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BIBA : concerns with the revision of Insurance Mediation Directive
The European Commission has published a revised Insurance Mediation Directive (IMD II), outlining changes to insurance broker regulation across Europe.
The British Insurance Brokers’ Association...
U.S. : health industry relieved by court ruling
The US health care industry breathed a cautious sigh of relief Friday after the Supreme Court's surprise decision to uphold President Barack Obama's sweeping...
Europe : Commissioner Barnier assures that regulatory reform will be proportionate and balanced
BIPAR brings together leading political figures in European Parliament on dawn of insurance and financial intermediaries’ revised legislation.
European Commissioner Michel Barnier told the insurance...
Mactavish : systemic insurance weakness represents a major failure in corporate governance
A new report on the UK manufacturing industry issued today by insurance governance experts Mactavish highlights a dangerous confluence of increasing claim disputes, inadequate...
Rio de Janeiro : IIS Shin Research Award Winner Presentation
International Insurance Economics think tank, The Geneva Association and the International Insurance Society (IIS), the largest association of insurance leaders, last night presented the...
Brit Group : agrees to sell Brit Insurance to RiverSone
With the sale of BIL, Brit Group is now positioned to focus on its strategic objective of being a global speciality (re)insurer underwriting on...
Two thousand new potential internet domain names
Move over .com -- it might have to compete with suffixes such as .music, .miami and .insurance after the body in charge of website...
EIOPA : reply to the European Commission’s Green Paper on shadow banking
EIOPA welcomes the opportunity to respond to the European Commission’s Green Paper on Shadow Banking. EIOPA believes the Green Paper is a good starting...
EU Consumer Rights Directive – is there a downside?
A recent Which? report highlighted the practice of holiday companies automatically opting their customers in to the purchase of travel insurance while booking their...
Germany : banks are prepared for any scenario on Greece
German banks are "prepared for all possible scenarios" with regard to Greece even if their exposure remains "limited", the country's financial watchdog BaFin said...
Shareholder battle throws Generali into turmoil
Shareholders of Italian insurance giant Generali were preparing Friday to oust their CEO amid a climate of revolt against executives and as France moves...
Transport Committee : OfT decision to refer car insurance market to the Competition Commission welcomed
Louise Ellman welcomes OfT decision to refer the car insurance market for investigation by the Competition Commission.
Responding to publication by the Office of...
Axa : stopped buying Italian and Spanish bonds
French insurance group Axa stopped buying Italian and Spanish bonds several months ago but has not sold those it owned already, chief risk manager...
Mergermarket : economic reform and Spanish and Portuguese specific issues under the spotlight at Iberian M&A and Private Equity forum
With the economic downturn and the financial crisis as background, Iberian companies are facing a lot of challenges. With the Spanish and Portuguese banks...
Deloitte : UK motor insurance industry makes biggest single-year rebound in underwriting results
UK motor insurers have seen greatly improved financial results in 2011 but need to do more to improve profitability, according to Deloitte, the business...
IFB : Andrew Buck appointed to oversee roll out of the Insurance Fraud Register
The Insurance Fraud Bureau (IFB) has recruited Andrew Buck to oversee the launch of the industry’s ground-breaking Insurance Fraud Register (IFR).
Buck, a former Claims...
Allianz : profits soar 60%
German insurance giant Allianz on Tuesday said its net profits soared by 60 per cent in the first quarter of 2012 and confirmed its...
BIBA : the European Commission could enforce mandatory commission disclosure by 2019
The British Insurance Brokers’ Association (BIBA) is warning brokers that the revision of the Insurance Mediation Directive (IMD) could result in both mandatory disclosure...
What to look out for in the travel market in 2012
As Chairman of the Association of Travel Insurance Intermediaries (ATII), I was recently asked to present an outlook on the travel insurance market for...
Fitch Ratings : July reinsurance price rises will be limited
According to Fitch Ratings, price increases in the July reinsurance renewal period are likely to be restricted to loss-affected sectors unless there is a...
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