Archive

  • Bord named Flood Re's permanent CEO

    13 April 2017

    He was interim chief of UK reinsurance scheme

  • European insurers hold out hope on UK market access

    13 April 2017

    With article 50 triggered, insurers in the UK and EEA wait with bated breath for news on what will replace passporting. Although the EU looks set to take a tough line on access to the single market for the UK, pressure is mounting on the UK government to avoid retaliation. Callum Tanner reports

  • Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda

    17 March 2017

    The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports

  • Insurers split on recovery and resolution planning

    16 March 2017

    As the IAIS looks to develop a market-wide approach to systemic risk, Eiopa is developing rules that will require recovery and resolution plans from all insurers regardless of their size. This broader approach to systemic risk has split industry opinion and pitted large firms against small. Callum Tanner reports

  • ABI welcomes UK government plan for dormant insurance assets

    03 March 2017

    Unclaimed long-term savings to be given to charity

  • PRA fights back with Solvency II defence

    23 February 2017

    Aviva and L&G chief executives have exaggerated the problems with Solvency II, according to PRA chief Sam Woods. Given more freedom outside the EU, the UK regulator is unlikely to make sweeping changes. Callum Tanner reports

  • UK insurers' legal challenge on risk margin scuppered by regulator

    16 February 2017

    Legal advice commissioned by British insurers suggested that a future management action could allow firms to significantly reduce the risk margin even while the UK regulator remains bound to EU law. So far that advice has fallen on deaf ears. Callum Tanner reports

  • ABIR appoints head of policy committee

    15 February 2017

    Renaissance Re lawyer Stephen Weinstein replaces XL Catlin's Malcolm Furbert

  • Why London is losing out to Bermuda after major catastrophes

    09 February 2017

    The failure of the London Market to attract the majority of new reinsurance capital after major US catastrophes is in large part down to the flexibility of regulators. For now, Bermuda retains the advantage. Callum Tanner reports

  • UK government gets go-ahead for damages discount rate review - UPDATE

    30 January 2017

    Announcement due as ABI's appeal is rejected