PricewaterhouseCoopers (PwC)
PwC launch new scheme for Highland UK reinsurance creditors
Pricewaterhouse Cooper today announced that Highlands UK’s scheme of arrangement which dealt with the direct insurance business of the company, has, following its successful implementation, been formally terminated.
Run-off restructuring expected, says PWC
Nearly two out of three run-off reinsurers and insurers believe Solvency II will force them to tackle underperforming lines of business, a PWC survey has found.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
PwC warns of riot cover exceptions
PricewaterhouseCoopers bosses have urged customers to check the small print of their policies amid concerns that the impact of recent rioting may not be included in insurance contracts.
News analysis - Lancashire Tax move: Bringing business back to Blighty
With Lancashire set to move its tax residence to the UK, Amy Ellis looks at proposed reforms to the controlled foreign companies rules and asks whether other insurers may follow suit.
Solvency II action remains vital despite delay proposal
Firms have been urged to continue working towards the 1 January 2013 implementation deadline for Solvency II, despite the European Parliament announcement that the regime should be delayed until 2014.
European Parliament confirms Solvency II 2014 delay
The European Parliament has agreed that Solvency II should be delayed until 2014.
Commercial property - Business interruption: Dealing with disruption
Deficiencies in business interruption policies have long been a source of debate, but what can be done to improve them, asks Veronica Cowan.
People moves – 14 July
A round-up of people moves and new appointments in the industry, as featured in the 14 July 2011 edition of Post.
Tax exemption option could lure back firms
Firms that have redomiciled for tax purposes could consider returning to the UK if a government-driven consultation on corporate tax for controlled foreign companies leads to substantial legislative changes, according to Pricewaterhouse Coopers.
Broker and insurer profitability drops despite business volume growth
According to a new PwC/CBI report, general insurers reported their fastest growth in business volumes since March 2008 in the last quarter - however, the survey found costs have increased and profitability also decreased moderately.
Post Magazine - 16 June 2011
The latest issue of Post Magazine is now available to subscribers as a digital and interactive e-book.
Independent Anniversary: The last days of Indy
Tomorrow marks the tenth anniversary of the demise of Independent Insurance, the underwriter once the envy of rivals, which ultimately proved the maxim “too good to be true”. Jonathan Swift revisits the finals days with those who lived through it.
Ten years on, liquidator admits there was an Indy rescue plan
The joint provisional liquidator of Independent Insurance Dan Schwarzmann has said Pricewaterhouse Coopers is hopeful that a scheme of arrangement can be agreed by the end of the year, a decade after he was first appointed to the beleaguered insurance…
Independent Insurance - 10 years on: Burned so Bright
17 June marks the tenth anniversary of the demise of Independent Insurance, the underwriter that was once the envy of rivals, but which ultimately proved the maxim ‘too good to be true’. Jonathan Swift remembers the finals days of the firm with former…
Ten years on, liquidator reflects on Indy failure - Insurance News Now - 16 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how ten years on from Independent Insurance going into liquidation, PwC's Dan Schwarzmann is hopeful a scheme of arrangement being agreed by the end of the year.
Broker IPOs: Who dares wins
Broker IPOs keep the rumour mill active but very few actually occur. Rachel Gordon finds out why this is and looks at which companies are most likely to pursue the public route.
M&A - market update: Coming together
Merger and acquisition activity is finally on the rise following a long period of stagnation. Daniel Dunkley looks at what is behind the increase.
Insurers most fearful of regulation, according to survey
The greatest danger currently facing the insurance industry is the raft of new regulations being introduced, according to a new survey which ranks insurance sector risk.
SMEs advised on alternatives
SMEs have been urged to consider alternatives to the purchase of non-compulsory commercial insurance.
Broking supplement - Biba 2011 preview: Speakers'corner
This year's British Insurance Brokers' Association conference held in Manchester on 11 and 12 May will see attendees from brokers, insurers and service providers descend on Manchester Central to network and debate the major issues affecting the broking…
Confusion over Solvency II as FSA revises model plans
Solvency II experts have voiced concerns over the uncertainty surrounding the incoming European Union legislation, after the Financial Services Authority revealed revised plans for its handling of internal model applications.
Post history - 20 years ago: support for APPG grows in parliament
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 20 years ago reveals.
PwC welcomes “clearer” view of Solvency II
PwC has responded to the speech made by Julian Adams, FSA Director of Insurance, at the FSA Solvency II Conference today.