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News

Fitch warns of deteriorating outlook for French P&C sector

Climate change is expected to cause more severe and frequent losses in 2023

Moody's warns of significant deterioration in life firms' equity

Increasing interest rates will lead to profound changes in insurers' financials, Moody's said

NN addresses solvency volatility from Dutch mortgage spreads

Valuation changes or internal model mechanisms are being considered

Aviva's group CRO exits, interim appointed

The insurer's group enterprise risk director has also departed

Aegon drops plan to reinsure US variable annuity portfolio

Dutch group also completes internal reinsurance transaction for Transamerica Life Bermuda

Greater need for insurer climate risk capital, says Scor CEO

Laurent Rousseau said regulators had started to become much more focused on the issue

Direct Line sees motor claims inflation running at 10%

UK court delays are slowing release of prior-year reserves

Korean life insurers delay perpetual bond calls

Country's life industry also facing liquidity crunch as policyholders lapse

Don't call in cheap debt, regulator warns insurers

Widening credit spreads means insurers' new issuance is more expensive

Insurance Risk & Capital EMEA conference - early bird discount ends today

The conference will be held on 1 December at the Hilton Tower Bridge in London.

UK moves to prevent demutualisation, but capital plan stalls

Proposal for mutuals to issue share capital put out for review

ASR takes on Aegon's Dutch operations in €4.9bn cash-and-share deal

ASR-Aegon combination will create second largest insurer in the Netherlands

Catastrophe risk capacity must double under "no further action" climate scenario

Bank of England staff investigation reveals some insurers' business models under threat

We have an open mind on capital for climate risk, says UK regulator

Sam Woods introduces Bank of England's conference on the topic

Analysis

Gilts crash: a boon out of a crisis for insurers

Another day, another UK financial market crash. But while it has gone wrong for British politics and pension funds, the current crisis may actually benefit insurers in the long run. Ronan McCaughey and Sarfraz Thind report

The path to sustainable cyber insurance

The cyber insurance market is growing rapidly, but demand exceeds current capacity and insurers may lose relevance unless they redefine the risk and improve their modelling. Joshua Geer reports

Ledger Investing aims to crack the casualty ILS code

Led by ex-AIG chief risk officers, Ledger Investing is entering the relative unknown in connecting insurance-linked securities (ILS) investors with casualty risks. Paul Walsh reports

Plenty of runway left for life consolidation in Europe

The business of consolidating life insurance portfolios is looking healthy, according to participants, as inflation provides a catalyst and supervisors become more familiar with transactions. Joshua Geer reports

The UK gilts crisis: a worry, not a disaster, for insurers

Plunging sterling and soaring gilt yields are buffeting insurers, but longer-term impacts of the government's disastrous "mini budget" are the real concerns, as Sarfraz Thind reports

RVS Monte Carlo 2022: reinsurers gather amid turbulent backdrop

After a two-year absence, the annual Rendez-Vous de Septembre (RVS) returns to the glitzy surroundings of Monte Carlo during an eventful period for the reinsurance sector. Paul Walsh previews some key talking points