PricewaterhouseCoopers (PwC)
Gable shareholders to meet to determine company’s future
A meeting will take place this afternoon to give Gable shareholders a final opportunity to inject fresh capital into the business.
Gable needs further capital to stave off insolvency, administrator warns
The administrator responsible for Gable has requested a further capital injection in order for the company to remain solvent.
CII launches Strategic Manifesto following internal review
The Chartered Insurance Institute launched its Strategic Manifesto, with a focus on re-establishing public trust in the insurance sector.
FSCS will protect policyholders of Liechtenstein insurer Gable
The Financial Services Compensation Scheme said it will protect consumers affected by the Gable administration, should the firm become insolvent.
Gable administration was 'inevitable', say brokers
Brokers have described Gable’s administration as “inevitable”, with those who still hold policies with the troubled Liechtenstein insurer being advised to immediately find new cover.
Irish insurance bosses focus on M&A deals despite economic challenges
Nearly a fifth of Irish insurers are looking to acquire or merge with a competitor, a survey of insurance CEO's has found.
Portas joins PWC as partner
Jane Portas has joined Price Waterhouse Coopers UK as a partner.
Third of UK insurers haven't analysed impact of Brexit on staff
A third of UK general insurers haven't analysed the impact leaving the EU will have on their staff.
Market reacts to PRA consultation papers on Solvency II
The Prudential Regulation Authority has released a consultation paper with a draft supervisory statement on its expectations of insurers in significant loss events.
Why 'unhackable' blockchain could revolutionise the insurance industry
Everyone’s talking about it, but is anyone really doing it? There’s a continuous chatter surrounding blockchain, so isn’t it about time more firms used the distributed ledger system?
Diversity: How to implement a more eclectic workforce
Historically, the insurance industry has lacked diversity. When you imagine a typical insurance firm, you may picture a male, pale and stale boardroom. Increasingly, though, the industry has been implementing a range of initiatives to draw in a more…
CII makes three roles redundant following internal review
The Chartered Insurance Institute has made three senior staff roles redundant following an internal review.
Abbey Insurance Brokers appoints Hanna and McKelvey to its board
Abbey Insurance Brokers has made two new appointments to its board. Paul Hanna has been appointed managing director, while Jeni McKelvey has been promoted to personal lines director.
Insurers need to look past Blockchain hype, to find best process fit, says PWC
The insurance industry is keen to implement blockchain solutions in order to change the way it operates, a report from Long Finance shows.
Guernsey is inviting insurers to relocate from Brexit UK
Guernsey is carrying out a strategic review into how it can become a “more important player” as an international insurance hub.
Insurers face skills shortages in software and digital
Insurers in the life and general insurance sectors are planning to hire more staff with digital skills, according to a survey.
Insurers fear loss of business to FinTech sector
The scale of the threat posed to the insurance market by FinTech companies has been revealed in a new report by PwC.
Blog: Solvency II accelerates competitive rethink
We're now a number of months into the Solvency II regime and the sky hasn't fallen in. But the scale of the compliance demands is providing fresh fuel to the debates within many businesses about whether they could compete more effectively without the…
Independent Insurance: Reflections on the failure fifteen years on
Jonathan Swift speaks to former employees about the business and its legacy.
Liquidators receive 5,000 claims against Independent Insurance
More than 5,000 claims have been made on the estate of collapsed Independent Insurance, administrators said.
Insurers profits to fall due to low returns, rising costs
The profits of general insurers are expected to fall over the next three months due largely to a rise in costs and low returns on investment, according to the latest PWC and CBI financial services survey released today (29 March).
Concern expressed as 'rigorous' SIMR adds pressure on senior roles
Insurers have welcomed the launch of the Senior Insurance Managers Regime, however, there remains uncertainty as to what extent top ranking employees will be impacted.
Industry CEOs concerned by market entrants, PWC survey finds
New market entrants are seen as a threat to growth for established industry players, according to 65% of insurances CEOs surveyed by PWC.
Personal and commercial profit pressures spark insurers' wholesale interest
Growth ambitions have been pegged as the main driver behind prominent UK insurers expanding their wholesale market presence with competitive personal and commercial lines conditions forcing insurers to deploy capital elsewhere.