Insight and Intelligence on the London & International Insurance Markets

19 April 2018

Search archive

Briefings

Date | Relevancy
10 | 50

AIG gains clearances for Brexit entities as portfolio transfer begins

19 April 2018

AIG has received regulatory authorisations for two new insurance companies in preparation for Brexit, putting it ahead of many rivals in its contingency planningRead more


Multiple cat event years to become new norm: Swiss Re

17 April 2018

Last year was the worst on record for catastrophe losses, but (re)insurers must be prepared for the possibility of more frequent multiple-disaster years in future, according to a Swiss Re reportRead more


FCA eases wholesale broking report timeframe

9 April 2018

The Financial Conduct Authority has indicated the interim findings of its wholesale broking review may come later than expectedRead more


Opinion: The art of persuasion

4 April 2018

Industry protagonists including the International Underwriting Association spotted a problem with the Prudential Regulation Authority's post-Brexit branches-versus-subsidiaries largesse for European Economic Area carriersRead more


UK solicitors' regulator proposes lower PI limits

26 March 2018

The UK's Solicitors Regulation Authority has proposed reducing the amount of mandatory professional indemnity insurance cover that law firms must buy, arguing that most claims are settled well under the current limitRead more


Biba chair calls for 'mutual market access' after Brexit

23 March 2018

British Insurance Brokers' Association chairman David Hunt, Baron Hunt of Wirral, has reiterated calls for a free-trade agreement between the UK and the EU after BrexitRead more


Irdai member castigated over Marsh 'kick-back' case

21 March 2018

India's Securities Appellate Tribunal has accused a member of the country's insurance regulator of "virtually aiding and abetting corruption" in disregarding a case which alleges Marsh provided kick-backs to an insured in return for its businessRead more


Opinion: Brexit breathing space

20 March 2018

The 21-month Brexit transition deal - agreed in principle yesterday - was never going to please everyoneRead more


NFIP reform logjam may persist into next year

20 March 2018

National Flood Insurance Program (NFIP) reform advocates say prospects are dimming rapidly for advancing legislation this year calling for significant changes in the taxpayer-subsidised carrierRead more


Florida lawmakers fail to pass AOB reform

20 March 2018

Lawmakers in Tallahassee have once again failed to tackle the assignment of benefits (AOB) crisis that reform advocates say is rapidly pushing up insurance rates and dragging down the Florida economyRead more


UK government mulls satellite liability cap

20 March 2018

The UK Space Agency is considering a change to the calculation of third-party liability requirements for satellites that would boost the space insurance industry, The Insurance Insider can revealRead more


California demands insurers pass on tax savings

19 March 2018

California Insurance Commissioner Dave Jones has put insurers on notice over rates, warning that January's 14-point cut in the corporate tax rate needs to be reflected in their pricingRead more


Opinion: Regulatory risk

15 March 2018

Crop (re)insurers suffered some lean years after the US government changed the rules of the game in 2011, with the added stress of a severe drought in 2012 producing the sector's first net loss in a decadeRead more


Post-Brexit contract ‘grandfathering’ vital: Insurance Ireland

13 March 2018

Insurance Ireland has renewed calls for existing contracts spanning the post-Brexit border to be recognised after March 2019 amid signs of European Commission intransigence on the issueRead more


European insurers face consent requirement ‘patchwork’ under GDPR

13 March 2018

Insurers are hoping that the pan-European data protection advisory body will intervene to safeguard the sector's ability to handle sensitive consumer data across the bloc after the General Data Protection Regulation takes effectRead more


Insurance Capital Standard will miss timetable: ABI’s Savill

6 March 2018

The new global capital framework for insurers is likely to be delayed beyond the planned late-2019 introduction date, according to the Association of British Insurers' director of regulation Hugh SavillRead more


Alpha in liquidation after CBL collapse

5 March 2018

Danish motor insurer Alpha has gone into solvent liquidation as a result of the collapse of CBLRead more


PRA's Woods pushes back on Solvency II overhaul demands

27 February 2018

The debate about Solvency II reforms has lost sight of the policyholder, the Prudential Regulation Authority's Sam Woods told delegates at the Association of British Insurers' annual conference todayRead more


Leaders call for post-Brexit contract continuity at ABI conference

27 February 2018

A cross-border plan for contract continuity after Brexit, as well as a transitional period, need to be decoupled from the wider political discussions and agreed as soon as possible, executives speaking at the Association of British Insurers annual conference have saidRead more


BMA criticised for lack of consultation over ILS requirements

27 February 2018

The Bermuda Monetary Authority (BMA) has been criticised for demanding new disclosures from local alternative reinsurance operators without sufficient consultation with involved partiesRead more


IUA requests PRA slack for EU branches after Brexit

23 February 2018

The International Underwriting Association (IUA) is seeking regulatory leeway on a proposed threshold after which European carriers with consumer-facing operations would have to convert their UK branches to subsidiaries for BrexitRead more


Opinion: GDP-aagh

20 February 2018

It is 94 days before the EU's General Data Protection Regulation (GDPR) takes effect and it's a fair bet that the insurance sector is anticipating it with almost as much relish as they would a Californian casualty class action or a Guardian "Me Too" expose of their chief compliance officerRead more


Irish central bank orders CBL Europe to stop writing new business

20 February 2018

The Central Bank of Ireland (CBI) has ordered the European arm of New Zealand-headquartered credit surety insurer CBL to stop writing new business with immediate effectRead more


Opinion: Crop insurance reform

16 February 2018

In America's heartland this week, the sunny optimism over government-backed crop insurance that prevailed last month turned to dismay as the Trump administration proposed deep cuts and reforms that may drive farmers' costs sharply higherRead more


