Archive

  • UK watchdog on guard for annuities market intervention

    12 July 2017

    Financial Conduct Authority will step in if further providers withdraw

  • UK motor premiums rise almost £100m after Ogden rate cut

    10 July 2017

    Benefits from whiplash reforms could be wiped out if Ogden bombshell is not defused, says ABI

  • Fronting is not a solution for cross-border business after Brexit

    28 June 2017

    Regulators will monitor use of 'empty shells', conference told

  • The 'winners' and losers from the Ogden rate change

    20 June 2017

    Insurers with lower retention rates increased their motor market share in Q1 as others were forced to raise prices faster. They are, however, likely to be hit harder during their reinsurance renewals, and the profits lost across the entire sector could reach £3.5bn. Callum Tanner reports

  • UK election "no disaster" for Ogden rate reform - ABI chief

    25 April 2017

    Huw Evans dismisses fears that general election will harm efforts to reform insurance legislation

  • 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

  • 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 insurers emphasise post-Brexit opportunity

    26 January 2017

    Senior management from Lloyd's, L&G, Prudential and the ABI have presented evidence to the Treasury Select Committee. With a hard Brexit now on the horizon most firms have given up on retaining single market access and are instead focusing on the benefits of changing Solvency II. Callum Tanner reports

  • TSC hearing: gaining equivalence a priority for UK Solvency II reforms

    17 January 2017

    Single market access now off the cards after May speech