Regulation
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The regulator made the comments in correspondence with MPs amid ongoing discussion on Solvency II reform. -
The Spanish branch is part of Everest’s strategic expansion into international insurance.
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The UK Treasury has set out proposals for a new resolution regime that would be triggered when insurers are on the verge of insolvency.
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The network’s report into how regulators process approvals is the latest study to unearth operational failures at the Financial Conduct Authority.
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The association allowed managing agents to select the most suitable candidates in this election cycle.
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The regulator examined carriers’ ability to model nat-cat and cyber events, with mixed results.
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The downgrades were linked to a reduction in CEA’s claims-paying capacity to 1-in-360 years, from 1-in-400 years, and reinsurance market challenges.
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The consultation is aimed at supporting the implementation of Blueprint Two’s digital solutions.
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The proposed reforms could free wholesale brokers from rules designed for retailers.
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The industry group has launched its first target-setting protocol.
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In a House of Commons Treasury select committee meeting, PRA CEO Sam Woods and Bank of England governor Andrew Bailey discussed proposed insurance regulation reforms with MPs.
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Senate Bill 2A addresses key concerns in the Florida property market, including one-way attorney fees and assignment of benefits, the ratings agency said.
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