Regulation
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
AM Best Commentary: Future forecast
In a highly competitive market for UK general insurers, property continues to be the best performing line, while motor and home experience underwriting losses.
Esure changes "unfair" policy terms at FCA's behest
Esure has agreed to change two of the terms and conditions in its home and motor insurance policies, following intervention from the Financial Conduct Authority.
Post magazine – 19 September 2013
This week's issue of Post is now available to subscribers.
Gibraltar’s appeal as an insurance hub threatened by new regulation strategy
Regulator to take closer look at firms’ non-EEA reinsurers
De Vert directors settle in Gibraltar investigation
The Gibraltar Financial Services Commission has closed the investigation on the conduct of two directors at failed insurer De Vert, with the pair agreeing to not to take directorships or acting as decision makers on underwriting.
Gibraltar regulator concludes De Vert director investigation
The Gibraltar Financial Services Commission has closed the investigation on the conduct of two directors at failed insurer De Vert, barring them from additional directorships and acting as sole decision makers on underwriting.
Scotland's Future - Scottish courts kick-start modernisation
In just over a year (18 September 2014) Scotland will decide whether it wishes to remain part of the UK or become an independent nation.
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
Your say: Celebrate Aldermanbury success
Last week’s article ‘Aldermanbury initiative’s future unclear as insurers struggle to meet its terms’ (5 September) questioned the success and future direction of the Aldermanbury Declaration.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Legal Update: Social Care: Unprecedented social care and abuse cases leave insurers with plenty to consider
In the past two weeks the social care and abuse landscape has exploded. Roy Woollard looks at the legal issues and their impact on insurers
FCA warns against policy from unlicensed New Zealand insurer
The Financial Conduct Authority has found a home insurance policy from an unlicensed New Zealand insurer has been sold to UK consumers through an authorised general insurance intermediary.
Post magazine – 5 September 2013
This week's issue of Post is now available to subscribers.
Your say: Give brokers greater autonomy
Regulation is a good thing, but it must be proportionate and appropriate.
Insurers urged to comply as US regulator turns to Lloyd’s in Iran sanctions inquiry
The New York regulator’s request for information on sanctions breaches from Lloyd’s of London indicates the watchdog’s attentions have shifted away from banks and onto insurers, market insiders have warned.
Post magazine – 29 August 2013
This week's issue of Post is now available to subscribers.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s
Ethics: Do the right thing
The insurance industry may need a root and branch overhaul of its approach to ethics. But with claims that companies don’t actually understand the issue, the road to restoring trust is set to be rocky.
Scotland’s future – financial services regulation
Among the questions Scotland's independence referendum raises for the insurance industry is how financial services would be regulated if Scotland votes for independence in September 2014.
FSB launches consultation on resolution regimes for insurers
The Financial Stability Board today launched a public consultation on the application of the Key Attributes of effective resolution regimes for non bank institutions.
FCA denies review was sparked by broker’s remuneration issues
The Financial Conduct Authority has distanced itself from claims its thematic review into brokers’ conflicts of interest was triggered by an investigation into a broker that revealed issues with its remuneration practices.
Mesothelioma: Bearing the burden
With the Mesothelioma Bill due to come into operation early next year, just how much strain is the compensation scheme likely to put on insurers?