Regulation
2004 sees sluggish start for airline insurance says Aon
2004 has seen a sluggish start for the airline insurance market with just 7% of annual renewals in the first quarter and increasing consolidation according to Aon’s Airline Insurance Market Review.
Insurers standing firm on rates says Numis
Analyst Numis insurance has predicted increased investor interest in insurance because of strong underwriting earnings despite an uncertain economic environment.
Bolkestein set to quit European Commission this year
Frits Bolkestein, the European Commissioner responsible for the drive towards an integrated European financial market, has confirmed he will not seek the Dutch seat on the commission after his term ends in November. He had been expected to continue,…
Employees seek job 'meaning'
A lack of 'meaning' in the workplace is having a damaging effect on morale and staff retention rates...
Industry consults on critical illness move
The Association of British Insurers is consulting on a user-friendly reference guide to critical illness insurance definitions to help IFAs, customers, and claims assessors understand the meanings of the medical definitions.
Over 300 insurance brokers get minded to authorise letters
The Financial Services Authority has reported that by the end of 30 April, it had received 15046 registrations to obtain an application pack and 5580 applications for authorisation — with 8675 registrations related to insurance business and 6371 to…
FSA completes Lloyd's prudential proposals
The Financial Services Authority this week finalised its long-awaited proposals for the prudential r...
View from the Top - Nothing to fear from tighter regulation
With tighter regulation just around the corner and a spate of corporate scandals fresh in the memory...
One big happy family?
Financial Services Action Plan
Easyjet in insurance blunder
Budget airline Easyjet has insisted all its aircraft are fully insured, despite last weekend's disru...
Repairers in FSA warning
The Body Repair Industry Campaign has called on repair trade associations to lobby collectively agai...
Capital gains
Capital
Appointment at Berryman Shacklock
The corporate team at Nottingham law firm Berryman Shacklock has appointed e-commerce and commercial...
British firms warned over EU imports
European Union harmonisation could leave British importers liable if products sourced from joining countries do not comply with EU legislation, according to a survey by EuroChambres.
Ajax one of first brokers to get FSA nod
Liverpool-based Ajax Insurance Brokers has received its "minded" to authorise letter from the Financial Services Authority. The first letters from the FSA were due to go out this week, although no general insurance brokers will be officially authorised…
XL America moves offices
XL America, a subsidiary of XL Capital, has announced plans to relocate four of its business units and over a hundred employees to new offices in Hartford, Connecticut.
FSA sends out minded to authorise letters as mortgage deadline looms
he Financial Services Authority has started to send out minded to authorise letters to firms conducting mortgage or general insurance business. The first MTA dispatch consisted of more than 1000 letters — although the majority relate to mortgages.
Hiscox announcement on WTC jury verdict
The jury in Phase I of the Silverstein/WTC coverage trial returned a verdict yesterday, Thursday 29th April 2004.
Goshawk consigned to history in rebranding
Goshawk has rebranded its Bermuda based reinsurance subsidiary, Goshawk Re, as Rosemont Reinsurance with effect from today.
Lloyd's: FSA confirms prudential demands
The FSA today finally confirmed its proposed new rules on how much capital Lloyd's insurers will need to set aside to write new busines, due to come into force at the end of this year.
Chaucer takes on Zurich specialist healthcare trio
Chaucer Syndicates has recruited Nigel Malcolm from Zurich Specialities to underwrite its institutional healthcare account on Syndicate 1084.
S&P rates RGA
Standard & Poor's Ratings Services (S&P) has assigned its AA- (very strong) counterparty credit and financial strength ratings to RGA International Reinsurance. The outlook is stable.
Gimme shelter
Premium Finance
Bureaucracy, the antithesis of efficiency
Congratulations to Paul Meehan for putting his head above the parapet with his piece 'Regulation: Th...