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Insurers’ glass ‘half-full’
General insurers rediscovered their optimism in the second quarter of 2010 despite declining profitability, according to the latest survey of the UK financial services sector from business lobby group the CBI and PricewaterhouseCoopers (PwC).
28 June 2010
RBSI multi-billion pound restructure considers use of Part VII transfer
PricewaterhouseCoopers (PwC) has been appointed to advise on plans for a multi-billion pound corporate restructuring at Royal Bank of Scotland Insurance (RBSI) as it prepares to consolidate and transfer liabilities ahead of a Europe Commission imposed sale.
11 October 2010
RSA: Breaking up is hard to do
The slump in RSA's share price since it issued two profit warnings last month has made the UK general insurer more palatable to acquirers, but a sale of assets would be a more likely scenario as the company seeks to protect its dividend. We look at the group's options and the likely protagonists...
04 December 2013
PE firms looking to exit ‘class of 2005’
This year would typically be a natural time for the initial private equity sponsors of the "class of 2005" start-up Bermudians and those remaining in the "class of 2001" to look to exit, according to accountancy firm PricewaterhouseCoopers (PwC).
13 April 2010
Eiopa doubles threshold to EUR12bn for SII stability regime
The European Insurance and Occupation Pensions Authority (Eiopa) has raised the threshold for (re)insurers reporting under its financial stability mandate to include firms with EUR12bn of assets on their Solvency II balance sheet.
16 July 2012
Beazley shares leap after strong 2012 results and special dividend
A day after a flurry of Bermudian and US specialty insurers posted Wall Street-beating earnings, the UK-listed Beazley Group demonstrated it was equal to the task with strong 2012 results
07 February 2013
European run-off valued at EUR202bn
The size of the continental European run-off market swelled to an estimated EUR205bn in 2009, compared to EUR196bn in 2008.
09 March 2010
Insurers’ corporation tax payments go above banks
Insurers' consistent profitability through the financial crisis means the industry is now paying more corporation tax than the banking sector, according to UK tax experts.
21 December 2010
News in brief
LMA cool on Suez threat; Marsh unveils Maplecroft link-up; EU announces Eiopa chairperson; GCube $500mn solar expansion driven by demand; Litmus Analysis hires S&P veteran; Oxford hires PI duo after cash injection; AM Best gives Arch ratings boost; RFIB targets growth in Russian retail sector; PWC appoints insurance chief
07 February 2011
Minster scheme gains US recognition
Minster Insurance, the solvent scheme of arrangement sanctioned in the UK in March, has been granted Chapter 15 relief that prevents legal action against the scheme by US policyholders, The Insurance Insider understands.
06 September 2010
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