Regulation
Outsourced operations facing VAT timebomb
Insurance companies who outsource part or all of their back office operations could be faced with a substantial tax bill, if an advisory opinion given yesterday (12 Jan 2005) to the European Court of Justice is upheld.
CEA regrets lack of EU harmonisation on 5th motor directive
On 12 January, the European Parliament voted (in a second reading) in favour of the draft 5th motor liability directive. This outcome was supported by the EU Member States the same day and is now pending its formal adoption by the EU Council.
Europe overtakes US for new outsourcing contracts
Europe has overtaken the US as the world’s leading market for new outsourcing contracts, according to the latest Quarterly Index from TPI, the international sourcing advisory firm.
Leasehold Reform Act bans nominated insurance notes
Labour MP David Crausby welcomed changes in the law due to be enacted on Feb 28 banning landlords from dictating insurance requirements to leaseholders.
CII deal widens footprint by 2000
The Chartered Insurance Institute will this year introduce online examinations at more than 2000 cen...
Resolving the matter
City Disputes
NU: FSA will clear up mis-selling grey area
Financial Services Authority regulation could end the mis-selling of payment protection insurance, i...
Holding firm on prices?
Roundtable: Underwriting Cycle
Airmic makes transparency vow
The Association of Insurance and Risk Managers is launching a series of roadshows to tackle the issu...
ABI to carry out spring checks
Insurers have been praised for their prompt response in eradicating intrusive questions that discrim...
General optimism
GI Day Focus: Ombudsman View
Regulation costs for 2005-2006 period to be set in May
Brokers will have to wait until the summer to discover the annual cost of regulation, despite the Fi...
Come the day, come the resolution?
And so General Insurance Day is upon us. After literally scores of roadshows, heaps of advice and re...
Ringing the changes
Product Liability
Chubb after more country licences
Chubb is looking to expand its business in central and eastern Europe after it was granted licences ...
Killing bill delayed once more
Doubts have been expressed over whether the government will ever introduce a corporate killing bill,...
Cold comfort
Periodical Payments
Results
Barometer News
Trading places
GI Day Focus: Regulator View
New York appeal court reverses access decision
A case cited in the January issue of Reinsurance Magazine has been reversed on appeal. In Gulf Insurance Co. v. Transatlantic Reinsurance Co., No. 601602/03 (N.Y. Sup. Ct. May 21, 2004), the Supreme Court of the State of New York, the state's trial-level…
Former XL Capital executive joins Q Know
Information management software provider Q.Know Technologies has announced that Nicholas Brown has joined its board of directors.
Axa keeps Seachlight Solutions for third year
Axa has formally retained insurance training specialist Searchlight Solutions for a third year to provide training to its partner brokers through its local training clubs initiative.
Insurance industry unready for FSA regulations, claims survey
On January 14 2005, new Financial Services Authority (FSA) regulations governing the general insurance industry come into effect. However, 96% of senior management within the industry believe “many firms” will not be compliant in time for the deadline,…
FSA urges final applications
The FSA today revealed its latest figures on the authorisation of general insurance intermediaries, and urged firms wanting to continue to do business after 14 January to apply now.