Capital management Equity, Debt, Hybrid, Corporate Strategy

News

Direct Line chief slams FCA's pricing reform timeline

The UK non-life insurer also announced a £100m share buyback and 4.5% drop in annual profit

Royal London's profit plummets as annuities business kicks off

Approval pending for matching adjustment portfolio

Debeka Leben falls below 100% solvency without transitionals

Group calls on Europe's politicians not to "close eyes" to effect of low rates

Willis Towers Watson to update DataValidator software tool

The provider says the product's processing speed will be multiple times faster in most cases

Insurers urged to stand firm on uninsurable risks

AIG's Brian Duperreault said insurers must be careful about saying what they can cover

The winners are revealed in InsuranceERM's 2021 Awards

The awards recognise the best in the UK and Europe's insurance risk management sector

Sampo's plan to divest Nordea will trigger capital management changes

Market risk will be dramatically reduced, says CFO

German life firms risk capital inadequacy when transitionals expire

BaFin's Frank Grund predicts more insurers to face "intensive supervision" as result of Covid-19

Zurich chooses worst moment to switch capital target to SST

CFO apologises to analysts for mis-stated Q3 2020 figure

Aegon establishes reserve for US Covid-19 mortality

Adverse mortality so far was offset by favourable morbidity in Aegon's US book

Analysis

Germany's interest rate reserve gets bigger - and better

German life insurers paid more into the Zinszusatzreserve again in 2020, despite the new "corridor method" of calculation that intended to unburden the sector. Industry leaders tell David Walker the ZZR remains fit for purpose nonetheless

Eiopa under fire over Solvency II review proposals

The European Insurance and Occupational Pensions Authority (Eiopa) published its long-awaited final thoughts on the Solvency II review this week. However, facets of the industry and beyond are distinctly unimpressed with the proposals, as Paul Walsh reports

ICS capital calculations: onerous, uncertain, but growing in relevance

The global Insurance Capital Standard (ICS) requires yet more modelling work for insurers and some of its rules for calculating capital are vague. It's currently a low priority for insurers and investors, but UK firms in particular should watch closely. Christopher Cundy reports

PRT expansion to drive L&G's dividend growth plan

Christopher Cundy reports from Legal & General's (L&G) investor day, where the insurer revealed new targets for its dividend, bulk annuity underwriting and investments

Taking a new direction in life

China Taiping Insurance Singapore, a long-established non-life insurer, has taken the rare step of diversifying into life business. David Walker talks to the man leading the move, Lance Tay

Cracks in the normal distribution challenge CROs

Covid-19 is changing the way chief risk officers think and work. Eric Clapprood and David Sherwood talk to Sarfraz Thind about why CROs may need to focus on less extreme risks, and how they can adapt to the new normal