Insurers call for rethink on capital limits November 11, 2009 INSURERS yesterday called on European regulators to widen their rethink on draconian capital restrictions proposed under the Solvency II reforms. The Association of British Insurers (ABI) welcomed indications that Europe was open to relaxing some rules for annuity providers that could potentially cost UK insurers up to £50bn a year if implemented in their current [...]
ABI: there is still faith in City bosses June 8, 2009 PUBLIC fury over the financial crisis and “fat cat” bonuses has failed to derail confidence in bosses at the City’s major companies, the Association of British Insurers (ABI) will claim today at its biennial conference. The ABI will unveil the results of a major national survey on economic sentiment suggesting that the majority of people [...]
ABI: EU plans could see UK pensions cut June 22, 2009 UK WORKERS could see their pensions cut by 20 per cent under new European Union (EU) plans to tighten pension and investment rules, the Association of British Insurers (ABI) warned yesterday. Peter Vipond, director of financial regulation at the Association of British Insurers (ABI), said he has been in talks with EU regulators over the [...]
ABI: Don’t punish other sectors June 3, 2009 Regulators and politicians must be careful not to punish other industries for the mistakes of bankers, the Association of British Insurers (ABI) warned yesterday. The ABI argued in a report entitled Restoring Market Confidence that any move to remedy flaws in banking should not affect other sectors
ABI chairman extends tenure May 21, 2009 THE Association of British Insurers (ABI), whose members hold investments equivalent to 20 per cent of the London stock market, has extended the tenture of chairman Archie Kane until 2010. The ABI said the move would enable Kane to continue leading the association in shaping its response to the financial crisis and help UK financial [...]
ABI chairman extends tenure May 21, 2009 THE Association of British Insurers (ABI), whose members hold investments equivalent to 20 per cent of the London stock market, has extended the tenture of chairman Archie Kane until 2010. The ABI said the move would enable Kane to continue leading the association in shaping its response to the financial crisis and help UK financial [...]
Investors unveil new code for shareholder activism November 16, 2009 HEAVYWEIGHT City shareholders yesterday unveiled guidelines designed to counter criticism they do not scrutinise the companies they invest in closely enough. The code includes pledges to monitor companies, subject boards to closer scrutiny, ensure independent directors are sufficiently powerful and intervene in company management when needed. The code was set up by the Institutional Shareholders [...]
CITY MOVES WHO’S SWITCHING JOBS November 5, 2009 Association of British InsurersThe ABI has appointed Kerrie Kelly, currently chief executive of the Insurance Council of Australia (ICA), as its new director general, effective from next February. Kelly has led the ICA since 2006, having formerly been CEO of the country’s Financial Planning Association. She is currently a non-executive director at HSBC in Australia, [...]
CITY MOVES WHO’S SWITCHING JOBS November 5, 2009 Association of British InsurersThe ABI has appointed Kerrie Kelly, currently chief executive of the Insurance Council of Australia (ICA), as its new director general, effective from next February. Kelly has led the ICA since 2006, having formerly been CEO of the country’s Financial Planning Association. She is currently a non-executive director at HSBC in Australia, [...]
BANKS TO DISCLOSE ALL PAY OVER 1M November 25, 2009 THE government will today announce plans to implement in full the recommendations of the Walker review, paving the way for a massive shake-up of corporate governance and much greater openness over pay at the City’s largest financial institutions. From 2010 onwards, FTSE-100 banks and comparable financial institutions such as large building societies will be forced [...]