Regulation
Zurich seeks to consolidate EU operations into single risk carrier
Zurich UK has moved to clarify its position, following reports that it had redomiciled to the Republ...
Flexibility and competitive rates identified as key to tough market
An exclusive Insurance Age survey on the effects of the recession has found that although most broke...
Biba plays down possible member defection to rival
The British Insurance Brokers' Association (Biba) has denied suggestions that the formation of a new...
PB Week: Catlin talks of "market turning events"
Insurers are still counting the losses from Hurricanes Ike and Gustav , writes Andrew Tjaardstra, editor, Professional Broking , the management magazine for insurance brokers.
Zurich UK set to redomicile
Zurich UK has become the latest company to make the decision to redomicile in the Republic of Ireland in a move the insurer says will create greater efficiencies throughout the group, Insurance Age has learned.
Fitch warns of mounting pressure on global insurance ratings
Fitch Ratings said that balance sheet pressures for insurance and reinsurance companies globally were becoming more severe as insurers experience greater unrealised market value losses, and take impairments, on their investment portfolios. As such, Fitch…
Ascot Underwriting appoints new CEO
Andrew Brooks, currently chief underwriting officer of Ascot Underwriting, has been named chief executive officer.
Brokers warned of client money risks
BDO Stoy Hayward LLP has warned all regulated insurance intermediaries holding monies on behalf of clients to take all necessary steps to ensure that money they deposit with banks on behalf of their clients is safe if the bank were to fail.
Galbraith hits back
In response to the claim that UK brokers are at war over commission Eric Galbraith, British Insurance Brokers' Association (Biba) chief executive has issued a statement which he said would clarifiy Biba and LMBC’s position with regard to commission…
Information gathering - End of days for Firms Online
I have received some information from the Financial Services Authority regarding Gabriel. Will this mean having to do yet more unpaid work for the regulator?
FSA bans directors of BPS Insure for misuse of clients money
The Financial Services Authority (FSA) has banned three directors of London-based insurer BPS Insure...
Judges
UK Broker Awards 2008 Supplement
Abrupt ending
Ministry of Justice reforms
FSA to escalate regulatory intervention
In an update on its thematic review of the sale of payment protection insurance, the Financial Servi...
Employers could face fines for failure to comply with NMW
Employers could face fines of up to £30,000 if they fail to comply with the National Minimum Wage (N...
Lloyd's reveals huge drop in pre-tax profits
Lloyd's has revealed a huge drop in pre-tax profits in its 2008 interim results. For the period endi...
Regulator should closely monitor aggregator market, says law firm
The Financial Services Authority (FSA) should increase pressure on aggregators to ease industry conc...
Sircon and Compliance 360 launch SirconEDGE
Sircon Corporation and Compliance 360 have launched SirconEDGE, a risk management and regulatory com...
Protiviti and ClusterSeven develop series of webinars
Risk consultancy Protiviti and ClusterSeven, a spreadsheet management software provider, have develo...
Oxygen sells underwriting arm
Oxygen has sold its underwriting arm, Oxygen Insurance Managers (OIM), to Arthur J Gallagher. The co...
UK PLC - regulation's golden guinea pig?
Has the early adoption of European Union regulation in the UK put insurance firms at a disadvantage, or has this head start placed them in a position of power to pursue pan-European business, John Needham asks
Wholesale Intermediary of the Year - TFP Schemes
UK Broker Awards 2008 Supplement
ABI encourage PPI sales following FSA review
The Association of British Insurers (ABI) claimed that Payment Protection Insurance (PPI) has never been a more valuable product, following a thematic review by the Financial Services Authority (FSA). The ABI said that the insurance industry has been…
FSA update on its review of the sale of PPI
In an update on its thematic review of sale of Payment Protection Insurance (PPI) the Financial Services Authority (FSA) has set out that, due to the poor findings from its recent work, it is escalating its regulatory intervention.