Cosmetic surgery is big business in the UK. According to the British Association of Aesthetic Plastic Surgeons (BAAPS), the number of facelifts, liposuction procedures, nose jobs and other surgical cosmetic operations in the UK totaled 43,172 last year, and the industry is predicted to be worth £3.6 billion in the UK by 2015. As cosmetic…

The International Association of Insurance Supervisors (IAIS) recently published a consultation paper titled, "Assessment Methodology for the Identification of Global Systemically Important Insurers". In the paper, the IAIS proposed criteria which will be used to classify insurers as "global systemically important" and invited public comment until 31 July 2012.  The paper was endorsed for consultation…

Indian insurance regulator IRDA (Insurance Regulatory and Development Authority) is currently drafting guidelines which would allow Indian insurance and reinsurance companies to open branch offices, subsidiaries or joint-ventures overseas. IRDA is currently circulating preliminary draft guidelines on what would be required of Indian insurance companies in order to allow them to open operations…