Regulation
Fraud Focus
A recent Financial Services Authority report highlights industry fraud concerns, says Jamie Taylor
Code in the hole
Risk Report
Prettejohn: FSA Conduct of Business must change
Nick Prettejohn has demanded that the regulator "change its Conduct of Business regime" to deal effe...
Moody’s downbeat over German life industry
The overall rating outlook for the German life insurance industry remains negative due to ongoing earnings pressure and a series of strategic challenges, according to Moody's Investors Service in its new Industry Outlook on the sector.
Prettejohn: call for mandatory disclosure
Nick Prettejohn, chief executive of Lloyd's made an impassioned plea during a speech at the Insurance Institute of London on the importance of disclosure and contract certainty.
Aon report looks at risks ahead in 2005
The impact of climate change and a growing raft of environmental legislation are set to be two of the fastest growing risks to UK businesses according to Aon’s 2005 Risk Report.
Willis releases D&O report
The start of 2004 was a testing time for the global D&O market, according to a new report by Willis.
Coversure Claim Complinet Compliance Crown
Coversure Insurance Services have won the Most Cost Effective Compliance Technology Provider category at the inaugural Complinet Compliance Industry awards.
In the dock
News Comment
Government warned over Gateway plans
Long-term insurance provision for new developments in the Thames Gateway could be compromised if the...
Brokers in "extinction' warning
Broking services company Ten Insurance Services officially launched this week after revealing its pl...
Aon chosen by Prudential to provide brokerage services
Aon's specialist professional risks division has been chosen by Prudential to provide brokerage serv...
Poor underwriting mars drug sector
Insurers must adopt more disciplined underwriting methods for pharmaceutical cover or risk jeopardis...
FSA confirms broker compensation costs
Brokers' annual regulation costs are likely to mirror their stub fees on a pro-rata basis, the Finan...
FSA reviews rules in light of Spitzer
The Financial Services Authority has urged stakeholders to help it finalise rules on inducements and...
FSA transfer rules reflect the DMD
With regards to the issue of block transfers ('NU attacks FSA over rules', PM, 20 January, p1), the ...
Customers should be able to walk away
I fail to understand why customers who are unhappy with a block transfer should not have the right t...
Pre-trail demands proper preparation
DN v London Borough of Greenwich (Court of Appeal - 8 December 2004)
Play for today
Regulatory Focus
Barclays names non-life as target
Barclays Bank is actively targeting the non-life run-off sector for investment opportunities in 2005...
Tiner details scope of enforcement review
John Tiner, chief executive of the Financial Services Authority, has announced the scope, form and timing of the promised review of the FSA's enforcement processes. The review will be led by David Strachan, FSA director of retail firms and sector leader…
Haddrill handed top job at ABI
The Association of British Insurers today announced the appointment of Stephen Haddrill as director general in succession to Mary Francis. He will take up his position on 3 May 2005.
Lambourne launches Lloyd's broker run-off service
Lambourn Insurance Services has launched a new broker run-off and replacement service, following its successful application to Lloyd’s for approval to administer run-off business. The service, facilitated by Broker Number LAM 1122, will be officially…
Biba backs FSA over inducement guidance
The British Insurance Brokers’ Association has congratulated the Financial Services Authority after it issued a guidance paper clarifying their approach to conflict management, and in particular the unfair inducements rule.