Regulation
Fraud us
Jamie Taylor provides an update on the proposed Fraud Bill
FSA product scrutiny raises doubts over level playing field
The news that the Financial Services Authority is weighing the possibility of scrutinising general i...
Appointment at Milliman Global
Consulting and actuarial firm Milliman Global has appointed Dominique Piermay as chair of its board ...
NAIC forms task force to look at Spitzer allegations
The National Association of Insurance Commissioners (NAIC) has formed a new task force to investigate the alleged criminal misconduct and violation of insurance laws claimed by New York Attorney General Eliot Spitzer.
FM Global hires new production underwriter
Anna Spink has joined commercial property insurer Affiliated FM as a production underwriter to assist with the rapid expansion of its products and services in the UK.
Lawyer slams UK cost of PI
The UK’s “gold plating” of the EU’s Insurance Mediation Directive could add substantially to brokers' and other intermediaries' professional indemnity costs, warned law firm Reynolds Porter Chamberlain today.
XL pays out $47m and stops contingent commissions
Bermuda-based XL Capital has reported that it paid out $47m in contingent commission payments through 30 September, including $29m to Marsh & McLennan.
XL feels hurricane hit in Q3 2004
The reinsurance division of XL Capital showed an underwriting loss for the third quarter of $78.3 million for the general operations which compares with a loss of $74.5 million in the 2003 third quarter. Net premium written decreased 24% to $511.4…
CII launches course directory
A new training directory has been launched by the Chartered Insurance Institute containing details of over 450 face-to-face training courses on offer next year.
Emerging market potential in the Asia region focuses on China and India
Asia: Emerging Markets
How has it come to this?
There have been occasions in the past where the working practices of the (re)insurance industry have...
Appointment at Alea Group Holdings (Bermuda)
Alea Group Holdings (Bermuda) has appointed Thomas A. Weidman as group chief actuary. Mr Weidman joi...
Appointment at CEA Legal Expenses Committee
Gustaaf Daeman has been appointed as the chairman of the CEA Legal Expenses Committee, succeeding En...
IUA appeals for global regulatory environment
Reinsurance must be subject to a seamless global regulatory environment, according to the Internatio...
Ten years on ..
Asia: Vietnam
Taking charge of change
Andrew King, president of the Chartered Institute of Loss Adjusters in the UK, says that reinsurers are going to need to become increasingly 'hands-on' in their management of the claims process
Aon warns on insurance rates
The predicted level of losses from the 2004 hurricane season may not be enough to reverse the curren...
Don't let the battle cloud the war
Henry Keeling offers a reminder that the sector is only as strong as its weakest link in the bigger picture of global equity markets
Long-term care insurance to be covered under FSCS
Consumers of long-term care insurance are set to receive greater protection when new requirements come into force on 31 October, making all LTCI policies subject to FSA regulation
Swiss Re report shows rise in liability systems costs
Liability systems throughout the world are growing increasingly costly, according to the latest sigma report from Swiss Re.
XL Capital subsidiary subpoenaed by Spitzer
XL Capital has announced that its subsidiary XL America has been subpoenaed by the office of New York attorney-general Eliot Spitzer.
Higher retirement, increased red tape
Raising the retirement age could wrap employers up in costly red tape when it comes to hiring and fi...
JLT confirms decision to drop contingent commissions
Jardine Lloyd Thompson has decided to stop accepting contingent commissions from 2005 onwards.