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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
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
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
UK to hand back systemic oversight to Bank of England
The UK Chancellor of the Exchequer, George Osborne, has confirmed he plans to hand back responsibility for systemic risks and oversight of banking supervision to the Bank of England (BoE).
16 June 2010
Jardine to become deputy chairman of Council of Lloyd's
Paul Jardine, COO of Catlin - the largest syndicate at Lloyd's by stamp capacity - is set to take the reins as deputy chairman of the Council of Lloyd's following the retirement of Ewen Gilmour earlier this month.
16 June 2010
Aspen targets UK expansion with Fusion founders
Bermudian Aspen Insurance Holdings is making good on its strategy to expand its UK arm after securing the services of Fusion founders Kevin Pallett and Geoff Crisp to build its regional platform in the country.
16 June 2010
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