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S&P affirms rating on Standard Life

Standard & Poor's Ratings Services has assigned its 'A' long-term counterparty credit and insurer financial strength ratings to UK-based life insurer Standard Life Assurance and its 'BBB+' long-term counterparty credit rating to Standard Life PLC, the parent company of Standard Life and holding company of the Standard Life group.

At the same time, Standard & Poor's withdrew its 'A/A-1' ratings on Standard Life Assurance, following the transfer of the long-term assets of Standard Life Assurance to Standard Life, in accordance

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Lloyd’s probe deepens after Clement promotion cleared

Lloyd’s is believed to have widened a fresh investigation into top-level behaviour, just as a report emerged that October’s review of the London Market’s former CEO John Neal’s relationship with his former head of corporate affairs Rebekah Clement ruled it wasn’t inappropriate.

Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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