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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