European Commission (EC)
EC proposals 'unnecessary'
CMS Cameron McKenna has responded to the European Commission's proposals for insurance guarantee schemes that could lead to the break-up of the the Financial Services Compensation Scheme.
CEA concerned over EC insurance insolvency guarantee scheme
The CEA, the European insurance and reinsurance federation, has thrown its support behind the objective of protecting insurance policyholders and beneficiaries that underlies the package of measures the European Commission published yesterday.
‘Modest’ changes in final spec for QIS5
The final specification for the fifth quantitative impact study for Solvency II has been released with “modest” changes for general insurance.
Exclusive online interview: Michaela Koller
With the European insurance industry facing a time of increasing regulation and instability, Post Europe recently spoke to the director general of the CEA, the European insurance and reinsurance federation, about lessons to be learnt from banking,…
Post Europe July
Post Europe’s July edition is now live.
Post Europe – Insurance Block Exemption Regulation
The insurance block exemption has in the past helped European insurers to avoid competition issues. However, as Jakki May explains a recent tightening of the rules means insurers must put their practices under scrutiny.
Post Europe Interview – Michaela Koller
The European insurance industry is facing a time of increasing regulation and instability. Jonathan Swift talks to the director general of the CEA, the European insurance and reinsurance federation, about lessons to be learnt from banking, Solvency II,…
Insurance Block Exemption Regulation
The insurance block exemption has in the past helped European insurers to avoid competition issues. However, as Jakki May explains a recent tightening of the rules means insurers must put their practices under scrutiny.
View from the top: Stand up to EC on renewal
The law of unintended consequences dictates that on occasion some of us will suffer from the well-meant actions of others. This certainly appears to be so in the case of the Consumer Rights Directive currently being debated at the European Parliament.
Heritage in callto EC on captives
Specialist insurer Heritage has urged the European Commission to do more to ensure captives are treated fairly under the Solvency II regulations.
European risks not "significantly" increased claims Ceiops
Risks have shifted in the EU/EAA area, although the recent developments concerning sovereign risk in the Euro area means they have not significantly increased compared to 2009.
Ceiops member disputes broker independence
Intermediaries that accept commission should be prevented by law from describing themselves as independent, according to a member of the Committee of European Insurance and Occupational Pensions Supervisors.
Bermuda - legal:Towards mutual recognition
Katie Tornari and David Kendall review the steps towards international compliance that Bermuda is taking to safeguard.
Rating agencies on the EC's radar as it aims to improve supervision
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on credit rating agencies and launched a public consultation on reforming corporate…
Interview - Paul Geddes: Regaining an edge
With a new team in place and a major change programme underway, including 2000 job cuts, RBSI CEO Paul Geddes talks to Jonathan Swift about the need to stay competitive.
Legal update - Mandatory mediation: Working together
With Italy making mediation mandatory before a civil or commercial dispute can go to court, Michael Dawson looks at whether the UK will follow suit.
Towers Watson issues Solvency II insurer warning
Risk management consultancy Towers Watson has warned that insurers may be “cutting corners” in their approach to the Solvency II’s QIS5 exercise.
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…
Insurers urged to keep up pressure
Lloyd's has warned there is still "more to do" to drive down the Solvency II capital requirements despite the European Commission's move to ease the burden under the latest quantitative impact study.
PwC: QIS5 draft specification provides “significant relief” for insurers
Consultants PricewaterhouseCooper has welcomed the European Commission’s decision to depart from Ceiops advice and ease the capital burden on insurers under the QIS5 draft.
PwC: QIS5 draft specification provides “significant relief” for insurers
Consultants PricewaterhouseCooper has welcomed the European Commission’s decision to depart from Ceiops advice and ease the capital burden on insurers under the QIS5 draft.
Ceiops chair outlines latest thoughts on GI proposals
In a letter to Jörgen Holmquist, director general, European Commission internal market and services directorate general, the Ceiop chair Gabriel Bernardino has submitted the last set of advice on the Solvency II level 2 implementing measures which have…
Interview: Dr Jochen Messemer, ERGO
Dr Jochen Messemer, ERGO Versicherungsgruppe AG board member responsible for international operations answers Insurance Insight's questions.