Regulation
NAIC task force launches broker disclosure action plan
The National Association of Insurance Commissioners (NAIC) has announced that it has wrapped up the first prong of its three-part action plan on broker disclosure at its Summer Meeting in Boston.
Aon and RSA in cargo scheme launch
A new cargo insurance website, GoCargoInsurance.com, has been launched to bridge the gap created after the introduction of new regulations from the Financial Services Authority.
Retail insurance set for further regulation says EU Commissioner
Charlie McCreevy, EU Commissioner for the internal market and services, has attempted to reassure the continent's insurers that no further tidal-waves of regulation were to be expected. He told a delegation of industry association representatives that …
Brussels confirms insurance probe
The European Commission has decided to launch sector inquiries in financial services in the European Union in the areas of retail banking and business insurance.
Scor to restructure non-life business
The Scor Group has announced that it is adapting its worldwide structures to its new business profile, which has now been stabilised.
BHSF secures high street contract
Allied Carpets’ 2,100 UK employees are to be provided with counselling and health initiatives by The Health Scheme at BHSF.
Run-off specialist aims for speedy closure
Omni Whittington has received approval from both the English and Singapore courts to seek creditors’ agreement to place Singapore-based Lion City Run-Off Private Limited (LCR) into a solvent scheme of arrangement to speed up settlement of its liabilities.
Know your agency: This month - Darwin Rhodes
Understanding the services and specialisms of recruitment consultants is important. Director of general insurance Kirsten Quarman gives the lowdown on Darwin Rhodes
Hard acts to follow
Political News Analysis
FSA dismissed as soft touch
The Financial Services Authority has been accused of lacking the teeth of its US equivalent, despite...
Confirmation from the Treasury
The Treasury this week confirmed that there was no reason to prevent the introduction of Limited Lia...
Getting to the heart of the risk
Risk Report
FSA whistle-blowers to get aid
The British Insurance Brokers' Association has launched a whistle-blowing service, as promised, for ...
New Indie scheme plan
The provisional liquidator of Independent Insurance has recovered £263m in assets and is planning a ...
Delayed Reinsurance Directive finally approved
The delayed Reinsurance Directive has finally been approved by the European Parliament, paving the w...
FSA green light for new insurer
Spanish insurance giant Mapfre will launch a Financial-Services-Authority-regulated insurer within t...
Trust and teamwork
Risk Report
New inducement guidelines close to FSA sign-off
Brokers are likely to receive guidance on accepting gifts and hospitality in the next fortnight. Th...
Regulation by proxy "an overreaction"
Regulation of the insurance industry has been an overreaction to a small problem, according to one c...
Equitas announces financial results
Equitas, which was set up to reinsure and run off the 1992 and prior years' non-life liabilities of ...
What the papers said this week
The Daily Telegraph A judge who heard two cases in a week, in which 'boy racers' caused serious inj...
HIBA hits out at Greek government
The Hellenic Insurance Brokers' Association, the Greek broker body, used the visit of European insur...
DIMA welcomes reinsurance directive
The Dublin International Insurance and Management Association (DIMA) has welcomed the vote in the European Parliament to approve the proposed Reinsurance Directive.
Reinsurance Directive gets yes vote
The delayed Reinsurance Directive has finally been approved by the European Parliament paving the way for a level regulaory playing field for companies operating across the continent.