Regulation

Possible movement ahead on US asbestos bill

The new head of the Senate Judiciary Committee, Senator Arlen Specter, has announced that he intends to hold a hearing on the stalled US asbestos compensation bill to see if a way can be found to get it moving again.

AM Best confirms Singapore Re ratings

AM Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” (ICR) of Singapore Reinsurance. The outlook on both ratings is stable.

Asian tsunami; Swiss Re estimates

Swiss Re has announced that it expects its claims from the tsunami that hit Asia on 26 December 2004 to be below CHF100m (£46m). The devastation caused in the aftermath of the natural disaster has already seen an estimated 150 000 lives lost, with this…

ABI announces details of 2005 conference

The second Association of British Insurers' (ABI) insurance industry conference, entitled Building a Stronger Future - Creating Security in a Risky World, will take place on March 9th 2005, at the QE II Conference Centre in Westminster.

Treasury u-turn on insurance authorisation

Insurance law firm Reynolds Porter Chamberlain has called the Treasury’s decision to grant interim permission to businesses to sell or advise on the sale of insurance products a dramatic policy u-turn.

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