Legal

The utility has requested permission to continue to pay insurance premiums totalling around $439mn a year.

The probe mirrors the investigation started by the UK’s FCA in 2017 which was taken over by the European Commission that same year.

Hayley Spink told a Fitch conference that EEA regulators had signalled flexibility on claims payments as Lloyd’s mammoth Part VII transfer progresses.

Society of Claims Professionals aims to boost public trust

The accounting body says the changes should make it easier for insurers to explain the impact of the standard to investors.

Harrison is a joint venture with UK insurance group Harrison Horncastle.

Lloyd’s management has joined the long list of absentees from the annual Alpine talking shop at Davos.

The three-year grace period for servicing run-off books compares with leeway of up to 15 years under the equivalent UK scheme.

American broker representatives welcome clarification of the new rules.

David Bruce has been appointed CEO of the new subsidiary.

Tuesday’s House of Commons vote on Prime Minister Theresa May’s EU withdrawal agreement was both utterly predictable and surprisingly unsettling.

Some insurers in the Golden State may have been happy to see the back of the vocal and strong-willed Dave Jones, but the jury is still out on his replacement in the role of California insurance commissioner.