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UK extends internal capital model deadline to 2015 after SII delay
The UK Financial Services Authority (FSA) will extend the Internal Model Approval Process (IMAP) for insurers to calculate their Solvency II capital requirements until the end of 2015, in light of the effective postponement of the 2014 go-live date for the European directive.
22 October 2012
London market grows to £46bn
The London market wrote £45.79bn in gross premium income last year, which was split equally between the company market and Lloyd's
22 October 2012
Data Room: Valuations
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
22 October 2012
Munich Re takes aim at Solvency II ‘moving target’
The latest delay to the Solvency II implementation date is "costly" for reinsurers, according to the industry's largest company Munich Re
22 October 2012
Cooper Gay confirms Lightyear Capital investment
Lightyear Capital LLC and other co-investors have confirmed a "substantial investment" in wholesale broker Cooper Gay Swett & Crawford (CGSC), as first revealed by The Insurance Insider earlier this year
22 October 2012
German reinsurance demand to increase: Hannover Re
Overall demand for reinsurance in Germany is likely to increase at the key 1 January renewals, according to Hannover Re
22 October 2012
Data Room: Share price movements
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
22 October 2012
European run-off market hits EUR220bn
PricewaterhouseCoopers has estimated the non-life European run-off market's total size at EUR220bn in 2012, essentially flat on last year's EUR218bn.
22 October 2012
Armour Group to buy $2.2bn of OneBeacon reserves
Bermuda-based insurer OneBeacon has agreed to sell $2.2bn of gross reserves to Armour Group Holdings.
22 October 2012
New UK regulator seeks to reassure
The Bank of England and the Financial Services Authority (FSA) have said that the UK's new prudential regulator will emphasise judgement, new risks and the different needs of individual businesses when regulating (re)insurers.
22 October 2012
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