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12 December 2017

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Solvency II

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PRA begins next stage of Solvency II consultation

12 December 2017

The Prudential Regulation Authority (PRA) kicked off the second stage of a three-part consultation on the Solvency II regulatory framework with a look at the process for changing companies’ internal modelsRead more


UK lawmakers’ Solvency II wish list exceeds PRA proposals

7 November 2017

An influential UK parliamentary committee report on Solvency II has put UK regulator the Prudential Regulation Authority (PRA) on a tighter leash, though risks making Brexit more complicated, regulatory experts sayRead more


Opinion: Getting the message across

30 October 2017

One is the brash one, prone to sailing close to the wind, with a bit of a gambling habitRead more


EC regulatory reforms to ‘level Solvency II playing field’

26 September 2017

UK carriers looking to establish EU subsidiaries for Brexit face less room for manoeuvre after the European Commission (EC) issued plans to bolster the bloc's financial regulators at the expense of national watchdogsRead more


Opinion: Feeling the spirit

24 August 2017

Managers, do you love regulation?Read more


Markerstudy discloses actions on £109mn capital shortfall

4 July 2017

Gibraltar-based motor insurance specialist Markerstudy ran a £109.0mn ($141.2mn) solvency capital ratio (SCR) deficit in 2016, prompting the insurer to take action to cover the shortfallRead more


Compre strikes first captive legacy deal

12 June 2017

Legacy specialist Compre has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-LavalinRead more


Opinion: Letterbox Brexit

1 June 2017

The European Securities and Markets Authority (Esma)'s missive on Wednesday to national EU regulators handling licence applications from Brexit migrants evoked the image of a harassed mother entreating squabbling children to please shareRead more


AM Best shuns Solvency II model use in ratings

22 May 2017

AM Best has said it will not directly use Solvency II results in its rating assessments over concerns the regime does not provide an accurate picture of carriers' balance sheetsRead more


EC threatens states with court action over Solvency II

19 May 2017

The European Commission (EC) has called on five EU member states to fully transpose Solvency II rules into national legislation or face a referral to the EU Court of JusticeRead more


Markerstudy placed up for sale

9 May 2017

Gibraltarian motor insurer Markerstudy is exploring a sale as a tightening of the regulatory regime in the British overseas territory and the change to the Ogden rate put pressure on its model, The Insurance Insider can revealRead more


Brussels will push more EU business to Lloyd’s: Nelson

26 April 2017

The outgoing Lloyd's chairman John Nelson is optimistic that the planned Brussels unit will increase the volume of EU business the specialty market does on the ContinentRead more


Peak Re’s Swiss unit gets A- rating from AM Best

21 April 2017

Chinese reinsurer Peak Re's Zurich-based operation has received a financial strength rating of A- from AM BestRead more


PRA probes deeper on general insurance stress tests

18 April 2017

The UK Prudential Regulation Authority (PRA) has opted for depth in favour of breadth in the first general insurance stress tests since Solvency II capital requirements took effectRead more


Impact of UFR change minimal: Bernstein

7 April 2017

The European regulator's decision to reduce the ultimate forward rate (UFR) from 4.20 percent to 3.65 percent will have a limited impact on most (re)insurers, according to a note from Bernstein analyst Thomas SeidlRead more


Insurance CIOs embrace investment complexity

30 March 2017

UK insurers plan to invest in more complex securities over the next year, according to an Axa Investment Management (Axa IM) survey of investment decision-makersRead more


Opinion: Lloyd’s Brussels

30 March 2017

Lloyd's has shunned the status quo option with the surprise choice of Brussels as the hub for its new EU subsidiaryRead more


PRA plans internal model approval charges

24 March 2017

The Prudential Regulation Authority said it wants to introduce a fee for full and partial internal model approvals under Solvency IIRead more


Top line growth slows in Q4 for Global Re

21 March 2017

Global reinsurers posted slower gross written premium (GWP) growth in their P&C reinsurance divisions in the fourth quarter, as attractive new business became increasingly scarce in the soft market cycleRead more


LMG asks for assurance on post-Brexit equivalence

9 March 2017

The London Market Group (LMG) today called for a guarantee that the London insurance market will have regulatory equivalence with the EU after BrexitRead more


Enstar strikes £957mn RSA legacy deal

8 February 2017

Bermudian carrier Enstar has triumphed over competitors to strike a deal with RSA to reinsure a legacy UK employers' liability book with gross reserves of £957mn ($1.2bn)Read more


Beazley committed to growth in 2017

3 February 2017

Beazley is to continue targeting growth this year, despite an expectation that rates will further decreaseRead more


Run-off deals to total EUR8bn in 2017: Darag

3 February 2017

Run-off specialist Darag is expecting EUR8bn ($8.6bn) of legacy deals in Europe in 2017 as companies look to address their back books for regulatory and capital efficiency reasonsRead more


Wade calls for cross-border industry action on Brexit

31 January 2017

London market protagonists and European reinsurers should together lobby to secure an “equivalence” regime for the UK with the EU so that the industry isn’t burdened with individual regulators’ collateral requirements after Brexit, said insurance industry veteran Michael WadeRead more


PRA could allow interim capital additions after $200bn loss

31 January 2017

The UK Prudential Regulation Authority (PRA) could permit "back of a fag packet" capital add-ons to allow carriers time to properly adjust their Solvency II internal models following a market-changing event, according to director of general insurance Chris MoulderRead more


