Regulation
S&P revises outlook on IORe
Re-ratings
Heath Lambert sells business to Marsh
Broker Heath Lambert has announced that it has sold Heath Lambert Australia, based in Sydney, to Mar...
Clear water ahead?
Collateral and security
US insurance industry facing regulation
The US Congress has threatened to impose compulsory regulatory reform on the insurance industry unle...
Standard Life announces 1000 redundancies and demutualisation plan
Standard Life today said that demutualisation is the best option to address the issue of capital constraints and it is in the best interests of the company and its policyholders. The mutual also announced plans to reduce costs by reducing its headcount…
FSA finalises reporting requirements
The Financial Services Authority today finalised its reporting requirements for firms involved in mortgage, general insurance or retail investment activities. These proposals were initially put forward in CP197: Reporting requirements for mortgage,…
Insurers lose first round of EU gender battle
MEPs in the European Parliament, have, as expected, rejected an ammendment to the Gender Equality Directive which would have allowed gender to continue to be used as a factor in underwriting decisions. Ministers from all member states will discuss the…
Hiscox acquires 1861 renewal rights
Hiscox has announced that it has reached agreement with Marlborough Underwriting Agency, a wholly owned subsidiary of Berkshire Hathaway, for the renewal rights for the majority of business currently placed with Marlborough Syndicate 1861. The…
Axa appoints finance business partner
Axa Insurance has announced that Laurent Matras has been appointed as finance business partner and will join the AXA Insurance executive.
New IUA Compliance Committee is to tackle insurance regulation burden
New demands from the Financial Services Authority are top of the list of regulatory concerns for the London insurance market, according to the Compliance Committee of the International Underwriting Association.
Bahrain makes foreign insurers welcome
The Bahrain Monetary Agency (BMA) has lifted a key restriction on foreign insurance brokers and loss adjusters operating in Bahrain. They are no longer required to have a local partner – earlier regulations required majority Bahraini ownership, of at…
Marsh Norwich: 94% CIP pass rate
More than 100 employees from broker Marsh's Norwich office have achieved success in the Lloyd's Intr...
Know your rights: This month - Repetitive Strain Injury
David Fleming explains the legal position regarding repetitive strain injuries and offers some practical advice to minimise the risk to employees
Ecclesiastical reports pre-tax profit of £43.5m
Ecclesiastical Insurance has announced a pre-tax profit of £43.5m.
Appointment at The Claims Service
The Claims Service, the outsourced claims solutions arm of Endsleigh Insurance, has made Jonathan Ha...
US states slammed for failures
Insurance regulations in the US are in need of urgent reform, according to the House Committee on Fi...
Moody's reports stable outlook for Portuguese insurance sector
Ratings agency Moody's has reported a stable outlook for the Portuguese insurance sector, reflecting...
FSA Ombudsman plan under fire
The Financial Services Authority's refusal to make policyholders make up-front payments for bringing...
Industry Bodies - United we stand?
Claims Supplement
Property Casualty Insurers backs NAIC
The Property Casualty Insurers Association of America has backed the National Association of Insuran...
CILA - Ahead of the claims game
Claims Supplement
Coke unlikely to face action over water recall
Coca-Cola is unlikely to face any product liability exposure following the recall of its Dasani bott...
Cox rules out Lloyd's exit
Financial News