Archive

  • 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

  • The ongoing ordeal of Ogden

    11 April 2017

    The change to UK's damages discount rate came as a huge surprise to many insurers. But this is far from being a one-off shock. Christopher Cundy 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

  • XL Group to take $75m reserve hit from Ogden change

    01 March 2017

    Insurance business less impacted than reinsurance due to low claims

  • Ogden rate battle: insurers will be consulted on review

    01 March 2017

    Discount rate needs to be fair, say Hammond and ABI

  • Insurance CEOs argue against Ogden rate cut

    28 February 2017

    Top bosses to ask chancellor to block Truss's rate reform

  • 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

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

    30 January 2017

    Announcement due as ABI's appeal is rejected