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The regulator will propose quantitative metrics that Parliament could use to hold the regulator accountable for achieving a new growth objective. -
The committee will represent the views of managing agents and provide guidance and advice to the underwriting community.
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The GWP threshold for companies governed under proposed new frameworks is set to triple.
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The PRA’s Charlotte Gerken has set out the regulator’s initial thinking on tracking inward investment to the London market, among other measures, to implement its new economic growth duty.
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In a discussion paper the regulator has highlighted good practices on sustainability-related governance and competence, as it seeks more consistency among financial firms.
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The ratings agency said the weakening of the group’s performance in the first part of the year continued into the third quarter.
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City Minister Andrew Griffith has outlined hopes for the Financial Services and Markets Bill, which will enact various regulatory reforms, including a new competitiveness objective.
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The regulator made the comments in correspondence with MPs amid ongoing discussion on Solvency II reform.
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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.
