Letter to industry CEOs raised concerns over the sustainability of reserve releasing
The Prudential Regulation Authority has written to insurers in a bid to ensure firms are focused on sustainability after identifying an increase in reserve releasing in recent years.
The Lloyd's Market Association's educational arm has launched a leadership programme with the University of Cambridge to explore the implications of climate change for the insurance industry.
Insurers lack understanding of climate change’s implications for investments
The Prudential Regulatory Authority has appointed an outgoing Prudential executive director to serve as an independent member of its board from May next year.
Having made the leap from broking to an insurance company, I knew it would be different. I have had one or two ‘I don’t think we’re in Kansas anymore Toto’ moments but I always knew there would be a period of adjustment.
Insurers should be allowed to fail, as long as their exit is orderly, the Prudential Regulation Authority has stated.
All the news from Post’s 2014 Disaster Risk and Response Forum
The Prudential Regulation Authority today issued two supervisory statements aimed at insurers as the Bank of England continues its focus on activity in the industry.
Twelve months ago at the 2013 British Insurance Brokers’ Association conference, Financial Conduct Authority chief executive Martin Wheatley used his keynote speech to tell the market the regulator would be taking “early and decisive action” against…
Industry figures critical of regulator’s early naming and shaming policy
The government has launched a review of the fairness, transparency, speed and efficiency of the institutional arrangements and processes the Financial Conduct Authority and the Prudential Regulation Authority use to make enforcement decisions.
With a definitive date of 1 January 2016, Solvency II is finally set to be implemented – and insurers must make sure they are prepared
Aviva and L&G shares fall after investigation details are aired prematurely.
It hasn’t taken long for the hunter to become the hunted and, with insurers smelling blood, the Financial Conduct Authority finds itself in the awkward position of being forced to account for its own actions.
Commentators suggest FCA should move outside capital.
Insurers have long been used to proving their worth and providing their stakeholders with a healthy return on investment, but this week this particular spotlight turned on their regulators.
Plans for insurers to invest in infrastructure projects are being hampered by Solvency II.
The twin peaks regulatory system will need to demonstrate it is providing value for money after a National Audit Office report highlighted escalating running costs and concerns over staff capacity.
Nick Prettejohn is to be named a non-executive at Lloyds Banking Group according to a report from the Financial Times.
International law firm Clyde & Co advised investment firm Whittington Group on the sale of Direct Asia to Hiscox.
Former Lloyd’s chief executive and Brit chairman Nick Prettejohn is to step down from the board of the Prudential Regulatory Authority.
The run-off market looks set to consolidate its position in Europe, a trend borne out by a Clyde & Co survey which found 60% of insurer respondents expect to complete a deal in Europe in the next 12 months.