EU delays IDD implementation

15 February 2018

EU insurance regulators will have more time to prepare for the incoming Insurance Distribution Directive after the European Council agreed to push back the implementation date for the new rulesRead more


Liiba-EY report aims to aid brokers’ Brexit planning

15 February 2018

The London & International Insurance Brokers' Association and EY have compiled a report designed to help UK brokers choose a location for new European subsidiaries amid growing uncertainty around Brexit implications for intermediariesRead more


Regulation cost hinders London market innovation: Howden

8 February 2018

The cost of regulation is stifling innovation in the London market, Hyperion CEO David Howden told an audience at The Insurance Insider's Insider London event todayRead more


US tax reform tests total return reinsurers

6 February 2018

Total return reinsurers have been caught off guard after proposed changes in the US tax regime threatened to redefine offshore affiliates as investment managers and not reinsurersRead more


Market stands behind Beale's PPL rallying cry

6 February 2018

Inga Beale's statement yesterday that Lloyd's was willing to mandate the use of Placing Platform Limited (PPL) was not quite the go-it-alone pronouncement it seemed, with the move agreed by the London market's modernisation group early last weekRead more


LMA urges more work before PPL is made compulsory

5 February 2018

The Lloyd's Market Association has called for five changes to the market's electronic placing system before it becomes compulsoryRead more


Lloyd’s to mandate the use of PPL

5 February 2018

Lloyd's is planning to direct all brokers and underwriters to use Placing Platform Limited (PPL), the London market's digital risk placement systemRead more


Streamlined London market claims model goes live

1 February 2018

A new single claims agreement model for non-complex claims has launched today in the London market after receiving final approval from major insurance trade bodiesRead more


UK Treasury sets December date for new conduct rules

29 January 2018

Insurers have until 10 December to prepare for a new governance and conduct regime which brings the sector in line with rules for top bankers and asset managersRead more


SoftBank pursues Indian insurance price aggregator: Bloomberg

25 January 2018

Japanese telecoms and internet investor SoftBank Group is in talks to back Indian digital insurance aggregator PolicyBazaar at a valuation of at least $800mn, according to BloombergRead more


Biba calls for temporary reprieve from new rules

22 January 2018

The British Insurance Brokers' Association has called for a respite from new regulation, arguing that a growing mountain of costly red tape flies in the face of the UK government's goal of boosting the nation's productivityRead more


Opinion: US budget hiatus threatens NFIP

19 January 2018

Coping with the uncertainty of hurricane forecasts can be hard enough for (re)insurers looking ahead to the storm season, but leave it to Washington to make it even tougher to manageRead more


Hannover Re’s $4.2mn deal may pave way for US expansion

19 January 2018

Hannover Re quietly acquired a US shell company on Monday (15 January) that it will use as a specialty admitted insurance underwriter in conjunction with its Chicago-based Glencar MGA subsidiaryRead more


Liiba sets out 2018 PPL push

18 January 2018

The London & International Insurance Brokers' Association (Liiba) has committed to ensuring its top 50 members are signed up to electronic trading platform Placing Platform Limited (PPL) by 1 January 2019Read more


Aon, Willis shares recover despite Blair downgrade

17 January 2018

Shares of international intermediaries Aon and Willis Towers Watson bounced back today after both fell yesterday in the aftermath of a downgrade by a William Blair analyst who cited uncertainty created by a probe into broker compensation by UK authoritiesRead more


Moving from Simr to SM&CR conduct rules

17 January 2018

Large insurers already caught by a banking-inspired UK conduct, governance and accountability regime will have to implement initial changes ahead of the conversion to a successor framework in a matter of weeksRead more


California insurers may face wildfire cost hikes

16 January 2018

California wildfire victims may get more time to sue their insurers and be able to force their carriers to be more flexible in applying benefits to help them recover if legislative proposals put forward today win passageRead more


Italian tax change to bolster home insurance: Fitch

16 January 2018

An Italian tax change to encourage the purchase of catastrophe cover could spur a slight increase in home insurance premiums, according to Fitch RatingsRead more


UK government rejects competition ‘primacy’ for PRA

16 January 2018

The UK government has ridden to the rescue of the Prudential Regulation Authority by opposing a proposal to put promoting competition at the top of the regulator's "to-do" listRead more


Tax rewrite forces change but may miss revenue goals

16 January 2018

Revisions in the US tax code designed to improve America's international competitiveness are expected to provide material gains for domestic insurers but may not deliver the revenue boost for the Treasury that lawmakers envisionedRead more


(Re)insurers start adjusting to US-Bermuda tax change

16 January 2018

Bermuda-based reinsurers that do business with US affiliates began examining their options well before the ink dried last month on a reform bill that took aim at tax arbitrage strategies which have helped make the island an industry hubRead more


PRA begins third leg of Solvency II consultation

11 January 2018

The Prudential Regulation Authority (PRA) has begun the final part of a consultation about the Solvency II regulatory framework with proposals to streamline reporting requirements under the EU-wide regimeRead more


Qatar Re gains UK regulatory authorisation

11 January 2018

Qatar Re has received approval from the UK Prudential Regulation Authority to underwrite from a branch in LondonRead more


Ensurance gains FCA approval for MGA

8 January 2018

Australian construction insurer Ensurance has gained approval from the UK Financial Conduct Authority (FCA) to operate as a MGARead more


Ex-lawyer Randell named as FCA chair

5 January 2018

The UK Treasury has named former Slaughter & May lawyer Charles Randell as chair of the Financial Conduct Authority (FCA)Read more


Opinion: Tax reform and PE-backed M&A

22 December 2017

Tax reform in the US, achieved at virtually lightning speed by a Congress that typically flails for months if not years at persistent problems without resolution, has prompted much speculation and analysis as to how it may change insurance sector dynamicsRead more


Results: 1977

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π