Grant Thornton
FCA Consumer Duty deadline is ‘end of the beginning’
General insurers have been warned today’s Consumer Duty deadline is just “the end of the beginning” as work now needs to start on four extra strands of activity.
Budget 2020: What are the Chancellor's options on IPT?
Insurers have ramped up lobbying attempts to convince the government to slice the rate of Insurance Premium Tax. Post investigates why they may well have good reason to be worried it could be cranked up the other way.
Chubb's Sara Mitchell: Stuck in the mid-market?
The middle market is the engine room of the UK economy, says Sara Mitchell, head of corporate division, UK & Ireland, Chubb, urging insurers to work closely with brokers to support this sector.
Remaining Enterprise claims 'progressing rapidly', liquidator confirms
Premium claims yet to be returned to Enterprise policyholders will "progress rapidly" over the coming weeks, liquidator Freddie White has confirmed.
Only a quarter of UK insurers now support Solvency II
Support for Solvency II is waning with just a quarter of UK insurers believing the regime is the best way to run their business.
Quinn administrators' 'negligence' suit progressing against PWC
Legal pleadings in litigation involving Quinn Insurance’s administrators and the defunct insurer’s accountancy firm PWC are expected to be finalised this summer, with a potential full hearing likely to conclude in 2017.
Grant Thornton insurance chair exits after three months
Grant Thornton’s UK insurance boss Craig Scarr has exited the business just over three months after being recruited from Mazars.
Only 6% of insurance execs believe Solvency II costs are ‘reasonable’
A survey conducted by Grant Thornton has revealed that only 6% of insurance industry executives described the costs associated with Solvency II are "reasonable".
Broking M&A boom predicted as private equity appetite grows
Report reveals UK dominance of European insurance deals
More M&A activity predicted for 2014 as UK leads the way in Europe
Mergers and acquisitions completed within the UK insurance market last year dwarfed similar deals in the rest of Europe, according to Grant Thornton, which is predicting more acquisitive activity in 2014.
Market Moves - 17 April 2014
Find out who has moved where in the industry this week.
Grant Thornton recruits Mazars’ Scarr as insurance chair
Grant Thornton has swooped for Mazars Craig Scarr to serve as a partner and chairman of UK Insurance.
Lemma claims could cost FSCS £25m
The UK Financial Services Compensation Scheme expects to pay-out around £25m in claims related to failed Gibraltar-based insurer Lemma.
Early implementation of SII elements 'burdensome' for UK firms
The European Insurance and Occupational Pensions Authority has published four consultation papers containing guidelines on the elements of Solvency II that it wants national supervisors implemented by national supervisors from 1 January 2014 on a "comply…
Lemma Insurance Europe policies disclaimed
The Supreme Court of Gibraltar has passed an order winding up Lemma Insurance Europe and appointing Frederick White, of Grant Thornton, as liquidator.
Solvency II principles 'ruined' by implementation
Frustration in the insurance industry over the introduction of Solvency II is at an all-time high, according to new research.
Solvency II considered 'too complicated’, research finds
The insurance industry is increasingly critical of Solvency II, with a large number claiming the principles of the directive had been “ruined” by the implementation.
New players in solicitors' professional indemnity market dampen down rates
New entrants to the solicitors' professional indemnity insurance market have kept rates competitively low for this year's 1 October renewal deadline, according to brokers.
Operational risk still overlooked, says Grant Thornton
An inaugural market study by Grant Thornton has found that insurance companies should seek a better balance in risk management across all risk categories to successfully deliver business plans within acceptable risk limits.
Private equity: a new wave of investment
A new wave of private equity investment is entering the insurance market on the back of tougher bank lending terms. But is it here to stay?
Quinn administrators face 20% fee cut
The President of the High Court in Dublin has knocked 20% off the fees sought by the joint administrators of Quinn Insurance, saying the work they are doing now is routine, the Irish Examiner reports.