Regulation
LFC Insurance refinances with Macquarie
Essex based commercial insurance brokerage, LFC Insurance, has recently refinanced with Macquarie Bank.
Liiba acheives 98% market affiliation
London and International Insurance Brokers' Association (LIIBA) has announced that more than 120 firms have joined the association following its formation at the end of last year to represent brokers in the London insurance market. Between them these…
Bluefin confirms "unfair dismissal" verdict in Dunno case
Bluefin Insurance Services has confirmed that the London Central employment tribunal found that the case brought by Adrian Donno resulted in an unfair dismissal.
FSA fines insurance claims handler for noncompliance
The Financial Services Authority (FSA) has fined Blackburn insurance broker Aspray Limited £21,000 for control failings over its appointed representatives (ARs) and for misleading both its clients and the regulator.
UK insurance companies not in line with Solvency II requirements
Accountancy Moore Stephens has warned that some existing internal business models in the UK insurance industry may not be in line with standards required under Solvency II, the EU project to create a system of risk-based prudential regulation in the…
Novae reports £40.2m pre-tax profits for 2008
Lloyd's insurer Novae has reported a pre-tax of £40.2m for 2008 despite an estimated $40m (£28.1m) loss from Hurricanes Gustav and Ike (net of reinsurance and reinstatement premiums).
E-disclosure - Divulging digital information
With new regulations to govern what courts require litigants to reveal in a case, Richard Evans explains that brokers should ensure their data storage systems are easily manageable
Security - Confidentiality issues
I read that we should be checking our cleaners' suitability to be left on our premises unsupervised. What will the Financial Services Authority think of next?
Biba backs ABI's stance on elderly
The British Insurance Brokers' Association (Biba) has responded to the Association of British Insurers' (ABI) report: Age and Insurance: Helping older customers find the cover they need.
E-disclosure - Divulging digital information
With new regulations to govern what courts require litigants to reveal in a case, Richard Evans explains that brokers should ensure their data storage systems are easily manageable
Security - Confidentiality issues
I read that we should be checking our cleaners' suitability to be left on our premises unsupervised. What will the Financial Services Authority think of next?
FSA issues A Razzaq warning
The Financial Services Authority (FSA) has issued a consumer warning about A Razzaq Insurance Broker...
Brokers warned of telecoms firms mis-selling call-recording devices
Insurance brokers are being urged not to fall victim to telecoms firms pitching call-recording equip...
Biba voices concerns over FSA proposals
The British Insurance Brokers' Association (Biba) has voiced its concerns over the proposals contain...
Ace launches Ace Evolve
Ace has launched Ace Evolve, a combined insurance and risk management policy for mid-sized UK and Ir...
MMC reports consolidated revenue
Results
FSA varies permission
The Financial Services Authority (FSA) has varied the permission of Leicestershire-based insurance a...
FSA sets PPI deadline for lenders
The Financial Services Authority (FSA) has turned the screw on lenders who sell single-premium payme...
Aon and BAE Systems commit to 5 year insurance deal
BAE Systems has become the first private sector business to adopt Aon's aligned long term programme (ALTP), which is an insurance package supporting long term financial planning.
Biba "alarmed" by FSA fee and levy proposals
The British Insurance Brokers' Association (Biba) has voiced its concerns over the proposals contained in the Financial Services Authority (FSA)'s Consultation Paper CP09/7.
Property specialist predicts significant sector growth
PropertyRisks, the property insurance specialist, has created a dedicated broker support unit and doubled the size of its Eastleigh premises.
Marsh Q4 revenues slip
Marsh & McLennan, the owner of broker Marsh and reinsurance broker Guy Carpenter, said that fourth quarter revenues shrank 9% to $2.7bn, down 9% from the fourth quarter of 2007.
Brokers' FSCS levies could rise
Brokers could be facing an increase in their Financial Services Compensation Scheme (FSCS) levies fo...
FSA's Aon punishment is pitifully lenient
Global brokers have been crowing for years about how transparent they are in their dealings ever sin...