Insight and Intelligence on the London & International Insurance Markets

18 May 2012

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Fitch gives qualified welcome to Lloyd’s Vision 2025

17 May 2012

Ratings agency Fitch has said that the emerging markets strategy at the heart of Lloyd's Vision 2025 strategic plan is a net positive, albeit observing that it does carry additional riskRead more


Forgotten Pillar III: 84% of European insurers not ready

14 May 2012

Solvency II reporting regulations under Pillar III are a low priority, with 84 percent of European insurers still not having implemented a reporting framework and complementary systems, according to a recent studyRead more

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Eiopa overrules confidentiality clauses on third-party models

14 May 2012

Eiopa has warned that confidentiality conditions on third-party internal models will not justify an insurer refusing to show that a model fulfils all Solvency II requirementsRead more

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NFIP may require further short-term extension

14 May 2012

A US Senator has said yet another short-term extension of the National Flood Insurance Programme (NFIP) looks likely as US lawmakers will not make the 31 May deadline for acting on a long-term bill. 
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Bernardino says more regulation for loss adjusters

14 May 2012

Gabriel Bernardino, head of the European insurance watchdog Eiopa, has added his voice to calls for more regulation of loss adjusters and said the profession is likely to be "further recognised" at EU-level in the near futureRead more

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Solvency II equivalence dismissed as European arrogance

14 May 2012

Requiring other jurisdictions to seek regulatory equivalence to the incoming Solvency II regime was dismissed as an example of European arrogance during InsiderScope New York's regulation panelRead more

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NFIP may require further short-term extension

10 May 2012

A US Senator has said yet another short-term extension of the National Flood Insurance Programme (NFIP) looks likely as US lawmakers will not make the 31 May deadline for acting on a long-term extension billRead more

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Ryan and CRC bury hatchet

8 May 2012

The two-year legal battle that followed the mass defection of employees from CRC to the wholesale arm of Ryan Specialty Group (RSG) is over, after parties reached a global settlement over ongoing poaching disputesRead more

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Mitsui fined for capital shortfall and ‘deficient’ governance

8 May 2012

Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEU) has been fined £3.35mn for serious corporate governance failings and its former executive chairman Yohichi Kumagai has been banned and fined £119,000Read more

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FSA’s Turner says European regulation should be flexible

2 May 2012

UK Financial Services Authority (FSA) chairman Lord Adair Turner has called for a mix of "more Europe and less Europe" in policy response to the financial crisisRead more

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