Latest News – Page 2034
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News
Private motor market 'softening'
The private motor market's efforts to return to profit-ability suffered a blow this week with figures showing rates had begun to soften in the first quarter of 2007. According to the AA British Insurance Premium Index, the average quoted premium for an annual comprehensive policy fell marginally to £802. This ...
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Quote of the Week
"Any failures we identify will be viewed seriously and we will take the appropriate action, which includes prohibition from the industry as shown in this case." Jonathan Phelan, FSA head of retail enforcement, commenting on the banning of Alan Dennis Garlick.
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UK plans for tax-free repatriation of profits
The Treasury is drawing up plans to allow British-based multinationals to repatriate billions of pounds of foreign profits tax free, according to reports.
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Has the financial lines market hit the bottom of the cycle?
Underwriter opinions are divided about how premiums in the financial institutions market will move in 2007, according to a Willis Financial Institutions (FI) Index report.Fifty-five per cent of respondents surveyed by the index predicted a reduction in rates and 45% predicted flat renewals. Insurers surveyed by Willis agreed that eventually ...
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Decrease in finite puts Imagine back on stable
AM Best has revised the outlook of Imagine Insurance Company from negative to stable...
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Marsh agrees to hand over documents to attorney general
Marsh & McLennan is to hand over subpoenaed documents relating to charges it conspired with insurers to eliminate competition...
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Insurers struggling with data management
Increasing data management requirements are hindering the provision of “reliable, valid financial data”, according to E&Y roundtable
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MMA adds new services to web-based solution
MMA Insurance has added a further two commercial products to Broker2Broker, a comparative commercial website...
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Lloyd's launches electronic trading in China
Business placed in Lloyd's new reinsurance operation in China should be handled quickly and efficiently thanks to state of the art technology...
