KPMG
2014 tipped to see consolidation surge as sector’s M&A appetite increases
Regulatory certainty, soft market and economic recovery make deals likely.
RSA weighs up fund-raising options as it seeks to avoid rating downgrade
Insurer facing potential £35m fine and may need to raise up to £300m in capital.
KPMG promotes Daly to global insurance tax lead
KPMG International has appointed Brian Daly as global insurance tax lead.
KPMG: Competition Commission reforms superseded by price battles
A combination of technological change and competitive market forces will likely exert greater pressure on the cost of motor insurance than reforms proposed today by the Competition Commission, according to KPMG.
Review of the Year: Lloyd’s: 325 not out
After celebrating its 325th birthday this year, Lloyd’s is still looking to innovate. Key figures in the market review the past 12 months and look forward to the coming year.
Towergate tipped to escape with FCA ticking off after misallocation of £15m
Auditor KPMG could find itself in the firing line for failing to spot error.
KPMG audited Towergate throughout client money failures
Big four professional services firm KPMG served as Towergate’s external auditor during a four year spell in which the broker misallocated £15m.
Aviva’s attempt at asbestos exit fueled by increased long-term claims certainty
Firm’s plan to offload rumoured £1bn book linked to overall restructuring,
Aviva rumoured to be planning sale of asbestos liabilities
Aviva is seeking to offload a £1bn portfolio of liabilities including the majority of its exposure to historic asbestos-related claims, according to reports.
Consultants welcome timeframe clarity from Omnibus II decision
Consultancy firms have welcomed the Omnibus II agreement reached by the European Union trilogue parties saying the deal will provide insurers with much-needed clarity.
RSA performs offshoring U-turn as customers demand UK call centres
Closure of insurer’s customer-centric Indian call centres to create 350 UK jobs.
Reader appointed global head of insurance at KPMG
KPMG has promoted head of insurance advisory in the UK Gary Reader to the role of global head of insurance.
Michael Tripp joins Mazars as GI partner
Former Ecclesiastical chief executive Michael Tripp has set his sights on developing accountancy firm Mazars’ actuarial business as an alternative offering to Towers Watson.
'Clear deadline' on Solvency II welcomed by consultants
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Consultants welcome 'clear deadline' on Solvency II
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
KPMG welcomes latest Solvency II guidelines
KPMG has welcomed a relaxation in reporting guidelines following the European Insurance and Occupational Pensions Authority releasing its final guidelines relating to the preparation of Solvency II today.
KPMG welcomes latest Solvency II guidelines
KPMG has welcomed a relaxation in reporting guidelines following the European Insurance and Occupational Pensions Authority releasing its final guidelines relating to the preparation of Solvency II today.
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
Insurers urged to comply as US regulator turns to Lloyd’s in Iran sanctions inquiry
The New York regulator’s request for information on sanctions breaches from Lloyd’s of London indicates the watchdog’s attentions have shifted away from banks and onto insurers, market insiders have warned.
Investment: Diminishing returns
Insurers are predicted to find it increasingly difficult to make high yields from investments, so what can the industry do to turn the tide and increase returns?
View from the Top: 2013's regulatory outlook
KPMG's Martin Noble looks at how 2013 regulatory predictions shaping up for Asia-Pacific, and whether we could soon see the emergence of a global insurance capital standard.
Chinese insurers urged to become more customer-centric
Tony Compton, head of insurance consulting, mainland China at KPMG has urged Chinese insurers to center their respective business operations around the customer.
IASB insurance contract rules “a new world” for insurance
New rules on the accounting of insurance contracts represent fundamental change according to consultancies.
LTG report could lead to further Solvency II delays says KPMG
Global Consultancy firm KPMG has cast doubt on whether the recommendations from Eiopa’s long-term guarantees assessment impact study will satisfy all parties and stave of further delays in the Solvency II schedule.