Bank of England ignites the debate on UK-EU Solvency II equivalence

The EU is in no rush to grant the UK reciprocal equivalence on Solvency II and has stirred anger by saying it wants to see how far the UK diverges before giving the green light. Paul Walsh assesses the state of play and whether there is any potential for a future agreement


UK insurers face multi-million payouts after losing BI appeal

Courts ruled in favour of Financial Conduct Authority in business interruption test case


PIC sparks up £3.4bn bulk annuity deal with BAT

Largest ever transaction for specialist UK insurer


Debate over the insurability of GDPR penalties

Herbert Smith Freehills says the question is likely to come before the courts


SFCRs need to show how capital is generated - analyst

Stress and sensitivity testing also lacks consistency


PIC completes £725m buy-in

Attractive pricing helped by significant de-risking by the fund


UK insurers play it cool on Part VII transfers

Brexit is expected to cause a rush of requests to transfer insurance contracts between businesses. But so far, there has not been a deluge of Part VII applications. Paul Walsh reports


PRA rejects lawyers' accusations of gold-plating

A "judgement-based supervisory approach" is "consistent with statutory objectives"


Australian life insurers urge government to give self-regulation time to work

Corporate regulator says new business code must be practised, not just preached


Australian life industry considers submitting new Code of Practice to regulator

Watchdog says this might "send out a strong message", but is voluntary