Regulation
Moscow Re gets capital investment
Moscow Re has announced that it has received a capital investment of RUB 548.9m, approximately $20m.
Conditional fees to become more transparent
Civil Justice Minister David Lammy has gathered legal practitioners, insurers, academics and costs experts together to discuss conditional fee agreements, their future development and related legal costs issue.
EU competition fears addressed
Uk firms could be less competitive than their European Union counterparts until the introduction of ...
Unnecessary price wars help no one
What is more important, revenue growth or sustainable profit? Long-term profit is everyone's aim. Mu...
Airmic members snub FSA
At least two FTSE 100 members of the Association of Insurance and Risk Managers have confirmed they ...
Good riddance to the "necessary evil" of Independent
I read with interest the article on Independent Insurance and its legacy to the UK insurance market ...
ABI goes on the offensive over sewer flooding
The Association of British Insurers will today call on the government to set aside £1bn for investme...
Fitch publishes French report
Fitch Ratings says the evolution of the credit quality of French non-life insurers will reflect the cyclical downturn expected to kick in next year, according to its latest report.
FSCS declares 16 firms in default
The Financial Services Compensation Scheme is encouraging consumers who may have lost money as a result of their dealings with any one of 16 firms recently declared in default by the Scheme to get in touch.
Swiss Re granted Taiwan licence
Swiss Re has announced that it has been granted a reinsurance branch licence from the Taiwan Ministry of Finance.
Markel Re appoints new president
Markel Re has appointed J Ruffin Branham as its new president and chief operating officer, effective immediately.
Groupama Insurances agrees principles of risk transfer
Groupama Insurances has confirmed that it intends to offer to accept the risk transfer of premiums as part of a revised terms of business agreement.
S&P rates Tokio Marine & Fire
Standard & Poor's (S&P) has assigned an A+ (strong) long-term counterparty credit and insurer financial strength ratings to Tokio Marine & Fire Insurance (Singapore). The outlook on the counterparty credit rating is stable.
ABI makes positive noises over FSA capital announcement
The Association of British Insurers has welcomed the FSA's publication of risk-based capital requirements for the industry.
Reliance National Asia Re bought up
Guernsey-based Omni Whittington Investments has purchased Reliance National Asia Re PTE (RNARP) from Reliance Insurance Company.
Besson appointed at Scor
Jean-Luc Besson has been appointed chief risk officer for Scor’s global central technical department.
FSA sets out capital rules for insurers
The Financial Services Authority has published rules for its new risk-based capital regime for insurance companies.
New Zurich personal lines boss oversees shake up
Yacht and motorboat insurer Navigators and General has appointed Richard Coleman as its new head.
New forum agrees need to bolster communication between FSA and compliance firms
A meeting between the Financial Services Authority (FSA) and the vast majority of the UK’s firms of compliance consultants was held last week and resulted in an overwhelming agreement to enhance the professional standing of compliance consultancy firms.
Widening the net
Cadogan Insurance Services and Deacon Insurance Services merge today to create a new property broking giant. Cadogan chairman David Oatley tells Jonathan Swift this was a mutual decision driven by a desire to drive both companies forward
Claims Direct stages an insurance comeback
One of the leading claims management brands and former bane of the insurance industry, Claims Direct...
St Paul reaches agreement
St Paul has reached agreement in principle on a framework to continue its joint venture for the prov...
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Disability Discrimination Act
Network Mania - the bubble finally bursts
With just two weeks to go before the Financial Services Authority application deadline, it seems the...