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Soft market is different this time, insurance chiefs say
The current soft market may not follow the same pattern of previous underwriting cycles, a panel of senior industry executives told the Association of Insurance and Risk Managers (Airmic) conference last week.
21 June 2010
Total Florida hurricane exposure hits $2.5tn
State-owned insurers in Florida have hurricane exposures upwards of $2.5tn, according to a recent report produced by the research arm of the US Congress.
21 June 2010
FSA changes spark industry cost fears
Plans to reorganise the regulation and supervision of UK financial services announced last week have met with a defensive reaction from UK insurance trade bodies eager to avoid additional cost burdens.
21 June 2010
PRA and CPMA new prime regulators as FSA split into three
UK (re)insurers are to come under the regulatory control of a new subsidiary of the Bank of England (BoE), provisionally entitled the Prudential Regulation Authority (PRA), it emerged last week.
21 June 2010
Plus ça change...
So the all-encompassing UK regulator the Financial Services Authority (FSA) is to be filleted into three bite-size sections by its new political masters. So what?
21 June 2010
Speculators gamble that £800mn+ Brit bid will succeed
It looks as if the week ahead will be crunch time for Brit Insurance as it comes under increasing pressure from investors to negotiate over the initial bid it rejected from US private equity firm Apollo.
21 June 2010
‘The FSA is dead; long live the PRA!'
UK (re)insurers are to come under the regulatory control of a new subsidiary of the Bank of England (BoE), provisionally entitled the Prudential Regulation Authority (PRA), it emerged yesterday (17 June) in Westminster.
18 June 2010
Cat liability concerns spell opportunity for London financial lines
The London market has a "huge opportunity" to make itself the market of choice for the liability programmes of major corporates and financial institutions if it can generate the capacity for major catastrophic risks that the market is sorely lacking, according to the head of placement at Marsh's financial and professional lines business Matthew Rolph
18 June 2010
Met Office weighs in with 20 hurricanes prediction
The Met Office has predicted 20 North Atlantic tropical storms between July and November this year as it confirmed its expectation for an active hurricane season.
17 June 2010
Sants to stay on as UK regulatory overhaul confirmed
Last night (16 June) new UK Chancellor of the Exchequer George Osborne gave further details of a radical overhaul of financial regulation in his first keynote speech since taking office in May.
17 June 2010
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