http://www.complinet.com Complinet UK Insurance including Lloyd's RSS feed en complinet.com http://www.complinet.com/global/news/news/article.html?ref=110721 Today's roundup includes CESR delivering its second report on credit rating agencies. Tue, 20 May 2008 20:00:00 +0000 http://www.complinet.com/global/news/news/article.html?ref=110699 With some parts of the industry predicting the death of the life assurance model, the regulator has warned senior managers to take a look at their own company's risks and to manage them properly. Tue, 20 May 2008 13:34:35 +0000 http://www.complinet.com/global/news/news/article.html?ref=110703 There is a huge opportunity to get people to better prepare for their increasingly long retirement but the life industry is failing to grasp the nettle, a conference on its future heard. Tue, 20 May 2008 13:30:47 +0000 http://www.complinet.com/global/news/news/article.html?ref=110684 . Tue, 20 May 2008 13:17:24 +0000 http://www.complinet.com/global/news/news/article.html?ref=110710 Many reinsurance contracts are very badly drafted, inadequate and with unclear or incomplete wording, according to Robert Merkin, a professor of commercial law at Southampton University and a consultant at Barlow Lyde & Gilbert. Tue, 20 May 2008 02:50:56 +0000 http://www.complinet.com/global/news/news/article.html?ref=110716 The China Insurance Regulatory Commission has set up an expert committee to study the possibility of introducing catastrophe insurance. Tue, 20 May 2008 02:50:24 +0000 http://www.complinet.com/global/news/news/article.html?ref=110656 Financial services firms have an opportunity to fulfil a social need and to make themselves money in the process if they can come up with products to help the mass market save more, a life assurance conference heard. Mon, 19 May 2008 16:46:54 +0000 http://www.complinet.com/global/news/news/article.html?ref=110654 Industry evolution is inevitable and if the financial services industry does not keep apace, change will be forced upon it, according to Andrew Fisher, chief executive of financial advisers Towry Law. Mon, 19 May 2008 16:13:59 +0000 http://www.complinet.com/global/news/news/article.html?ref=103535 At present, the principal legislation which regulates insurance business in Russia is the Russian Civil Code and the Federal Law "On Insurance Business in Russia". Mon, 19 May 2008 13:39:00 +0000 http://www.complinet.com/global/news/news/article.html?ref=110658 Reinsurers and marine insurers are less supportive of the Law Commission's insurance contract law reform than general insurers, David Hertzell, commissioner at the Law Commission, said at the Lloyd's conference on insurance law and regulation. Mon, 19 May 2008 13:30:42 +0000 http://www.complinet.com/global/news/news/article.html?ref=110680 Today's roundup includes an FSA speech entitled A regulator's view of the current mortgage market. Mon, 19 May 2008 11:04:47 +0000 http://www.complinet.com/global/news/news/article.html?ref=110580 The UK's data protection regulator has gained significant new powers to impose fines for breaches of the UK's data protection laws under new legislation that was passed on May 8, 2008. Mon, 19 May 2008 09:06:56 +0000 http://www.complinet.com/global/news/news/article.html?ref=110631 Today's roundup includes an FSA speech entitled Principles — Based Regulation — Lessons from the Sub-Prime Crisis. Fri, 16 May 2008 20:00:00 +0000 http://www.complinet.com/global/news/news/article.html?ref=110588 With so much coverage of the upcoming US presidential election, Complinet takes its own look at where the various candidates stand on the issue of financial regulation reform. Fri, 16 May 2008 13:57:36 +0000 http://www.complinet.com/global/news/news/article.html?ref=110605 Yesterday, the Financial Services Authority widened its assault on sub-prime mortgage intermediaries by fining Thinc £900,000. Fri, 16 May 2008 13:56:59 +0000 http://www.complinet.com/global/news/news/article.html?ref=110587 The Financial Services Authority has postponed, for a second time, a planned discussion paper on what chief executive Hector Sants described as the critical and important policy area of regulatory transparency. Fri, 16 May 2008 13:48:47 +0000 http://www.complinet.com/global/news/news/article.html?ref=110602 The Law Commission's planned insurance law reforms will make a new distinction between consumers and businesses, a London barrister said at the Lloyd's conference on insurance law and regulation. Fri, 16 May 2008 12:01:58 +0000 http://www.complinet.com/global/news/news/article.html?ref=110559 Rumours of the life insurance industry's demise will hopefully have been exaggerated but leading industry players have called on colleagues to embrace regulatory change and focus on the customer — or leave the industry. Thu, 15 May 2008 20:34:02 +0000 http://www.complinet.com/global/news/news/article.html?ref=110584 Today's roundup includes the FSA recognising ICE Clear Europe Ltd as a Recognised Clearing House for the purposes of the Financial Services and Markets Act 2000. Thu, 15 May 2008 20:00:00 +0000 http://www.complinet.com/global/news/news/article.html?ref=110499 Colleges of supervisors for large cross-border banks have discreetly existed for a long time, in some cases for decades. Thu, 15 May 2008 16:34:01 +0000