Regulation
Health checks reveal wholesale non-compliance
Insurers and brokers need to work together to help weed out Financial Services Authority non-complia...
London market seeks cut
London market insurers may be granted long-term permission to lower the level of gross liabilities t...
Broker: London terror attacks tripped up business
Brokerage Jardine Lloyd Thompson (JLT) has said the strategy of many businesses to keep up and running in the aftermath of an emergency proved flawed in the wake of the London suicide bombings. Companies failed to address the changing nature of risk and…
QBE acquires British Marine
QBE Insurance Group has signed an agreement to acquire the specialist marine insurer, British Marine Holdings.The acquisition is subject to regulatory approvals with completion expected to be before 31 December 2005.
Broking becoming 'distinct profession' within insurance
The Faculty of Insurance Broking is raising levels of performance among insurance brokers and helping distinguish them from other intermediaries. By pursuing technical excellence and the highest standards of ethical practice, it is creating a distinct…
FSA announces review of general insurance regulation
The Financial Services Authority (FSA) has announced it will conduct a review of the effectiveness of its general insurance regulatory regime.
NAIC assists Marsh settlement
More than 30 state insurance regulators in the US, working collaboratively through the National Association of Insurance Commissioners, (NAIC) have announced a multi-state regulatory settlement with the nation’s largest insurance broker, Marsh & McLennan…
IIB urges Westminster to fight Euro VAT directive
The government must take a “robust stand and do everything possible in its power", to secure an amendment to the Sixth Directive, which will charge VAT to insurance services. According to IIB Director General Andrew Paddick the Government has to find a…
Hardy may increase 2006 capacity after cancelling Lloyd's de-emption
Lloyd’s insurer Hardy Underwriting this morning gross written premium had increased to £65.58m (2004: £51.69m) for the first half of the year. Profits before tax increased to £7.66m (2004: £5.65m).
VAT threat: HM Revenue's view
Outsourcing: Hard Facts for a Soft Market
Setting targets is key to unlock insurer mediation
Setting targets for claims staff and panel lawyers is the key to unlocking mediation within an ...
Competition Commission: credit for credit
Following its 18-month investigation into the supply of consumer credit through store cards and asso...
Mediation is "here and here to stay"
Mediation is here and here to stay and the industry must adopt it and put internal policies in place...
CIS set for 48-hour walkout
Hundreds of employees at the Co-operative Insurance Society are set for a 48-hour walkout next week,...
Appointment at DLA Piper Rudnick Gray Cary
DLA Piper has appointed Helen Jenkinson to its insurance and risk solutions team. Ms Jenkinson joins...
Settlement: 90% success rate
The value of a settlement event should not be underestimated, especially when the client relationshi...
This year's CII graduates
CII Graduates 2004-2005
Quotes
"If I had one wish, it would be for insurers to get together in a non-competitive environment to sha...
DAS suspends senior managers
At least two senior staff members at a major legal expenses insurer have been suspended, Post Magazi...
EC flood directive concerns market
The Association of British Insurers has slammed a proposed European flood directive that it believes...
In like a shot
Arrow Visits
Lawyers will not escape claims firm crackdown
Thousands of claimant lawyers will be targeted in the upcoming Compensation Bill as the government ...
UK government set to outline insurance outsourcing strategy
The UK government will outline its thinking on the implementation of VAT on outsourced insurance services at Post Magazine’s conference – Outsourcing; hard facts for a soft market – on the 26 October in London.
Norwich Union launches online broker regulatory risk tool
Norwich Union has launched a new online tool to help avoid the threat of fines or being barred from doing business under the FSA’s rules regarding broker-insurer trading arrangements.