Regulation
TAG test cases reach agreement
Insurers have agreed to a settlement as part of The Accident Group test cases over an issue that was...
Insurers may be hit by EC VAT plan
Personal injury and medical negligence insurers could be hit hard by an EU Directive that will add 1...
European insurers facing €100bn capital black hole
The European life sector is facing a €100bn capital shortfall, according to a new report from strategy consultants Mercer Oliver Wyman.
Nearly 100 people attend Heath Lambert conference
Heath Lambert warned property managers about impending FSA regulation, at a conference held at Lloyd’s last week.
Sides reach agreement in TAG test cases
The Claimants and the defendants in The Accident Group test cases have successfully mediated an agreement in relation to the compliance issues - the recoverability of solicitors' costs - surrounding the TAG panel solicitors' costs.
Review of Gibraltar's financial services launched
An independent review of the Financial Services Commission in Gibraltar was announced today by His Excellency the Governor Sir Francis Richards acting with the approval of the Foreign Secretary.
AM Best leaves Swiss Re ratings unchanged
AM Best has announced that Swiss Re’s financial strength rating of A+ (superior) remains unchanged following the company’s announcement that it is to buy CNA Financial’s life insurance book of business.
Watson Wyatt warns over terrorist exclusions
Many companies who have insured their employees' lives may find they are not covered should they be affected by a 9/11-style terrorist attack, according to research by Watson Wyatt.
Halifax selects Crawford for fraud work
Halifax General Insurance Services has selected Crawford & Company’s Counter Fraud Solutions division to assist its internal Special Investigations Team.
Zurich Municipal aims to cut costs with risk training
Zurich Municipal has been selected by the Public Private Partnership Programme and the Improvement a...
FSA bans six for distorting financial results
The Financial Services Authority (FSA) has banned six former directors of a UK insurance company called Chiyoda Fire and Marine Insurance Company (Europe) Limited (CE) for their role in distorting the financial results of CE during 1999 and 2000. CE is…
Trade bodies announce merger to tackle personal injury claims
The Claims Standards Association and the Personal Injury Federation have agreed to join forces to form one body that aims to develop a code of practice for companies offering personal injury and claims services.
Appointment at Ace
Ace has appointed Neal Haywood as senior property underwriter for its multinational property book....
Soft skills
Technology Claims
The Comite Europeen des Assurances lends its support
The Comite Europeen des Assurances has lent its support to the European Road Safety Charter, launche...
£180m deal ends talk of flotation
Premium Credit is looking to extend its services to brokers and insurers by offering a collection an...
Broker in two-year deal worth £100m
Premium finance provider Amber Credit has signed a deal with Budget Retail, part of the broking grou...
The FSA annual budget expected to break threshold
The Financial Services Authority's annual budget is expected to break the £200m threshold for the fi...
Subsidence battle sees nature pay the price
I agree there are grounds for worry regarding subsidence liability and householders' vegetation (PM,...
Concerns raised over "orphan" fines
The Association of British Insurers is understood to have fears about the potential financial impact...
Lloyd's Euro battle nears court
Roy Perry MEP will take his fight for beleaguered Lloyd's Names to the European Court of Justice if ...
FSA has broker in sights
The Financial Services Authority is understood to be concerned about the financial health of at leas...
The IUA publishes new research
The International Underwriting Association has published new research aimed at providing insurers wi...
