Regulation

FSA rejects external ombudsman appeals procedure

The Financial Services Authority and the Financial Ombudsman Service have rejected the idea of an external appeals procedure. The announcement was made with the published updated procedures for handling complaints to the ombudsman service today.

Scor returns to profit

Troubled French reinsurer Scor has announced that it made a return to profit in 2004 following several years of losses.

Fitch upgrades SCOR

Fitch Ratings has upgraded SCOR group of companies to Insurer Financial Strength (IFS) 'BBB' from 'BB+'. The rating outlook remains stable.

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