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The UK regulator is planning to review the impact of M&A on financial resilience.
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The proposals aim to cut the cost of insurer collapses and provide greater protection to policyholders.
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The combination still needs sign-off from US, EC and other international authorities. -
After more than six years at the helm the trade association chief will join the consultancy as a partner within its insurance and long-term savings practice.
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Efforts to curb covers for the most carbon-heavy assets are gaining pace and the infrastructure that allows for Paris alignment on the liabilities side of the balance sheet is improving.
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Downstream uses of oil and gas pose challenges for the (re)insurance industry, he says.
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The economic secretary to the Treasury also pledged simpler regulation following a review.
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The UK compensation scheme trims the overall bill to the financial services sector by one-fifth, although it warns of uncertainties ahead.
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Axis and Covea have so far paid the greatest number of final settlements.
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Whatever their eventual impact on runaway loss inflation the fact reforms were enacted at all is a happy surprise for the industry.
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The organisation is working with the Housing Ministry on the shape of a state-backed scheme.
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The Capitol Forum says EU competition chief Margrethe Vestager is on board with the remedies.
