Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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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

Eiopa urges worst-case scenario Brexit planning

21 December 2017

The European Insurance and Occupational Pensions Authority (Eiopa) has urged carriers to expedite their Brexit contingency planningRead more

Opinion: (Desert) island tax reform

21 December 2017

There's an old joke about a physicist, a chemist, and an economist all stranded on a desert island. Nearing starvation, one day they find a washed up crate full of tinned food. Only one problem - how to open it?Read more

EC gives member states longer for IDD rollout

20 December 2017

The European Commission has delayed the implementation of the Insurance Distribution Directive (IDD) by almost eight months following an intervention by European parliamentariansRead more

Coverys Syndicate gets go-ahead from Lloyd’s

20 December 2017

Coverys Syndicate 1975 has received Lloyd's approval to begin writing business from 1 January 2018Read more

Lloyd’s brings cyber supervision in line with PRA

20 December 2017

Lloyd's is aligning its supervisory approach to underwriting cyber risk with that of UK watchdog the Prudential Regulation Authority (PRA) in order to remove duplicationRead more

PRA gives EEA commercial carriers Brexit branches leeway

20 December 2017

The Prudential Regulation Authority (PRA) has delivered a major fillip to London market efforts to preserve existing business arrangements after Brexit with a proposal to supervise European Economic Area (EEA) commercial carriers as branches rather than making them become subsidiariesRead more

Tax cuts to generate double-digit EPS growth at US P&C carriers

20 December 2017

Domestic carriers that are heavily concentrated in the US will benefit the most from a cut in the corporate tax rate to 21 percent from 35 percent, with equity analysts estimating around a double-digit uplift in next year's earningsRead more

Opinion: Navigators' EU route planner

20 December 2017

Navigators' plan to buy a Belgian insurance group represents a rare piece of Brexit-related M&ARead more

Travelers chooses Dublin for post-Brexit EU base

19 December 2017

Travelers is applying to the Central Bank of Ireland for permission to establish an insurance subsidiary in the countryRead more

Neon gets PRA green light for $60mn sidecar

19 December 2017

Lloyd's (re)insurer Neon will become the first party to use the new UK insurance-linked securities (ILS) framework after it secured approval from the Prudential Regulation Authority (PRA) to launch a sidecarRead more

Insurance Europe warns on ‘collective redress’ overreach

19 December 2017

Industry association Insurance Europe has warned that European Commission efforts to overhaul 2013 rules for group litigation could be detrimental to insurersRead more

UK regulators ease introduction of conduct and certification regime

19 December 2017

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have offered leeway on the incoming Senior Managers and Certification Regime (SM&CR) with the promise of an implementation period and relief for some companies from certain requirementsRead more

Brexit relocations raise prospect of VAT hit

19 December 2017

UK insurers looking to establish infrastructure-light entities in the EU because of Brexit while servicing them from Britain could face hefty VAT bills, tax experts have warnedRead more

Opinion: Long-running tax debate nears end

18 December 2017

For WR Berkley founder and executive chairman Bill Berkley, the coming week's votes on tax reform in Congress could mark a successful milestone on a years-long campaign to close a loophole that in his view favours offshore (re)insurers at the expense of their American competitorsRead more

Opinion: Tax tussles

15 December 2017

It's ironic that it takes a continent traditionally caricatured by Americans for its penchant for smelly foods and state intervention to point out that incoming US tax reforms could break international trade rulesRead more

Opinion: Just a little more time

15 December 2017

The gift of time - better than a box of Milk Tray or a bottle of perfume. Ask any Brexit contingency planner, working parent or payroll manager expediting December salariesRead more

Canopius signs up to Flood Re

14 December 2017

Lloyd's carrier Canopius has joined the UK government-backed Flood Re scheme, gaining a backstop for the cover it provides in areas at risk of floodingRead more

New York bans setting auto rates by job or degree

14 December 2017

New York State has banned auto insurers from using an applicant’s education attainment level or occupation and earnings as a basis to begin setting rates, saying the practice could be unfairly discriminatoryRead more

Republican tax accord cuts corporate rate to 21%

13 December 2017

Republican leaders in Congress reached a deal on the shape of a tax overhaul that they aim to send to President Donald Trump by the end of next week, ushering in a deep cut in US corporate income taxes at the start of next yearRead more

Brokers ask for more time in FCA wholesale market probe

12 December 2017

The Financial Conduct Authority (FCA) has set an unrealistic deadline for a key fact-finding exercise that forms part of its wholesale insurance market study, the London & International Brokers' Association (Liiba) has arguedRead more

Results: 1957

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