21 May 2012
Data is a key element of the internal model review process but the UK Financial Services Authority (FSA) is still developing how a data audit will be done and by whom, according to former head FSA insurance regulator Simon Kirby… Read more
Read more articles from this issue21 May 2012
Insurers and the Financial Services Authority are under pressure from the reduced time frame to approve internal models, the Association of British Insurers (ABI) warned last week… Read more
Read more articles from this issue10 May 2012
Lloyd's heavyweight (re)insurer Beazley grew gross written premiums by 9 percent to $465mn in the first three months of the year, as it disclosed a £35mn debt buyback… Read more
Read more articles from this issue2 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 crisis… Read more
Read more articles from this issue4 April 2012
52 managing agents pass new three-light test, but one gets red light. Who is it?… Read more
Read more articles from this issue26 March 2012
Lloyd's (re)insurers, the Corporation of Lloyd's and UK general insurers will all experience hefty increases in their Financial Services Authority (FSA) levies this year. The UK regulator cited pay increases, Solvency II, the change to the regulatory system and IT costs for the sharp increase in the budget… Read more
Read more articles from this issue26 March 2012
A "paradigm shift" is needed in how policy tools are used to combat conflicts of interest, information asymmetries and market inefficiencies in the insurance and pensions industry, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa)… Read more
Read more articles from this issue26 March 2012
Lloyd's has delayed the submission of its internal model to the Financial Services Authority (FSA) until July. The model was originally due to be submitted for approval next month… Read more
Read more articles from this issue26 March 2012
A key European Parliament committee has approved the draft Omnibus II legislation, helping ease industry fears that lawmakers would miss tight deadlines required to get the Solvency II legal framework in place for a 2014 launch… Read more
Read more articles from this issue22 March 2012
Lloyd's of London has delayed the submission of its internal model to the Financial Services Authority (FSA) until July. The model was originally due to be submitted for approval next month… Read more
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