KPMG
Increased shareholder scrutiny puts spotlight on insurance CEO pay
Insurers are more cautious and keen to be transparent over executive remuneration after last year’s ‘shareholder spring’, according to analysts, with recommendations for boss’s pay packets swelling in the past 12 months.
Industry divided over Eiopa's Solvency II guidelines
Industry players have been divided in their response to the draft Solvency II guidelines released by the European Insurance and Occupational Pensions Authority.
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…
Jobs at risk as KPMG feels bite of Solvency II delays
Up to 40 actuarial jobs are at risk at KPMG as the accountancy giant feels the pain of uncertainty around the timeline for Solvency II coming into force.
KPMG criticises ‘disappointing’ lack of SII timetable
KPMG has branded the lack of a timetable for the implementation of Solvency II as ‘disappointing’, as the European Parliament vote to delay the vote of Omnibus II to 22 October 2013.
Solvency II compliance could move to 2016 following latest delay
The European Parliament plenary meeting to consider, and possibly approve, the Omnibus 2 amendments to the Solvency II directive has been moved back from 10 June to 22 October 2013.
UK regulator committed to risk-based regulation regardless of EU status
Plans to implement Solvency II will not be derailed by the Prime Minister’s pledge to hold a referendum on European Union membership if he is re-elected at the next general election.
Impact study likely to cause further SII delay
The implementation of Solvency II faces further delay due to the launch a long-term guarantees assessment impact study by the European Insurance and Occupational Pensions Authority, KPMG has warned.
To list or not to list? More Chinese insurers tipped to seek IPOs in 2013
Chinese insurers have started to raise money from equity issuance in the past two years as regulations and market appetite make the option more attractive, writes Andrew Tjaardstra.
IAIS finalises policy for 'too big to fail' insurers
The International Association of Insurance Supervisors is finalising policy proposals for the risk management of globally systemically important insurers, or G-SIIs, commonly referred to as ‘too big to fail’.
The future of regulation for Hong Kong
Hong Kong's insurance industry is currently digesting a consultation document on the future of its regulatory regime. Nicky Burridge talks to the market to get early reactions about the feelings on the ground.
Lloyd's investigation into Utley to conclude next year
The Lloyd's investigation into three former senior figures at Equity Red Star, including Hastings Insurance Group chairman Neil Utley, could conclude around the middle of next year once the Accountancy & Actuarial Discipline Board completes its own…
Cautious optimism for Hong Kong’s insurance market
With the Hong Kong insurance market continuing to grow rapidly you would expect insurers to be optimistic about the prospects for the market. This optimism is not unbridled, however.
View from the top: Models behaving badly
As with widely reported sat-nav disasters, what is going on in the banking sector as financial institutions embed the Basel III regulatory framework is testing investors' faith in what their computers are telling them, says Roger Bickmore.
Third delay to Omnibus II vote
The European Parliament's vote on Omnibus II, Solvency II's enabling legislation, due to take place in November, has been pushed back to March 2013.
UK non-life run-off market hit by "decade of decline", says KPMG
KPMG said in its 10th UK run-off survey that the size of the UK's non-life run off market is nearly 25% down over 10 years, while the active market has more than doubled.
Ageas confirms Winlow NED appointments
Ageas UK has confirmed that former KPMG partner Mark Winlow, pictured, has been appointed non-executive director on two of its boards.
LV recruits former RBS head for IT role
LV has appointed Simon Aldred, pictured, as director of management information for its general insurance business.
Asian View from the Top: Prudential insurance regulation - an evolving game-changer
Changes in prudential regulatory developments the world over are expected to have a significant impact on operational costs, the competitive landscape and the number and form of market participants in Asia Pacific.
KPMG demands clarity on Solvency II start date
KPMG's insurance director has called for a definitive statement on the Solvency II implementation date following the European Parliament's decision to defer the vote on the proposed Omnibus II amendments.
Amlin adds experienced non-executive director to its ranks
Amlin has appointed Shonaid Jemmett-Page, former chief operating officer of the UK government's CDC development finance institution, as a non-executive director.
Equinox hires new senior credit analyst
Lloyd's cover holder Equinox Global has appointed Michelle Barnes, pictured, to the post of senior credit analyst.
Asian enterprise risk management gathering steam
The Asia insurance sector lags behind Western markets in terms of enterprise risk management. Nicky Burridge investigates the issues bringing the matter to the top of the agenda.
Eiopa guidelines give clarity now insurers must act say analysts
Insurers were urged to get their final Solvency II preparations underway following the release of Eiopa’s Guidelines for Solvency II Reporting & Disclosure this week.