Regulation

The regulator said increased home-working and digitalisation had heightened levels of cyber risk.

New rules for short-term export credit insurance will apply from 1 January 2022.

The Stephen Catlin-led business will now be able to write business across the EEA from London.

The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.

Senior managers will be able to use the FCA’s powers to vary or limit a firm’s permissions and impose requirements.

Charlotte Gerken said Solvency II had proved a constraint to certain investments, with lengthy approval processes.

Gallagher has pushed retention and equity awards unusually far down the organisation as it looks to keep the team intact.

The watchdog had been due to announce a decision on a further inquiry by 29 November.

European regulation on dividends is a “disaster” for the insurance industry and “shouldn’t repeat itself”, according to Allianz CEO Oliver Bäte, speaking during the S&P Global Ratings European insurance conference.

Hannah Gurga joins as the new director general, replacing Huw Evans.

The London market has been encouraged by proposals to give the FCA and PRA a statutory objective to promote competitiveness and growth.

Regulators must be less demanding around data requirements from brokers as intermediaries make the shift towards net-zero, the London & International Insurance Brokers Association (Liiba) says.