Regulation

ABI warning over Compensation Bill

The Compensation Bill will only deliver full benefit if it is the first step in the reform of the UK’s compensation system, according to the Association of British Insurers.

Major overhaul of company law unveiled

Sweeping changes to simplify and improve company law were unveiled in the Company Law Reform Bill, published today. Deregulation is at the heart of the Bill, which contains proposals to save businesses up to £250 million a year - including £100 million…

Two more solvent schemes of arrangement sanctioned

Two new solvent schemes of arrangement were sanctioned on Friday 28 October by Mr Justice Evans-Lombe for La Mutuelle du Mans Assurance and Scottish Eagle Insurance. These are the first solvent schemes of arrangement with a material element of direct…

Leighton assumes FSA panel role

Roy Leighton today takes over as Chairman of the Financial Services Practitioner Panel at the FSA. He succeeds Jonathan Bloomer, who stands down and assumes the role of Deputy Chairman for one year. Mr Leighton is Chairman of Nymex Europe.

Quanta takes big 3Q hit and confirms property pullout

Bermudian (re)insurer, Quanta Capital Holdings, has reported that its net loss for the third quarter of 2005 was $59.1m and has conformed that it is withdrawing from property underwriting to concentrate on specialty lines. The hit to earnings compares to…

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