European Commission (EC)
Aon/WTW to divest $3.6bn of assets to Gallagher ahead of merger
The sale includes Willis Re and is intended to address questions raised by regulators including the European Commission.
News analysis: Brokers welcome IDD delay
UK brokers did not know what the rules would look like until January this year
European Council approves IDD delays
EU ambassadors confirmed that the council has agreed to delay transposition of the Insurance Distribution Directive.
FCA sets out plans on IDD delay
Regulator follows up on Treasury announcement.
Treasury delays IDD transposition into national law
Move follows the European Commission’s proposal to push back the application date to 1 October 2018.
Biba welcomes proposed delay to IDD as good news for brokers
David Sparkes calls potential delay a “great” and “sensible” step.
European Commission seeks to postpone IDD until October 2018
New proposals could see seven month delay.
European Commission approves Flood Re
Scheme is one step closer to reality after the Commission decided it is compatible with EU state aid rules.
Broker Question Time - Biba CEO White warns disclosure inevitable after German U-turn
Amanda Blanc has called for a wide reaching industry debate on the issue of commission disclosure.
Time for some opposite thinking
Since the Conservative-led Coalition came to power the focus has been on reducing the deficit. It is the prism through which every political decision has been refracted.
Countdown to commission disclosure
As mandatory commission disclosure rears its head again, Tony Cornell asks what effect it could have on the general insurance market
Lawyers highlight impact of IMD on aggregators
Law firm Norton Rose has claimed that aggregators, claims managers and loss adjustors will be most heavily impacted by the changes proposed in the new text of the Insurance Mediation Directive II.
ABI sees 'minimal future benefit' from compulsory commission disclosure
The Association of British Insurers (ABI) has responded to the European Commission’s proposals including on the Insurance Mediation Directive II.
Biba hits out at Europe over compulsory commission disclosure timetable
The British Insurance Brokers’ Association (Biba) has said it is very disappointed that the European Commission has imposed a five-year timetable for compulsory commission disclosure in the general insurance sector.
Europe clears Liberty Mutual’s Quinn Insurance takeover
The European Commission has granted clearance, under the EU Merger Regulation, for the acquisition of the general insurance business in Ireland of Quinn Insurance by US insurer Liberty Mutual.
News analysis - regulation: increasingly oppressive FSCS costs could hamper recruitmentConcern that jobs may be lost as brokers struggle to foot rising bill
The recent increase of over 50% in the Financial Services Compensation Scheme (FSCS) levy for brokers has raised fears that it could cause redundancies in the industry.
IIB issues warning on IMD review
The Institute of Insurance Brokers (IIB) has flagged up its concerns that the Insurance Mediation Directive (IMD) review could result in mandatory commission disclosure.
The interview: The charisma in compliance
When Steve White joined Biba in 2004, he brought with him a unique understanding of the application of FSA rules to insurance broking. He has since gone on to be crowned Compliance Personality of the Year 2010. Liz McMahon reports
Fears trade bodies are on IMD2 collision course
The Association of British Insurers (ABI) and the British Insurance Brokers' Association (Biba) could be on a collision course over the revised Insurance Mediation Directive (IMD2).
Threat of enforced commission disclosure fades as European bodies follow UK lead
An agreement between European broker and risk management associations is the clearest sign yet that the revised Insurance Mediation Directive (IMD) will opt for commission disclosure on request rather than making it compulsory, according to regulatory…
Broker regulation - Viewpoint: Securing the future
John Greenway on how, after 23 years as an MP, he is now turning his attention to helping brokers with the new regulatory regime.