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News

Penn Mutual promotes CRO to CFO

Dave Raszeja takes over from Sue Deakins

Helvetia acquires majority stake in Spain's Caser for €780m

The Swiss insurer will issue hybrid bonds and equities to finance the purchase

Scor appoints Chantal Bond as head of actuarial, Apac

Bond was highly commended in last year's InsuranceERM awards

Moody's predicts "materially" lower 2020 solvency for German life firms

Effects of falling rates will outweigh cuts in policy bonuses, rating agency says

Bank of England publishes 2020 Libor transition plan

Sterling Libor will "cease to exist" after 2021

Denmark's Gefion ordered not to expand its scope of business

Danish regulator warns Gefion has "serious liquidity problems"

Ultimate Risk Solutions to work with MSG Global

Risk modelling software vendor ties up with global IT service firm

Jon Hancock to step down from Lloyd's

Performance management director to exit this year

Hong Kong Insurance Authority outlines Orsa stress test scenarios

Market risks and insurance loss shocks take centre stage

Ageas boosts solvency with RT1 debt issue

Restricted tier 1 debt issued alongside tender for grandfathered RT1 debt

Analysis

Making scenario planning meaningful, effective and manageable

An expert panel at InsuranceERM's Regulation & Risk Management conference on 3 December in London shared their advice on stress and scenario planning, an activity that has become increasingly important for risk teams as they play a greater role in business strategy

Eiopa's Gabriel Bernardino: climate disclosures will become mandatory

Gabriel Bernardino, chair of the European Insurance and Occupational Pensions Authority (Eiopa) joined InsuranceERM's Insurance Risk and Capital EMEA conference earlier this month. In a Q&A with Christopher Cundy, he answered questions about climate change, the Solvency II review and conduct risk

Writing a new chapter for Equitable Life

Feryal Nadeem started her career at Equitable Life during its financial crisis. Twenty years later she is chief risk officer at the provider that will finally resolve the UK mutual insurer for policyholders, as she explains to Ronan McCaughey

IAIS Abu Dhabi: Why the Treasury and NAIC returned different ICS conclusions

"Team USA" voiced wildly divergent tones in their reaction to the ICS talks in Abu Dhabi last week. But, despite their strong statements, the US negotiators appear to be in accordance over zero implementation of IAIS's capital accord and the potential to move forward with compromise. Sarfraz Thind reports

IAIS Abu Dhabi: compromise on global capital standard keeps process on track

Paul Walsh summarises the reaction to today’s agreements that keep the Insurance Capital Standard on track, but not without objections from Canada and questions about US comparability

Insurance ERM Americas: The risk trends keeping US CROs awake at night

US re/insurance chief risk officers reveal the risks that most concern them, changing risk tolerances in the industry and strategies for dealing with emerging threats. Ronan McCaughey reports from InsuranceERM's New York conference