UK life firms' matching adjustment benefit drops to £66bn
Analysis of 2022 year-end reports by Insurance Risk Data
Royal London achieved extra capital benefit in 2022 from MA usage
But the insurer's solvency and financial condition report shows TMTP gave far higher capital benefit
Royal London sales up 12% in 2022, completes with-profits consolidation
UK mutual exits over-50s life insurance market as reinsurance costs increase
UK moves to prevent demutualisation, but capital plan stalls
Proposal for mutuals to issue share capital put out for review
UK Solvency II reforms warmly welcomed by life insurers
The changes would include cuts to the risk margin for life insurers of 60-70%, while capital held by life insurers could be slashed by 15%. Paul Walsh and Cintia Cheong get the market's reaction
Seamus Creedon appointed interim chair at LV as Royal London talks continue
Former KPMG consultant will overhaul the board after failed Bain Capital sale
Bain's acquisition of LV rejected, Royal London reapproaches
MP calls for review of mutuals law
ABI names Hannah Gurga as director general
Baronesses Nicky Morgan and Dianne Hayter will also take on senior leadership roles
Aviva names Andrea Montague group CRO
Jan-Hendrik Erasmus had been Aviva's group CRO until July, but has since left the insurer