Brokers are regulated by the Financial Conduct Authority, so they don't really come into contact with the Prudential Regulation Authority, which is primarily concerned with the soundness of insurers, ensuring protection for policyholders.
The Financial Conduct Authority has launched a consultation paper on the handbook changes needed to reflect the new insurance linked securities regime.
Insurers have submitted a request to the regulator for changes over a “flawed” portion of Solvency II.
Planning the response to large-scale catastrophes is a must for all general insurers.
The Financial Conduct Authority has outlined its proposed approach to the authorisation and supervision of Insurance Special Purpose Vehicles, which will facilitate Insurance Linked Securities business.
The London Market has welcomed the publication by the government of draft regulations for Insurance-Linked Securities for consultation.
Solvency II has "not been worth it", the former insurance director at the Prudential Regulatory Authority has admitted.
Aegis London has appointed Hermien Smeets-Flier as chief financial officer and Graeme Tennyson as director of risk and compliance.
We all planned for it but it’s fair to say that few among us believed we would actually have to execute our Brexit contingency strategies.
Capital requirements and regulations have been blamed for putting off new full-stack insurers from establishing in the UK but Brexit won't necessarily help start-ups.
The French stock market watchdog will simplify licencing procedures for UK businesses considering relocating to France following the Brexit vote.
The Prudential Regulation Authority has released a consultation paper with a draft supervisory statement on its expectations of insurers in significant loss events.
Lloyd’s chairman John Nelson has called for the UK to abandon “overly burdensome” regulation following Brexit.
Challenging market conditions are no excuse for poor insurer performance, according to a report by Willis Towers Watson.
There was a time, or so the old insurance hands say, when being a non-executive director was something of a cushy number: The sum total expected of a NED was to turn up for 12 board meetings a year, read the odd report, and play a few rounds of golf with…
A review on the possible breakup of the Financial Conduct Authority has been called for by senior MPs and the Treasury Select Committee due to ‘severe flaws’ in its past operations.
Financial reserves released by general insurers in 2015 were the highest in 30 years, regulators have warned.
Mark Weil, Marsh UK and Ireland CEO, talks to Stephanie Denton about his busy tenure, integrating acquisitions and what comes next
After the flurry of activity ahead of the various Senior Insurance Managers Regime deadlines, some firms might have concluded that implementation is complete and it is now possible to relax into business-as-usual mode. However, major ongoing and future…
The industry’s two main regulators have not carried out any formal review of the potential impact of a Brexit, an investigation by Post can reveal.
Time is running out before implementation of the European Union Audit Directive and Regulation on 17 June
Insurers could lose up to 17% of their own funds if there was a credit shock, according to results of a wide-ranging stress test of the market.
The House of Commons’ and the Treasury Committee’s influence on the appointment and dismissal of the FCA’s CEO has been heightened, according to the latter’s chair, Andrew Tyrie.