Regulation
Cup winner
Scott Gallagher of DA Constable Syndicate 386 won the Andrew Clark Memorial Cup for achieving the be...
FSA 'could help vet for fraud'
The Financial Services Authority's proposed product risk framework for general insurance could be us...
New Agnew Higgins chair to fuel niche growth
Specialist energy intermediary Agnew Higgins Pickering and Company is aiming to expand further into ...
FSA becoming impatient with secondary sector
The Financial Services Authority appears to be losing patience with the secondary intermediary secto...
Periodical payments: reserves warning
General insurers have been warned that the reserves associated with the imposition of periodical pay...
Rules of the sea
Marine
Three-year warning over claims farmers
Insurers have been warned that they could face an unregulated claims management sector for another t...
UK liability market 2003: final figures
Liability Tables
Will CSC win approval?
The government last week repeated its threat to the claims management sector that if it did not mana...
Airmic meets Biba over Spitzer
The Association of Insurance and Risk Managers has refused to back down over demands for a Financial...
NAIC task force releases draft model legislation
NAIC’s newly formed Executive Task Force on Broker Activities has released draft model legislation that would implement new disclosure requirements designed to ensure consumers are provided the information necessary to understand the manner in which…
Rims testifies to Senate over Spitzer
Janice Ochenkowski, the US Risk and Insurance Management Society's vice president – external affairs and senior vice president of Jones Lang Lasalle, testified today before the Senate’s Governmental Affairs Subcommittee on Financial Management, the…
CIAB attacks ‘misguided’ perception of brokers
The Council of Insurance Agents & Brokers has said in Washington that it is “misguided” to presume that brokers and insurance carriers must be in an adversarial relationship to best serve their commercial customers.
FSA again calls on insurers over "increasing" secondary intermediary concerns
The Financial Services Authority today reported that it is “increasingly concerned” by the numbers of secondary intermediaries applying for authorisation. It has now called on insurers to “re-double” their efforts to improve numbers, claiming they are…
Insurer announces plans to close all UK district offices
Co-operative Insurance Society today announced that following the modernisation review announced in July it plans to close all 106 distrcit offices by the end of 2005 with all existing customer contact and administration work transferred to its head…
Biba hits out at Airmic over FSA investigation call
The British Insurance Brokers’ Association is concerned that claims by Eliot Spitzer, from the New York Attorney General’s office, of anti-competitive practices in the US insurance sector are unfairly damaging the UK market. It believes irresponsible and…
Ace forms strategic advisory group
Ace has formed an advisory group to guide its board on strategic issues and to improve the organisation’s business, industry and political connections.
Broadgate enters international property treaty market
Broadgate Syndicate 1301 is to establish an international property treaty account in 2005. Four of the Great Lakes Reinsurance (UK) treaty underwriting team, headed by Bob Katzaros, will be joining Broadgate to build the account, which will comprise…
Zurich suspends staff after Spitzer review
Zurich Financial Services (Zurich) has suspended several employees of the Excess Casualty underwriting unit in the Specialties Business of Zurich North America Commercial following an inquiry into business practices related to the ongoing Spitzer…
New Aon report looks at airline insurance
The airline sector continued to enjoy significant insurance premium reductions for the third quarter of 2004, according to Aon's 2004 Third Quarter Airline Insurance Market Review. Typical airline renewals saw average hull rate reductions of 12% and…
ABI gives property flood risk warning
Watertight controls on new property developments are needed in flood risk areas according to the Association of British Insurers.
Adding some seasonal advice
Expert View: Reinsurance Renewals
Adequate advice would have led to claimant delay
Chester v Afshar (House of Lords - 14 October 2004) In 1994, the claimant was examined by Mr Afshar...
Loose ends
London Market: Run-off