Regulation

The ratings agency repeated its expectation that 10% of ratings in the (re)insurance sector will be affected by its new criteria.

LMG CEO Caroline Wagstaff said the consultation would help the UK government to “hold regulators properly to account”.

Sean McGovern, chair of the London Market Group, outlined why it is critical for the trade body’s outreach programme to build the market’s talent pipeline and attract data science expertise.

The FCA wants streamline listing rules in the UK to attract a wider range of companies to IPO in London.

The UK Prudential Regulation Authority plans to publish an annual report showing how it has implemented a statutory duty to enable economic growth and the financial sector’s competitiveness.

What you need to know about the changes to international accounting standards for insurance contracts, which became effective at 1 January.

At Trading Risk’s London ILS 2023 conference, the PRA’s head of division for London markets, Andrew Dyer, explained how the PRA is executing its plans to bolster the UK ILS market.

The Brazilian reinsurer falsely disclosed that Berkshire Hathaway was a shareholder in the company to prop up the share price.

A group of Conservative MPs has launched the Regulatory Reform Group to push the agenda.

The authority will be investing £12.7mn to implement regulatory reforms that will see it focus on economic growth as a secondary objective.

The new 15-strong committee is to provide underwriting guidance to the wider market.

Reliable ESG information is increasingly important, as an estimated $33.9tn of global assets under management will consider ESG factors within three years.