Lloyd’s CEO Beale details Brexit thinking

27 January 2017

Lloyd's CEO Inga Beale said the Corporation hopes to avoid having to erect elaborate infrastructure for the EU subsidiary it is looking to establish to retain market access after BrexitRead more


Insurance industry welcomes May’s ‘Brexit clarity’

17 January 2017

Insurance industry representatives today welcomed greater clarity on Brexit from Prime Minister Theresa May as she promised a "phased transition period" and confirmed the UK won't remain part of the single market after it leaves the EURead more


US-EU talks yield covered agreement for insurers

13 January 2017

US and European negotiators have reached a covered agreement to harmonise regulation of insurers and reinsurers and remove barriers to transatlantic businessRead more


RAA calls for covered agreement conclusion

14 December 2016

The Reinsurance Association of America (RAA) has urged the European Union (EU) and US to finalise a covered agreement for prudential (re)insurance supervision, as talks on regulatory equivalency rumble onRead more


O’Donnell replaces Catlin as ABIR chairman

8 December 2016

RenaissanceRe president and CEO Kevin O'Donnell has been elected chairman of the Association of Bermuda Insurers and ReinsurersRead more


Forthcoming UK tax changes to hit loss reporting

8 November 2016

A raft of changes to UK corporate tax law next year are likely to cause substantial disruption to how insurers structure their financial reportingRead more


BaFin stance leaves US (re)insurers frustrated

24 October 2016

US (re)insurers have found themselves in limbo ahead of the major 1 January renewal for German cedants' business, following a rule change by German regulator BaFinRead more


Gable lands in administration under Liechtenstein orders

12 October 2016

Gable Insurance AG (GIAG) went into administration today as financial regulators in Liechtenstein placed the ailing insurer's operations into the hands of PricewaterhouseCoopers’ Swiss branchRead more


Solvency II support wanes, Grant Thornton survey shows

5 October 2016

Only a quarter of senior executives operating in the UK general, life and health insurance markets believe that operating in accordance with Solvency II regulations is the best way to run their business, according to Grant Thornton UKRead more


The lure of multi-asset

4 October 2016

Pension funds and retail investors have been using multi-asset funds to help meet their return targets for years, but the idea has struggled to gain traction in non-life insurance circlesRead more


FX woes push Gable to H1 loss

3 October 2016

Troubled Liechtenstein-based insurer Gable has posted a loss of £2.3mn ($3mn) for the first half of 2016 after it suffered a £3.4mn negative impact from sterling movements following the Brexit voteRead more


US will not apply for formal SII equivalence: FIO

29 September 2016

The US insurance market will not apply to the EU for formal Solvency II equivalence, according to Federal Insurance Office (FIO) director Michael McRaithRead more


Trade bodies rally round covered agreement talks

21 September 2016

Several (re)insurance associations have reiterated their support for upcoming talks between the US Treasury and the European Union over a covered agreementRead more


Gable backpedals on share delisting

19 September 2016

Beleaguered Lichtenstein-based carrier Gable has reversed its decision to delist its shares from the Aim marketRead more


UK government to examine Solvency II options post-Brexit

13 September 2016

The UK Treasury Select Committee has launched an inquiry to determine whether there are "options" for UK insurers and the Solvency II regime after leaving the EURead more


Gable chairman resigns in latest departure

9 September 2016

Non-executive chairman Jost Pilgrim has resigned from the Gable board in the latest in a series of departures from the troubled Lichtenstein-based insurerRead more


Connerty leaves Gable after one year

31 August 2016

Julian Connerty has resigned his position as non-executive director at Gable, effective immediately, after just over one year with the beleaguered Lichtenstein-based carrierRead more


CIRC requests ‘measured pace’ to capital standard development

27 July 2016

The China Insurance Regulatory Commission (CIRC) has called on the International Association of Insurance Supervisors (IAIS) to take an unhurried approach to creating a global insurance capital standardRead more


XL Group completes Bermuda redomicile

25 July 2016

XL Group, the top holding company of XL Catlin, has completed its planned redomestication from Ireland to Bermuda, it announced todayRead more


Insurance Europe warns of lack of political support for ICS

19 July 2016

Trade body Insurance Europe has voiced concern about the lack of political support for the development of the global insurance capital standard (ICS)Read more


Gable stock stabilises after trading recommences

18 July 2016

Shares in Liechtenstein-based carrier Gable Holdings have risen in value this morning (18 July) after it recommenced trading on London's AIM marketRead more


PRA defers SII external audit decision

4 July 2016

UK regulator the Prudential Regulation Authority has deferred its decision on whether carriers can use external auditors to assess their Solvency II capital disclosures, it announced today (4 July)Read more


Nelson: Lloyd’s equipped to operate in new environment

24 June 2016

Lloyd's chairman John Nelson has issued a statement in the wake of the UK's EU referendum result, with a clear message that business will carry on as usualRead more


Executive pay made more challenging by SII changes

23 June 2016

Solvency II has made senior executives' remuneration requirements more onerous, according to a survey of financial services chairmen and CEOs by executive search firm Per Ardua AssociatesRead more


Stahel: collateral appeal to grow under SII

20 June 2016

Collateralised reinsurance is likely to be the main driver of insurance-linked securities (ILS) growth as Solvency II pushes insurers to seek out "cash in a box" risk transfer solutions for peak cat risk, according to Michael Stahel, partner and portfolio manager at LGT ILS PartnersRead more


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