FSA regulations welcomed
The FSA outlined its proposals for a principles-based regulatory regime. Deloitte welcomed the move but said that clarity was needed "about the results that firms should be aiming to deliver". The ABI said the move would lead to "better outcomes for both consumers and financial services companies".
Firms join onlyinsurance
Zurich, Royal & SunAlliance, Equity Red Star, Kwik-Fit, Premier, Insure Your Motor and Chubb have joined onlyinsurance.com as direct underwriters for the group's home, mot-or and travel cover offering.
Budget recommendation
The Budget group of companies has been identified as one of 10 companies to watch, according to the Sunday Times.
Chubb rolls out policy
Chubb is to roll out an emerging markets policy, covering companies' credit risks.
GC Fac exec joins Integro
Integro has poached another senior executive from GC Fac, Guy Carpenter's facultative division. Charles Waddington has joined Integro's recently formed insurance and reinsurance business unit. He will manage the casualty practice.
Chase Templeton acquires
Isle of Man firm Chase Templeton has purchased Kent-based PMI specialist Redferns Insurance Services for an undisclosed sum.
