possible 1700 were found by the regulator to be "wilfully acting illegally...